Vietnam dominates Singapore's frozen fish fillet and processed fish market

According to the Vietnam Trade Office in Singapore, among the top 15 seafood exporting countries to the Singapore market in 2024, Malaysia continues to be the leader, followed by Indonesia in 2nd place, Norway in 3rd place, China in 4th place, and Vietnam for the first time surpassed Japan to maintain 5th place for 12 consecutive months. In 2024, Singapore imported seafood from nearly 100 countries and territories with a total turnover of about SGD 1.17 billion, down 2.58% compared to the same period in 2023. The seafood market share of the Singapore market is generally still divided equally among partners because each country has its own export strengths. Of which, the 6 countries with the largest market share account for 9-13%, including: Malaysia (13%), Indonesia (11%), Norway (10%), China (10%), Vietnam (10%) and Japan (9%). Each country has its own strengths and dominates different segments in the Singapore market. Specifically, Malaysia has strengths in fresh fish, ...