Vietnam's squid and octopus export value grew by 18% year-on-year in the first four months of this year

In major export markets, exports to Japan, Thailand, and the United States grew significantly, with slight increases to South Korea and the European Union, while exports to Mainland China and Hong Kong declined.

Vietnam's squid and octopus exports primarily face challenges in ensuring sufficient raw material sources and addressing high production input costs. Global consumer demand is weakening as consumers tighten spending.

Ongoing geopolitical conflicts further complicated the market.

These tensions have led to increased transportation costs, which in turn affect the industry's profit margins.

The global squid and octopus market in 2025 is experiencing significant fluctuations, with broader factors such as climate change having an impact. For example, the El Niño phenomenon at the end of 2024 disrupted squid population regeneration, causing localized supply shortages.

The cephalopod industry also faces challenges of overfishing and illegal, unreported, and unregulated (IUU) fishing, which requires stricter management measures globally.

Experts suggest that due to stable demand in major markets and rising prices, Vietnam's squid and octopus exports are expected to maintain a growth trajectory in the second half of 2025.