DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Assessment of Vietnam's Seafood Market 2017" report to their offering.
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.
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.
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.
Key Topics Covered:
1. Vietnam Country Snapshot
2. Vietnam Seafood Market
3. List of Charts and Graphs
4. Research Methodology
For more information about this report visit http://www.researchandmarkets.com/research/zpx2n9/assessment_of
