Forecast: Fisheries Imports in Vietnam

The fisheries imports in Vietnam have shown a consistent upward trend from 2013 to 2023, with the value increasing from 901.65 million USD to 2000 million USD by 2023. Over the past two years, the year-on-year variation has been modest, with a 3.16% increase in 2022 and a 3.02% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.59%, indicating a steady growth. Forecasts from 2024 onwards suggest that the growth will continue, with a forecasted 5-year CAGR of 2.09%, and an overall growth rate of 10.89% by 2028.

Future trends to watch for include:

  • Shift in import sources due to geopolitical and economic factors.
  • Increasing demand for sustainable and eco-friendly fisheries products.
  • Technological advancements in aquaculture and fishing methods impacting import volumes.
  • Potential policy changes affecting trade dynamics and regulations in the fisheries sector.

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