By July 2014, total exports value of Vietnam cephalopod reached US$ 264.4 million, up 13.9% year on year. Three years ago, the value of octopus was only about 30-35% of the total exports; however, this became nearly 41%.
The proportion of octopus exports of Vietnam increased in the first six month of the year and the large demand of the global market is remained. The most difficult challenge for Vietnam seafood enterprises at present is the short raw material supply. India, the biggest octopus supplier to Vietnam is facing the shortage of raw materials.
Demand of the world market on cephalopod is high in 2014 however, Vietnam exporters also faces to stronger competition from other suppliers.
According to ITC, in the first half of 2014, South Korea, the world’s biggest octopus consumer market imported more octopus products. In particular, octopus, frozen, dried, salted or in brine (HS030759) was accounted for 46-52% of total import value. From March to June 2014, import value of octopus (HS030759) of South Korea increased by 10-12% per month, up from 15% to 25% year-on year.
Japan, the second also had a similar trend in the first half of the year. In Q2, Japan octopus imports increased with monthly average rate of 26-33%. Octopus (HS030759) was accounted for 31-64% of the total import value. In 1H, imports of octopus (HS030759) also increased from 3-12% year on year. Octopus from Vietnam took up 4.5-5% of total imports of octopus (HS 030 759) by Japan, while Morocco, China and Mauritanie, the 3 largest competitors, were accounted for 65-75% of the market share.
In the United States, octopus (HS030759) was the second most imported (after the squid frozen, dried, salted or in brine (HS030749), nevertheless, its value in 1H 2014 increased by 17-33% each month. It was difficult for Vietnam octopus to compete with fierce competitors such as Spain, Portugal, Indonesia, the Philippines, China and Thailand. Exporters of these countries had the know-how to import to America with large quantities and price stability.
|
Vietnam Cephalopod exports in Jan – Jun 2014 (US$ millions) |
||||||
|
Product |
Q1/2014 |
Q2/2014 |
6T/2014 |
Jan-Jul/2014 |
Jan-Jul/2014 |
Y-o-y changes (%) |
|
Squid (1) |
56.871 |
72.735 |
129.606 |
157.054 |
149.085 |
5.34 |
|
- Other processed squid (HS code 16) |
4.542 |
4.346 |
8.888 |
10.350 |
13.418 |
-22.8 |
|
- Dried/grilled squid (HS code 03) |
21.748 |
26.967 |
48.715 |
59.745 |
50.666 |
17.9 |
|
- Live/fresh/frozen squid (HS code 03) |
30.582 |
41.422 |
72.003 |
86.959 |
84.999 |
2.3 |
|
Octopus (2) |
34.903 |
54.810 |
89.713 |
107.301 |
82.984 |
29.3 |
|
- Processed octopus (HS code 16) |
7.018 |
7.901 |
14.920 |
17.687 |
18.232 |
-2.98 |
|
- Dried/salted/live/fresh/frozen octopus (HS code 03) |
27.885 |
46.909 |
74.794 |
89.613 |
64.752 |
38.3 |
|
Total (1 + 2) |
91.774 |
127.545 |
219.320 |
264.356 |
232.070 |
13.9 |
(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.
(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.
(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.
(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.
(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).
(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.
(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.
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