The seafood export value from Thailand to Vietnam stood at USD 24.361 million in 2023, showcasing a moderate upward trend. The year-on-year growth for 2023 was 4.94%, indicating a steady rise in exports. Over the last two years, the market experienced a consistent growth trajectory with a significant 10.85% rise in 2022 and a 21.01% increase in 2021. Reviewing over the past five years from 2019 to 2023, the Compound Annual Growth Rate (CAGR) averaged at 4.68%.

Looking ahead, the forecast suggests continuous growth in seafood exports, reaching USD 30.284 million by 2028. This implies a forecasted 5-year CAGR of 3.46%, highlighting moderate growth. Future trends to watch for include:

Continued demand increase in Vietnam's seafood sector driven by rising consumer incomes and increasing dietary preferences for healthier food options.
Potential impacts from trade agreements and policies which could influence export regulations and tariffs, thereby affecting the market dynamics.
The role of technological advancements and sustainable practices in enhancing the efficiency and scale of seafood production and export processes.