Vietnam's seafood exports to Italy in 2023 stood at $257.89 thousand, reflecting a slight year-on-year decrease of 0.42%. Over the last five years, the compound annual growth rate (CAGR) has shown a decline of 1.05%. This negative trend contrasts with earlier years, like 2017, where there was a significant increase of 140.83%. The forecast for the next five years presents a continued gradual decline, with a projected CAGR of -0.35% and an overall growth rate decrease of 1.71% by 2028.
Future trends to watch for:
- The impact of global economic conditions on seafood demand in Italy.
- Changes in European Union trade policies affecting Vietnamese exports.
- Fluctuations in seafood supply and production in Vietnam.
