Pelagic fish production in Vietnam has seen significant growth over the years. The data reveals that from an initial value of 87.93 thousand metric tons in 2014, production increased sharply to 651.47 thousand metric tons by 2023, showing a significant year-on-year and compound annual growth rates (CAGR). The production experienced a noticeable rise in 2015 and remained generally upward from 2016, with a consistent increase in the last five years at a CAGR of 5.79%. Year-on-year variations highlight key fluctuations, particularly in 2015 with a 399.72% increase, while 2022 and 2023 saw 10.47% and 4.62% increases, respectively.

Future Trends to Watch For:

From 2024, production is forecasted to continue growing, reaching 785.69 thousand metric tons by 2028.
The projected 5-year CAGR from 2023 to 2028 is estimated at 3.02%, indicating steady but slightly slower growth.
Overall growth in the forecast period is predicted to be 16.02%.