Forecast: Pelagic Fish Export Volume in Vietnam

The export volume of pelagic fish in Vietnam has exhibited significant fluctuations over the past decade, peaking notably in the mid-2010s and trending upward since 2021. As of 2023, the volume stands at 186.71 thousand metric tons, reflecting a year-on-year increase of 3.77%. Examining the five-year span preceding 2023, the compound annual growth rate (CAGR) is 3.98%, indicating moderate yet consistent growth. The forecasted CAGR for the next five years is 2.75%, projecting a total growth of 14.53% by 2028.

Future trends to watch for:

  • Potential impacts of climate change on marine ecosystems, affecting fish stock availability.
  • Fluctuations in global demand and trade policies, which could influence export volumes.
  • Vietnam's advancements in sustainable fishing practices and aquaculture technology.

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