July 9, 2025 | 15:24 GMT +7
Hotline: 0913.378.918
July 9, 2025 | 15:24 GMT +7
Hotline: 0913.378.918
Products of Kien Cuong Seafood. Photo: VASEP.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s squid and octopus sector has shown clear signs of recovery following a prolonged period of volatility from 2022 to 2024. In the first five months of 2025, export revenue for this product group reached nearly USD 274 million, up more than 14% compared to the same period last year.
South Korea continues to maintain its position as the largest importer, with a value exceeding USD 100 million, accounting for 36% of Vietnam’s total export turnover for squid and octopus, a 6% increase year-on-year. Key products include frozen cuttlefish and pre-cooked octopus.
Japan ranks second, with an export turnover of nearly USD 69 million, marking a growth rate of 19%. In this market, high-value-added products such as sashimi and pre-cooked octopus are increasingly favored, supported by stable demand and strict quality standards.
China has also shown a notable rebound after a period of decline earlier in the year. In the past two months, this market has reopened and increased imports of frozen squid and semi-processed items for the food service sector. Total export turnover to China in the first five months reached more than USD 26 million, up 2%.
The EU market has shown positive signs, with a total turnover of nearly USD 15 million over five months, up 11%. Strong growth was seen in Italy (6%), Spain (71%), and Belgium (24%).
In addition, many emerging markets such as the Philippines, UAE, Cambodia, and Canada recorded growth rates exceeding 40% compared to the same period last year, indicating strong potential in the mid-range and convenience product segments.
According to VASEP, with steady growth momentum, Vietnam’s squid and octopus exports are expected to surpass USD 700 million in 2025. To achieve this goal, businesses need to focus on deep processing, traceability, and expanding into emerging markets.
Furthermore, government support in removing domestic raw material supply barriers will be a key factor in sustainably boosting this strategic sector.
Translated by Huong Giang
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