Vietnam shrimp industry report 2021–2025: Overview and outlook to 2030

News 10:51 13/03/2026
Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.

Vietnam shrimp industry report 2021–2025: Overview and outlook to 2030

 

The period 2021–2025 has been a time of significant volatility for Vietnam’s shrimp industry as well as the global shrimp market. After strong growth during the COVID-19 pandemic, the global shrimp market entered a period of adjustment from 2023, driven by global inflation, high inventories in major importing markets, and a sharp increase in supply from major producing countries such as Ecuador and India. These factors created considerable challenges for Vietnam’s shrimp industry in maintaining export growth.

However, the Vietnamese shrimp sector has demonstrated a notable ability to adapt to market fluctuations. After a sharp decline in 2023, shrimp exports gradually recovered in the following years and reached a record value of USD 4.6 billion in 2025, reaffirming the shrimp sector’s role as the pillar of Vietnam’s seafood exports.

In terms of product structure, whiteleg shrimp continued to be the dominant product, accounting for the largest share of total export value. In addition, products in the other shrimp category, particularly lobster, have recorded strong growth in recent years thanks to rising demand from China and several Asian markets.

Regarding markets, the United States, Japan, the EU, China, and South Korea remain the most important importers of Vietnamese shrimp. Among them, China has emerged as one of the fastest-growing markets in recent years due to strong demand for large-sized shrimp and lobster. Meanwhile, traditional markets such as Japan and South Korea continue to maintain stable consumption of processed shrimp products.

In an increasingly competitive global shrimp market, Vietnam faces several challenges, including high production costs, increasingly stringent requirements on environmental standards and sustainable development, and growing competition from lower-cost shrimp-producing countries.

To provide businesses and policymakers with a comprehensive view of the development of Vietnam’s shrimp industry, the Vietnam Association of Seafood Exporters and Producers (VASEP) has compiled the Vietnam Shrimp Industry Report 2021–2025 with an outlook to 2030.

The report focuses on the following key topics:

  1. Overview of Vietnam’s shrimp industry and its position in the global market
  2. Shrimp production trends (2021–2025)
  3. Shrimp exports by detailed product categories and markets (2021–2025)
  4. Vietnam’s shrimp imports
  5. Major global competitors in the shrimp market
  6. Opportunities, challenges, and development outlook for the shrimp industry to 2030

Through a comprehensive system of statistical data and market analysis, the report aims to provide businesses, policymakers, and research institutions with valuable reference information for strategic planning in production, business, and market development in the coming years.

VASEP cordially invites businesses and interested readers to register for the Vietnam Shrimp Industry Report 2021–2025 with an outlook to 2030.

Contact: Ms. Hai Yen Phone: +84 8 5858 2626 Email: nguyenyen@vasep.com.vn

Or register via the following link: https://vasep.com.vn/ban-tin-bao-cao/bao-cao-san-pham-thuy-san/bao-cao-nganh-hang-tom-2021-2025-du-bao-den-nam-2030-26614.html

vietnam shrimp industry report 2021-2025 outlook to 2030 vasep shrimp exports

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Vietnam’s scallop exports surge amid global supply chain restructuring

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Australia: a promising market for Vietnamese shrimp amid global trade volatility

 |  09:05 25/03/2026

(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.

Squid and Octopus Exports Show Strong Start in Early 2026, but Pressures Persist

 |  11:23 23/03/2026

(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.

Shrimp output reaches 132.6 thousand tons in the first two months of 2026

 |  09:13 21/03/2026

(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.

Vietnam’s tilapia exports surge across multiple markets in February 2026

 |  09:09 19/03/2026

(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.

Sensory Evaluation in Compliance with US FDA Standards: VASEP Launches 3 International Training Courses for Vietnam’s Seafood Businesses

 |  08:50 17/03/2026

(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.

Vietnam shrimp industry report 2021–2025: Overview and outlook to 2030

 |  10:51 13/03/2026

Shrimp has been the most important export product of Vietnam’s seafood industry for many years, typically accounting for 35–45% of the country’s total seafood export value. With a well-developed farming, processing, and export system, Vietnam has become one of the world’s leading shrimp exporters.

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