Vietnam's seafood exports to China have shown significant fluctuation between 2013 and 2023. As of 2023, these exports stood at $66.23 million. Year-on-year variations have showcased both dramatic increases and decreases, with notable growth spurts in 2016 and 2018, but decline in 2015 and 2017. Over the last two years, the year-on-year growth rate was relatively modest at around 5%, indicating a stabilization in exports.
Between 2018 and 2023, the compound annual growth rate (CAGR) was moderate at approximately 2.26%, reflecting a period of more measured but steady growth after earlier volatility. Looking further ahead, forecast data suggests a steady annual increase averaging around 3.52%, leading to an expected growth rate of 18.88% by 2028.
Future trends to watch for:
- Potential impacts of trade agreements and international relations on export volumes.
- Changes in China's demand for seafood and its impact on import volumes.
- Technological advancements and sustainability efforts in Vietnam's seafood industry.
- Economic and environmental factors influencing both supply chains and market demands.