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

Published 2025년 1월 24일

Tridge summary

In 2024, the Singapore seafood market saw a slight decrease in total turnover, with Malaysia leading among the top 15 exporting countries. Indonesia, Norway, China, and Vietnam followed, with Vietnam surpassing Japan for the 12th consecutive month. The market was dominated by Malaysia (32%) and Norway (10%) in fresh fish and chilled fish products respectively, while Vietnam led in frozen fish fillets and processed fish. However, Vietnam's import turnover to Singapore experienced growth in mollusks but a decrease in other categories like fresh and frozen fish, aquatic products. To increase its market share and value, Vietnam has been urged to focus on improving product quality.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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, ...

Source: Agriculture