Forecast: Freshwater Fish Demand in Vietnam

Freshwater fish demand in Vietnam experienced fluctuations from 2014 to 2023, with a notable increase after a dip in 2020. In 2023, the demand stood at 1.53 million metric tons, growing 1.31% year-on-year. The average annual growth (CAGR) over the last 5 years was 1.29%. Projections indicate a continued steady growth, reaching 1.63 million metric tons by 2028, reflecting a forecasted 5-year CAGR of 1.05%.

Future trends to watch for:

  • Potential impacts of climate change on fish habitats and supply.
  • Technological advancements in aquaculture increasing productivity.
  • Shifts in consumer preferences toward sustainable and locally-sourced fish.
  • Regulatory changes and government initiatives supporting the aquaculture sector.

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