The report, titled "Fish to 2030: Prospects for Fisheries and Aquaculture," predicts the state of world trade over the next 16 years, and concluded that by 2030 aquaculture will provide close to two-thirds of global food fish consumption.
The report cites "an emerging global middle class, especially in China" as the reason for a predicted increase in demand for seafood in the coming decades. Asia in particular, according to the report, is expected to make up 70 percent of global fish consumption by 2030. Even sub-Saharan Africa's population is expected to grow enough to see a 30 percent rise in total fish consumption in the region.
"With the world's population predicted to increase to 9 billion people by 2050 — particularly in areas that have high rates of food insecurity — aquaculture, if responsibly developed and practiced, can make a significant contribution to global food security and economic growth," said Árni M. Mathiesen, assistant director-general of FAO's Fisheries and Aquaculture Department.
Similar trends in aquaculture point to tilapia, carp and catfish being leading growth species leading up to 2030, according to Siwa Msangi of IFPRI, one of the report's authors.
"Comparing this study to a similar study we did in 2003, we can see that growth in aquaculture production has been stronger than what we thought," Msangi said.
Juergen Voegele, the World Bank's director of agriculture and environmental services, said the predicted trends mean that aquaculture providers need to begin working today on ensuring that seafood production is done sustainably and efficiently.
"Supplying fish sustainably — producing it without depleting productive natural resources and without damaging the precious aquatic environment — is a huge challenge," he said. "We continue to see excessive and irresponsible harvesting in capture fisheries and in aquaculture, disease outbreaks among other things, have heavily impacted production. If countries can get their resource management right, they will be well placed to benefit from the changing trade environment."
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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