According to statistics from the International Trade Center (ITC), in the first five months of 2018, Italy imported 5.6 thousand MT of this item, worth by nearly US$39 million, down 28% in volume and 14% in value compared for the same period of 2017.
This year, imports of cephalopod products into Italy have decreased over the same period in volume, but the import value of some items still increase due to higher prices. Italy currently increased imports of frozen/smoked/salted squid and fresh/live/chilled octopus, accounting for 33% and 27%, respectively.
|
IMPORTS OF CEPHALOPOD INTO ITALY |
||||||
|
Products |
Value (Thousand US$) |
Volume (MT) |
||||
|
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
Jan-May 2017 |
Jan-May 2018 |
Variation (%) |
|
|
Frozen/smoked/salted squid |
20,096 |
12,809 |
-36.3 |
3,678 |
2,309 |
-37.2 |
|
Fresh/live/chilled octopus |
10,924 |
10,334 |
-5.4 |
1,580 |
1,128 |
-28.6 |
|
Processed octopus |
3,918 |
4,732 |
20.8 |
435 |
420 |
-3.4 |
|
Frozen/dried/salted octopus |
5,903 |
6,976 |
18.2 |
1,008 |
859 |
-14.8 |
|
Processed squid |
4,330 |
4,012 |
-7.3 |
1,096 |
889 |
-18.9 |
|
Total |
45,171 |
38,863 |
-14.0 |
7,797 |
5,605 |
-28.1 |
|
(Source: ITC) |
||||||
This year, the production of cephalopod in the world has reduced which affected supplies to Italy and pushed the average import price of cephalopod higher into Italy in the first 5 months of 2018 from 13 to 29 % over the same period of 2017.
Italy currently imported cephalopod from 23 countries around the world. In particular, most of the supplies of cephalopod to Italy were from the intra-EU countries, led by Spain. Indonesia, Peru and Vietnam were the three largest extra-EU suppliers of cephalopod to the Italian market. In general, due to the scarce supply of raw materials, Italy's cephalopod imports from the main suppliers decreased.
According to statistics of Vietnam Customs, in the first eight months of this year, Vietnam’s cephalopod exports to Italy reached nearly US$27 million, down 36% over the same period last year. Italy was currently the largest market of cephalopod of Vietnam in the EU, accounting for 6.4% of the total export value of Vietnamese cephalopod.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
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