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) 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