The first two months of 2025 have shown positive signals for Vietnam's seafood export industry, with total revenue reaching USD 1.423 billion, reflecting an impressive 18.2% growth compared to the same period in 2024. February 2025, in particular, witnessed a remarkable surge, with export value reaching USD 655.197 million, up 42.6% year-on-year.
Shrimp: Strong Growth Momentum
Shrimp continues to be the brightest spot in Vietnam's seafood exports, demonstrating robust growth:
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Total export value in Jan-Feb 2025: USD 542.387 million (+30.8%)
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February 2025 exports: USD 231.406 million (+33.9%)
The shrimp industry is clearly regaining momentum following the challenges of low prices in 2023-2024. This recovery signals strong demand and an optimistic outlook for the coming months.
Pangasius: Rising Prices Amid Underlying Risks
Pangasius exports totaled USD 253.241 million, reflecting a slight 0.8% decline compared to the previous year. However, February 2025 brought signs of short-term recovery with an export value of USD 120.057 million (+32.8%).
Key market trends:
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Highest price in three years: Commercial-sized pangasius (1kg+) is priced at 32,000-33,000 VND/kg.
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Profitable margins: Farmers are seeing gains of 2,000-3,500 VND/kg.
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Steady export demand: Since late 2024, businesses have secured strong orders through at least June 2025.
Despite these positive signals, the supply-demand balance remains a concern, requiring close monitoring.
Other Seafood Products: Expanding Potential
Beyond shrimp and pangasius, other seafood categories are also showing notable growth:
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Various fish: USD 302.783 million (+13.6%)
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Squid & octopus: USD 101.009 million (+13.8%)
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Mollusks: USD 39.089 million (+121.6%)
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Crabs: USD 62.762 million (+86.1%)
Mollusks and crabs are particularly outperforming due to high demand from China, reflecting shifting consumption trends in key markets.
Outlook for 2025
With strong growth in key sectors, particularly shrimp and high-value products like mollusks and crabs, Vietnam’s seafood exports are on a positive trajectory. However, market fluctuations—including price trends and supply risks in the pangasius sector—require careful strategic planning.
Stay tuned for further updates on Vietnam’s seafood export performance in the coming months.
