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) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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
