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:
- Overview of Vietnam’s shrimp industry and its position in the global market
- Shrimp production trends (2021–2025)
- Shrimp exports by detailed product categories and markets (2021–2025)
- Vietnam’s shrimp imports
- Major global competitors in the shrimp market
- 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