Vietnam Seafood Market Outlook 2026
In 2026, Vietnam’s seafood industry is navigating two contrasting trends: marine capture fisheries face mounting pressure from rising fuel costs and stricter exploitation policies, while aquaculture continues to deliver stable growth thanks to strong export demand and favorable pricing. This divergence is expected to push domestic prices of wild-caught seafood higher, while farmed seafood remains the backbone of supply stability.
1. Marine Capture Fisheries
- Rising fuel costs: Escalating oil prices have forced many fishing vessels to dock, as operating expenses outweigh profits.
- Reduced exploitation policies: The industry is gradually shifting away from capture fisheries to protect marine resources, with a strategic pivot toward sustainable aquaculture.
- Export growth targets: Despite challenges, Vietnam aims for 10 million tons of seafood output and USD 11.5 billion in export value in 2026.
- Key challenges: Trade barriers, traceability requirements, environmental standards, and high production costs continue to weigh on businesses.
Price trends:
- Domestic prices of wild-caught seafood (marine fish, squid, black) are forecast to rise 5 –15% due to supply shortages.
- Export of capture fisheries will face greater hurdles but remain a significant contributor to overall revenue.
2. Aquaculture
- Stable growth: In the first two months of 2026, aquaculture maintained momentum, supported by favorable selling prices and reliable domestic food supply.
- Global outlook: The farmed seafood market is projected to grow steadily from 2026–2034, becoming the sector’s primary growth driver.
- Key products: Whiteleg shrimp, pangasius, and basa fish remain leading export items, especially to the US, EU, and China.
- Technology & sustainability: Adoption of green, circular, and renewable-energy models is helping reduce costs and meet international standards.
Price trends:
- Domestic aquaculture prices are expected to remain stable, with a modest 5–10% increase due to feed and energy costs.
- Export growth from aquaculture will continue to dominate, underpinning the USD 11.5 billion export target.
3. Conclusion
- Marine capture fisheries: Shrinking supply, rising domestic prices, and heavy pressure on fishermen.
- Aquaculture: Sustained growth, stable supply, and the sector’s emerging role as the industry’s cornerstone.
Looking ahead, Vietnamese consumers will face noticeably higher prices for wild-caught seafood, while aquaculture ensures market balance. Export-oriented enterprises must prioritize high-tech, sustainable aquaculture to capture global demand and reduce reliance on capture fisheries.
For further information on Vietnam seafood supply and pricing trends, please feel free to contact us.
By: Jesse
Source: compiled from various sources
