Assessment of Vietnam's Seafood Market 2017

  • ID: 4203016
  • Report
  • Region: Vietnam
  • 25 Pages
  • Smart Research Insights
20 % OFF
until Jun 30th 2018
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Vietnam Exports Seafood to Almost 164 Markets with Key Markets Being the United States, EU, Russia, Japan, China and South Korea

The fishery sector is one of the most important sectors of the Vietnamese economy. The country exports seafood to almost 164 markets with key markets being the United States, EU, Russia, Japan, China and South Korea.

Main items forming Vietnam’s seafood export include shrimps, striped catfish and hard clams. Vannamei production is around 90% while black tiger constitutes the remaining 10% of shrimp production in the country. The country’s seafood sector currently faces many challenges but the industry is restructuring itself and diversifying towards various export markets.

In Vietnam, average per year consumption of seafood is approximately 27 kg per person, and this is expected to grow by close to 5.37% annually in the period 2011-20. The country’s seafood sector currently faces many challenges but the industry is restructuring itself and diversifying towards various export markets.

In 2016, the seafood sector exports earned USD 7 billion out of which shrimp exports contributed USD 3.13 billion. It is projected that in 2017, exports will witness slower growth as compared to 2016. Factors responsible for this include drop in import demands from key markets including the United States, the European Union and Japan.

Our analysts believe that the seafood sector in Vietnam is set for rapid growth and development. The sector need to avoid scattered investment and focus on the key export markets. Efforts also need to be directed towards looking for new export markets in through coordination with chambers of commerce of Vietnam in foreign countries. Also the players need to develop reliable raw material sources.

Why should the report be purchased?

The report ‘Assessment of Vietnam's Seafood Market 2017’ highlights key dynamics of Vietnam’s seafood market. The potential of the sector has been investigated along with market drivers.The current market scenario and future prospects of the sector has also been studied. The report contains industry experts latest opinions on the seafood market.

Research methodology and delivery time

The author has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.

The report is available as single-site single-user license/enterprise wide license and the delivery time for the electronic version of the report is 3 business days. The dispatch time for hard copies is 4 business days, as each hard copy is custom printed for the client.

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1. Vietnam Country Snapshot
1.1 GDP & Economic Growth
1.2 Demographics
1.3 Economic Sectors Overview

2. Vietnam Seafood Market
2.1 Overview
2.2 Market Statistics & Performance
2.2.1 Production
2.2.2 Exports - United States, European Union, China, Japan
2.3 Market Drivers
2.4 Challenges
2.5 Outlook

3. List of Charts and Graphs

4. Research Methodology

List of Charts and Graphs

  • Vietnam GDP (2006-2015, USD billion)
  • Vietnam Total Population (million, 2004-2016)
  • Vietnam Share of Economic Sectors in the GDP (2014, %)
  • Vietnam Distribution of GDP across economic sectors (%, 2005 to 2015)
  • Production of Seafood in Vietnam from 2005 to 2015 (in million tons)
  • Vietnam Seafood Export (USD Billion, 2013-2017E)
  • Vietnam Seafood Exports Value by Countries (USD million, March 2015)
  • Vietnam Export to US by Products (Jan-Oct 2014, %)
  • United States Distribution Share of Shrimp Import Volume by Exporter (2014, %)
  • Leading Fish and Seafood Supplier Countries to Japan by Import Value (2015, billion Canadian dollars)
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