Crustaceans production in Vietnam has shown a steady increase from 0.8469 million metric tons in 2014 to 1.13 million metric tons in 2023, marking a total growth of approximately 33.43% over the period. The year-on-year growth rate has varied, peaking in 2017 at 9.53% and hitting a low in 2020 with a decrease of 3.51%. However, the average annual growth rate over the last five years leading to 2023 has been 1.44%, indicating a more stable recent performance. For 2023, production was 1.13 million metric tons.
From 2024 onward, forecasts suggest a continued but modest growth in production, with an average annual growth rate of 1.12% over the next five years, reaching an estimated 1.21 million metric tons by 2028. The overall expected growth over the next five years is 5.74%.
Future trends to watch for include potential impacts of climate change on marine ecosystems, advancements in aquaculture technology, and shifts in global demand for seafood, which could all significantly influence Vietnam's crustaceans production trajectory. Additionally, Vietnam's ability to manage and invest in sustainable fishing practices will be crucial for long-term growth.
