The import of fresh or chilled fish to Vietnam has shown significant growth from 2013, reaching 49.59 million US dollars in 2023. Over the last five years, the CAGR was 5.55%, indicating a steady trend. The past two years saw year-on-year variations of 10.64% in 2022 and 4.76% in 2023. From 2013 to 2019, growth was robust, peaking in 2016 with a 37.25% year-on-year increase. A downturn occurred in 2020 with a -12.07% year-on-year drop, likely due to external economic factors. Recovery followed in subsequent years.
Future trends to watch for include the forecasted 17.96% growth over the next five years, with a CAGR of 3.36%. Key factors impacting these trends may include changes in dietary preferences, trade policies, and supply chain dynamics. Additionally, environmental considerations and sustainability practices in the fishing industry could significantly influence future import volumes and values. Monitoring these elements will be crucial for anticipating market shifts and making informed strategic decisions.
