In 2023, the fish meal supply in Vietnam stood at 700.0 thousand metric tons. Forecasts from 2024 to 2028 show a steady increase in supply:
- 2024: 710.0 thousand metric tons, a year-on-year increase of 1.43% from 2023
- 2025: 719.0 thousand metric tons, a year-on-year increase of 1.27%
- 2026: 728.0 thousand metric tons, a year-on-year increase of 1.25%
- 2027: 736.0 thousand metric tons, a year-on-year increase of 1.10%
- 2028: 744.0 thousand metric tons, a year-on-year increase of 1.09%
The compound annual growth rate (CAGR) over the last five years is projected to be around 1.24% per year.
Future trends to watch for:
- Potential changes in regulatory policies affecting fishery operations
- Advances in fish farming technologies
- Fluctuations in global fishmeal demand and prices
- Environmental impacts and sustainable fishing practices
