Vietnam's crustaceans export volume experienced fluctuations between 2014 and 2023. The volume peaked in 2014 at 672.41 thousand metric tons and generally declined, with some intermittent recoveries. The export volume in 2023 stood at 550.06 thousand metric tons, a slight decrease of 0.96% from the previous year. Over the last five years, the compound annual growth rate (CAGR) was -1.31%, indicating a downward trend.
Key variations in annual export volumes:
- Major drop of 20.61% in 2015, followed by a smaller decline of 5.8% in 2016.
- Notable recovery in 2017 with a 16.83% increase.
- Slight decrease in 2019 by 2.63% and significant drop in 2020 by 17.82%.
- Positive growth in 2021 by 13.34% and 2022 by 4.24%.
- Small decrease in 2023 by 0.96%.
The forecasted data suggests a continued gradual decline in export volumes from 2024 onwards, with the volume projected to reach 520.64 thousand metric tons by 2028. The 5-year CAGR from 2024 to 2028 is forecasted at -0.81%, with an overall decrease in volume of 3.98% by 2028 from 2023 levels.
Future trends to watch for include:
- Market demand shifts and global trade policies impacting export volumes.
- Environmental factors and sustainable practices in crustacean farming.
- Technological advancements in aquaculture and processing.
