The seafood export market from Vietnam to India witnessed notable fluctuations over the last decade. While there was a drastic decline in exports from 2013 to 2016, 2017 marked a significant boost in value, with exports surging by 260.31%. This growth trajectory continued, peaking in 2022 at $106.95 thousand. In 2023, seafood exports stood at $112.21 thousand, reflecting a modest year-on-year growth of 4.92%. The forecast indicates a steady growth trend, with the market expected to reach $139.39 thousand by 2028. The compound annual growth rate (CAGR) from 2024-2028 is projected at 3.45%, while the overall growth rate for this period is 18.5%.

Future trends to watch for:

Potential trade policy changes between Vietnam and India which could impact export volumes.
The effects of sustainable fishing practices on export capacities.
Shifts in consumer preferences in India towards different types of seafood.
Impact of global economic conditions on export revenues.
Technological advancements in fisheries and supply chain efficiencies.