Vietnam's seafood exports to Malaysia have shown significant variation over the years. From 2013 to 2023, the value of exports increased from $174.26 thousand to $1977.1 thousand, marking a dramatic increase. The highest growth rate was observed in 2015 with a year-on-year increase of 301.9%. However, this was followed by a decline in 2016 and minor fluctuations in subsequent years. The last two years (2022-2023) saw a year-on-year increase of 4.56%. Over the past five years, the CAGR was 5.08%, reflecting a moderate annual growth rate.
Future trends indicate continued growth in the export value, with forecasts predicting a rise to $2422 thousand by 2028, reflecting a 5-year CAGR of 3.24% and a total growth rate of 17.27% from 2023.
Future trends to watch for include potential market fluctuations due to economic and environmental factors, as well as changes in trade policies between Vietnam and Malaysia.
