Key Market Indicators
Vietnam's fish production is projected to reach approximately 5.2 million metric tons by 2028, up from 4.9 million metric tons in 2023, according to recent industry forecasts. This marks a steady annual growth rate of 1%. Since 1965, the nation's fish supply has seen a consistent year-on-year increase of 3.3%. On the consumption side, Vietnamese fish consumption is expected to hit around 270,000 metric tons by 2028, rising from roughly 246,000 metric tons in 2023. This represents an average annual growth rate of 1.5%. Since 2019, Vietnam's fish demand has grown at an annual rate of 2.4%. In 2023, the country ranked 25th in global fish consumption, with Ukraine surpassing it with the same consumption figure of 246,000 metric tons. In the global ranking, Japan, the Philippines, and Thailand secured the second, third, and fourth positions, respectively.
