The import volume of freshwater fish in Vietnam has shown significant growth over the past decade. In 2023, the volume reached 85.82 thousand metric tons. Between 2014 and 2017, there was a notable surge, peaking at a dramatic 62.5% year-on-year increase in 2017. Following a dip in 2020, imports rebounded in 2021. Over the last two years, the growth has been moderate, with a 3.22% increase in 2023. The Compound Annual Growth Rate (CAGR) for the last five years leading up to 2023 stands at 3.08%, indicating steady growth.
For the future, forecasts indicate a continued upward trend, albeit at a slower pace with a five-year forecasted CAGR of 2.39% from 2024 to 2028. By 2028, the import volume is expected to reach 99.56 thousand metric tons, representing a 12.54% growth from 2023 levels.
- Notable growth spikes: 2016 (+9.27%), 2017 (+62.5%)
- Moderate growth post-2021: 2022 (+8.84%), 2023 (+3.22%)
- Steady future forecast with a 2.39% CAGR over the next five years
Future trends to watch for include potential impacts of environmental policies, shifts in consumer preferences towards sustainable sourcing, and changes in international trade dynamics influencing import volumes.
