Tridge summary
Vietnam's squid and octopus exports experienced a 7% increase in 2021 compared to the previous year, totaling over 600 million USD. The exports were predominantly squid (52%) and octopus (48%). The top 10 markets for these products included Korea, Japan, Thailand, China, Hong Kong, Italy, the US, Malaysia, and Taiwan. Australia and the Netherlands accounted for 97% of the total exports. Korea was the largest market, importing 41% of the total export value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Vietnam squid and octopus exports rise. According to data of Vietnam Customs, Vietnam’s exports of squid and octopus as of November 2021 reached over US$543 million, up 7% over the same period in 2020. Export of squid and octopus in December 2021 was estimated at over 60 million USD, up 10%. Accordingly, for the whole year of 2021, exports have witnessed over 600 million USD, up 7% compared to 2020. Regarding the structure of export products, the export value of squid and cuttlefish accounted for 52%, while octopus exports accounted for 48%. In the context of the prolonged Covid-19 epidemic, the market’s demand is still leaning towards squid and octopus products that are reasonably priced, easy to process, have a long shelf life, and are suitable for processing and consumption. consumed at home such as: dried squid, dried octopus, frozen octopus… The top 10 single markets that imported the most cephalopods from Vietnam in the first 11 months of this year were Korea, Japan, ...
Source: Fish Focus
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.