The data for US seafood exports to Vietnam shows significant fluctuation over the years. In 2023, the exports stood at $49.764 million. Between 2013 and 2023, the range of year-on-year variations has varied dramatically, from highs of 412.6% (2014) to lows of -29.75% (2018). In the recent years of 2022 and 2023, the growth rates were 8.96% and 3.32% respectively, showing signs of stabilization. The last five years have seen a CAGR of 7.33%.
Looking forward, forecasts suggest a steady increase, with a 5-year CAGR predicted to be 2.46%. By 2028, exports are expected to grow by 12.91% from 2023 levels, reaching approximately $57.988 million.
Future trends to watch for:
• Geopolitical shifts affecting trade policies
• Changes in consumer demand in Vietnam
• Potential impacts of climate change on seafood supply
• Technological advancements in seafood processing and logistics
