Vietnam's seafood exports saw contrasting trends in January 2025, reaching USD 774 million, a 3.3% increase compared to the same period last year. While shrimp exports experienced strong growth, pangasius exports faced significant challenges.
Shrimp Exports: A Strong Start to 2025
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Total Export Value: USD 273 million (+13%).
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Market Share: 35% of total seafood exports.
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Key Growth Drivers:
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Strong demand from the U.S. and EU.
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Global shrimp prices expected to recover due to industry rebalancing.
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Challenges:
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Shrimp exports to China declined due to changing middle-class spending habits and financial pressures.
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Increasing competition from cheaper seafood alternatives and shifting food preferences.
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Pangasius Exports: Facing Difficulties
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Total Export Value: USD 141 million (-13.9%).
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Key Challenges:
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Shortage of fingerlings, impacting supply.
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Fluctuating tariffs and anti-dumping duties restricting trade.
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Other Key Market Insights
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Tuna Exports: Declined by 10.2%, but a potential recovery is expected due to anticipated tariff adjustments in the U.S.
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ASEAN Market: Steady growth of 10.5%, indicating strong regional demand and emerging opportunities.
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U.S. & EU Markets:
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Exports to the U.S. fell by 16% due to tariff impacts and shifting consumer demand.
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Exports to the EU dropped by 17.6%, reflecting changing market dynamics.
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Looking Ahead
Vietnam's seafood industry remains resilient despite market fluctuations. The growth in shrimp exports signals a promising year ahead, while the pangasius sector will need strategic adjustments to overcome supply and tariff challenges. With careful market navigation and continued industry support, Vietnam’s seafood exports are poised for further expansion.
Source: Vietfish Magazine
