The import of meat, fish, and seafood food preparations to Vietnam has shown a fluctuating trend over the past decade, with a notable surge in value in 2017 and a steady increase in recent years. In 2023, the import stood at approximately 71.44 million USD. The year-on-year variations have ranged from a steep decline of 48.16% in 2013 to a significant increase of 171.99% in 2014. Over the last two years, the year-on-year growth rates were 5.12% in 2023 and 5.51% in 2022.
The compound annual growth rate (CAGR) over the past five years has been relatively modest at 6.02%. Looking ahead, the forecasted CAGR for the next five years is estimated at 3.25%, with an overall growth rate of 17.32% by 2028.
Future trends to watch for include:
- Rise in demand for imported meat, fish, and seafood as consumer preferences shift towards diverse food options.
- Impact of trade policies and tariffs on import volumes and values.
- Fluctuations in international market prices affecting import costs.
- Potential effects of global and regional economic conditions on import dynamics.
