The forecasted positive growth for cephalopod exports in 2023 is based on the stable demand from the Korean and Japanese markets. The Russia-Ukraine conflict has not ended, which will continue to reduce the domestic production of Korea and Japan as well as the output of the main suppliers for these two markets such as Morocco and Peru in 2023.
Circular 06/2022 of the Ministry of Agriculture and Rural Development removing quarantine for frozen seafood imported for processing and exporting will continue to help cephalopod enterprises to diversify their raw material sources in 2023. Vietnam's instant, convenient, and affordable cephalopod products will continue to be popular in the context of world consumers still having to deal with inflation and a stagnant economy in 2023.
The forecasted positive growth for cephalopod exports in 2023 is based on the stable demand from the Korean and Japanese markets
However, the growth rate of cephalopod exports in 2023 can not be as high as in 2022 (with an increase of 25%) because enterprises continue to face challenges in terms of raw materials and rising input costs, the Russia-Ukraine conflict disturbing global trade, high gasoline prices, unremoved IUU yellow card and global inflation.
Looking back at exports in 2022
Vietnam's cephalopod exports in 2022 reached nearly 763 million USD, up 25% compared to 2021. The increase in export value of cephalopod in 2022 was influenced by factors such as increased transportation costs and exchange rate fluctuations.
In 2022, cephalopod exporters face many difficulties such as limited raw materials, high input costs, the Russia-Ukraine conflict, the unremoved IUU yellow card, high inflation, increasing the cost of living in the main import markets.
However, cephalopods are one of the essential food items, so the import demand is not much fluctuating. From July 28, 2022, according to Circular 06/2022/TT-BNNPTNT of the Ministry of Agriculture and Rural Development, aquatic animal products imported as raw materials for export processing or production are exempt from quarantine. Therefore, Vietnam's exports of cephalopods in 2022 still maintained a positive growth momentum of 25%.
In 2022, exports of cephalopods to major markets all increased
In the structure of exported cephalopod products, squid accounted for 55.9%, octopus accounted for 44.1%. In 2022, squid export value increased by 35%; octopus increased by 15% compared to 2021.
The export value of all squid products increased. In which, dried/baked squid and live/fresh/frozen squid increased by 28% and 38% respectively. Notably, the export value of processed squid increased the most by 73% compared to 2021.
Import demand for processed cephalopod products tended to increase sharply. Consumer favored cephalopod products that were reasonably priced, easy to process, had a long shelf life, and suitable for processing and consumption at home such as: dried squid, dried octopus, frozen octopus.
Vietnam exported cephalopod products to 63 markets in 2022. Top 10 largest single markets importing cephalopods from Vietnam included Korea, Japan, China, Thailand, Italy, USA, Malaysia, Israel, Spain, Taiwan and account for 92% of total cephalopod exports.
In 2022, exports of cephalopods to major markets all increased. In the structure of Vietnam's main export markets for cephalopods in 2022, the proportion of CPTPP, China and EU markets increased while the proportion of Korea and Thailand decreased. Japan and China were still the leading squid import markets while South Korea and Japan were the two largest octopus importers.
Compiled by Thuy Linh
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(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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