In January 2025, Vietnam's total seafood export value reached US$774.3 million, an increase of 3.3% compared to the same period in 2024, which is a positive result.
Seafood exports show positive results at the beginning of the year.
According to information from the Vietnam Association of Seafood Processing and Export (VASEP), shrimp continued to be the fastest-growing product in January 2025, with export value reaching US$273.349 million, accounting for 35.3% of total seafood export turnover.
Reports from Rabobank indicate that the global shrimp industry is undergoing a rebalancing phase as producing countries slow production growth to narrow the supply-demand gap. This is expected to help shrimp prices gradually recover in the first half of 2025, especially as demand from markets such as the US and EU improves.
However, the Chinese market, one of Vietnam's major shrimp trading partners, is facing a decline in consumer demand. Changes in the spending habits of the middle class, coupled with increasing income pressure, have led to a decrease in consumption of white shrimp, particularly in major cities. Competition from cheaper seafood products and a preference for other food items could impact shrimp exports to China in the coming months.
 |
| Vietnam's seafood exports showed positive results in the first month of the year. |
As for Vietnamese pangasius exports, they continue to face difficulties in the first month of 2025, despite strong price growth due to limited supply. Although demand from markets such as China and the EU remains stable, the shortage of fingerlings and fluctuations in international tariffs, especially anti-dumping duties, could negatively impact the growth potential of pangasius exports this year.
The limited supply of pangasius, combined with volatility in export markets, could lead to an increase in export value in the short term. However, raw material shortages and changes in tariff policies could create a challenging environment for the pangasius industry in the future.
The Vietnamese tuna industry faced a decline in exports in January 2025, with a decrease of 10.2%. However, with the steady growth of demand for tuna products in markets such as the US and EU, the industry is expected to have opportunities for recovery in 2025. The biggest opportunity comes from changes in tariff policies of major markets, especially the US, where tariff measures could help Vietnamese tuna products become more competitive compared to other imported products.
According to VASEP's assessment, the tuna industry currently still faces many challenges that need to be addressed to create momentum for further development. For fishermen, the challenge is to ensure they comply with legal regulations, including IUU (Illegal, Unreported, and Unregulated) fishing, while also providing incentives to increase fishing activities and reinvest to expand their operations further offshore. For businesses, it is necessary to continue reviewing and improving the procedures for issuing S/C and C/C certificates to resolve shortcomings that have arisen in the past…
In addition, the tuna industry needs to focus on developing sustainable production models, expanding markets through improving product quality, and cooperating with other countries to exploit marine resources efficiently.
The global seafood market is expected to experience significant volatility.
According to the Vietnam Association of Seafood Processing and Export (VASEP), Vietnam's export market is experiencing a significant disparity in consumption trends. While the Chinese and Hong Kong markets are experiencing strong growth of 64.9%, the US and EU markets are facing difficulties with declines of 16.0% and 17.6% respectively.
 |
| In January 2025, Vietnam's total seafood export value reached US$774.3 million. |
The decline in US consumption, due to President Donald Trump's tariffs on imported seafood products, is likely to impact demand for Vietnamese seafood products, particularly shrimp and salmon. However, increased demand for easily processed seafood products, such as frozen shrimp, may help offset some of the decline in consumption of premium products.
On the other hand, the ASEAN market recorded stable growth with an increase of 10.5%, indicating that the potential from Southeast Asian countries remains a bright spot in Vietnam's seafood exports. The Middle East and other markets experienced a decline in consumption, requiring Vietnamese seafood businesses to adjust their export strategies accordingly.
In 2025, the global seafood market is projected to experience significant volatility, with factors such as changing consumer habits, tariff policies, and supply and demand fluctuations impacting Vietnam's seafood exports. In particular, a decline in demand in major markets like China and the US will pose a significant challenge to products such as shrimp, pangasius, and tuna.
However, with increasing demand from ASEAN markets and supportive tariff policies from major countries, Vietnam's fisheries sector can still maintain its growth momentum in 2025. Developing value-added products, improving product quality, and expanding into new export markets will be decisive factors for the sustainable development of Vietnam's fisheries sector in the future.
| In 2024, Vietnam's fisheries sector achieved impressive results, with export turnover reaching US$10 billion, a 12% increase compared to 2023. Key products all showed positive growth, such as: shrimp (up 14%); tuna (up 17%); and pangasius (up 10%). |
Source: https://congthuong.vn/xuat-khau-thuy-san-kha-quan-trong-thang-dau-nam-372659.html
Comment (0)