Cephalopod exports in the third quarter of 2022 recorded high growth in all three months of the quarter, especially in August, which recorded a strong growth of 82%. At the same time last year, many processing and exporting enterprises were affected by restrictions to prevent the Covid-19 pandemic. The high export value of cephalopod this year is also influenced by factors such as rising shipping prices plus exchange rate fluctuations.
In the structure of exported cephalopod products, squid and cuttlefish accounted for 56.4%, octopus accounted for 43.6%. In the first 9 months of 2022, the export value of squid and cuttlefish increased by 49% while octopus increased by 24% compared to the same period in 2021.
The export value of squid products all increased, in which dried/baked squid and live/fresh/frozen squid increased by 44% and 47% respectively. Notably, the export value of processed squid increased the most by 89% over the same period last year. Export value of processed octopus and live/fresh/frozen octopus increased by 43% and 21% respectively.
Import demand for processed cephalopod products tends to increase sharply. The Covid pandemic has not ended, so it still has an impact on the demand for cephalopods. Accordingly, the demand is still in favor of cephalopod products that are affordable, easy to process, have a long shelf life, and are suitable for home processing and consumption such as: dried squid, dried octopus, frozen octopus, etc.
In the first 9 months of 2022, Vietnam's cephalopod products were exported to 61 markets, an increase compared to 59 markets over the same period last year. In the first 9 months of 2022, exports of cephalopods to major markets increased. In the structure of Vietnam's main export markets for cephalopods, the proportion of CPTPP, China and EU markets increased while the proportion of Korea and Thailand decreased. Japan and China are still the leading squid import markets while South Korea and Japan are the two largest octopus import markets of Vietnam.
Korea is still the largest import market of Vietnam's cephalopods, accounting for 36% of the total export value. Accumulated in the first 9 months of 2022, exports of cephalopods to this market reached over 197 million USD, up 19% over the same period.
Korea mainly imports from Vietnam frozen cut octopus, frozen whole octopus, frozen cut octopus, frozen processed octopus, peeled dried squid, frozen processed squid, frozen sushi squid, frozen cleaned cuttlefish fillet, frozen cleaned whole cuttlefish, frozen pineapple-cut squid, frozen baby squid.
In the first 9 months of 2022, cephalopod exporters faced many difficulties in terms of raw materials and high input costs for production. The Russia-Ukraine conflict disturbs global trade, high gasoline prices make the cost of fishing trips difficult for fishermen, many ships cannot sail. Besides, the IUU yellow card that has not been removed is still a challenge for Vietnam’s cephalopod exports. High inflation, commodity prices and soaring cost of living in the main import markets also have negative impacts on Vietnam's cephalopod exports.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
