In May 2016, top 5 cephalopod importing markets from Vietnam reduced imports of this item. In which, China and Hong Kong, with the import value of US$1.1 million, posted the sharpest fall of 33% compared to the same period in 2015. In Jan-May 2016, cephalopod sales to this market reached US$4.95 million, down nearly 46% over the same period of 2015.
South Korea stayed as the largest cephalopod importer from Vietnam with the proportion of 38.2%. In May 2016, the shipments to the market hit US$11.01 million, down 19.5%; the figure in Jan-May 2016 was US$54.37 million, down 14.8% from the same period in 2015.
Out of top 9 leading cephalopod importers of Vietnam, Taiwan and Australia registered the positive growth. The exports to Taiwan in Jan-May 2016 totaled US$2.01 million, up 5.5% year on year. Meanwhile, in May 2016, the shipments to Australia with the sales of US$275 thousand reported the highest increase of 39%; the figure in the first 5 months of 2016 estimated at US$1.62 million, up 50% over the same period last year.
Among total cephalopod exports, exports of squid took the larger proportion of 53.3% with the value of US$75.98 million in Jan-May 2016.
So far, Japan was the biggest squid importer from Vietnam, followed by South Korea and Thailand, while South Korea is a leading octopus importer from Vietnam, followed by Japan and Italy.
Currently, the price of squid in the global market increased by 30% due to El Nino. In general, squid catches were reported to reduce significantly in the winter and spring. In which, Japan, Argentina, the Falklands, Chile and California showed the sharp drop caused by the direct impact from El Nino in 2015-2016.
However, as reported by The National Oceanic and Atmospheric Administration (NOAA) in Mar 2016, the strong El Nino effect in 2015-2016 has been declining and it was expected to disappear in the early summer. Because squid had the reaction to the change of water temperature, their reproductive cycle was relatively short and so squid catches were expected to rise again with normal water temperatures.
Meanwhile, the price of squid posted its record high due to the shortage of the global supply. Currently, the squid tubes and tentacles size 3-5 inches from China increased by 17.5% since early this year and up 30% over the same period last year. Despite such high price, demand for this product remains strong and buyers considered it as a valuable protein source with attractive price.
Written by Ngoc Thuy
Compiled by Dieu Thuy
(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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