The export value of squid is accounting for a larger proportion (59%) of the total export of squid and octopus to this country. Export of dried/baked squid (HS code 03) to Japan in the first 3 months of the year had an impressive positive growth rate of 512% over the same period in 2020. Vietnam mainly exported products such as squid to Japan frozen sliced squid, pinecone cuttlefish, frozen cuttlefish fillet, frozen nugget squid….
According to data from the World Trade Center (ITC), Japan's cephalopod imports reached more than 25 thousand tons, equivalent to 154 million USD, up 1% in volume and down 10% in value, compared to in the same period of 2020. Japan's imports of cephalopods from major sources all decreased in value compared to the same period in 2020.
Vietnam is the second largest source of cephalopods for Japan, after China, accounting for 11% of the country's total import value. While imports from China and Vietnam are higher, imports from Russia, Thailand and Mauritania are lower.
In the squid segment in Japan, Chinese products are dominating the market, accounting for 64% of the total import value of this market. Meanwhile, Vietnam only accounted for 8% and Thailand accounted for 6%.
According to statistics of Vietnam Customs, the average export price of frozen squid, HS code 03074310 of Vietnam to Japan in the first 3 months of 2021 fluctuated at 10.3 USD/kg, an increase of 66% compared to that of Vietnam. in the same period of 2020. Meanwhile, the average export price of Chinese products to Japan fluctuated at $5.7/kg, down over the same period.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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