Vietnam - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Vietnam - 2022
Contents:
- Frozen Crustaceans Price in Vietnam (FOB) - 2022
- Frozen Crustaceans Price in Vietnam (CIF) - 2022
- Frozen Crustaceans Exports in Vietnam
- Frozen Crustaceans Imports in Vietnam
Frozen Crustaceans Price in Vietnam (FOB) - 2022
The average frozen crustaceans export price stood at $8,937 per ton in December 2022, remaining stable against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 3.2% against the previous month. The export price peaked in December 2022.
Average prices varied noticeably for the major overseas markets. In December 2022, the highest price was recorded for prices to Japan ($9,180 per ton) and the UK ($9,013 per ton), while the average price for exports to the Netherlands ($8,785 per ton) and Belgium ($8,799 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Vietnam (CIF) - 2022
In December 2022, the average frozen crustaceans import price amounted to $9,428 per ton, standing approximately at the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 4.7% against the previous month. As a result, import price reached the peak level of $9,841 per ton. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($12,529 per ton), while the price for Indonesia ($7,853 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Vietnam
After three years of growth, overseas shipments of frozen crustaceans decreased by -4.9% to 257K tons in 2022. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of 270K tons, and then shrank slightly in the following year.
In value terms, frozen crustaceans exports soared to $2.7B in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Crustaceans in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 269 | 255 | 459 | 337 | 7.8% |
| Japan | 295 | 314 | 302 | 337 | 4.5% |
| South Korea | 188 | 208 | 227 | 292 | 15.8% |
| China | 219 | 178 | 121 | 253 | 4.9% |
| Australia | 56.2 | 78.0 | 122 | 206 | 54.2% |
| Germany | 55.1 | 70.5 | 90.4 | 116 | 28.2% |
| Canada | 75.7 | 97.9 | 91.6 | 108 | 12.6% |
| United Kingdom | 102 | 106 | 113 | 96.4 | -1.9% |
| Hong Kong SAR | 71.6 | 59.6 | 66.2 | 68.2 | -1.6% |
| Belgium | 28.3 | 34.7 | 43.1 | 67.1 | 33.3% |
| Netherlands | 49.6 | 62.4 | 57.5 | 62.5 | 8.0% |
| France | 39.8 | 29.6 | 33.8 | 42.4 | 2.1% |
| Taiwan (Chinese) | 31.6 | 29.4 | 20.6 | 34.1 | 2.6% |
| Others | 552 | 487 | 563 | 669 | 6.6% |
| Total | 2,033 | 2,011 | 2,310 | 2,688 | 9.8% |
Top Export Markets for Frozen Crustaceans from Vietnam in 2022:
- China (38.6K tons)
- South Korea (31.4K tons)
- Japan (27.3K tons)
- United States (24.3K tons)
- Australia (17.3K tons)
- Germany (10.2K tons)
- United Kingdom (8.5K tons)
- Canada (8.3K tons)
- Hong Kong SAR (7.6K tons)
- Belgium (6.7K tons)
- Netherlands (6.2K tons)
- Taiwan (Chinese) (4.1K tons)
- France (4.0K tons)
Frozen Crustaceans Imports in Vietnam
In 2022, frozen crustaceans imports into Vietnam soared to 80K tons, growing by 84% on the year before. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen crustaceans imports soared to $567M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Crustaceans in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.1 | 0.2 | 0.6 | 567 | 701.8% |
| Ecuador | 8.9 | 15.3 | 34.8 | N/A | 97.7% |
| Argentina | 25.5 | 32.4 | 26.2 | N/A | 1.4% |
| India | 159 | 190 | 267 | N/A | 29.6% |
| Canada | 33.9 | 22.2 | 18.7 | N/A | -25.7% |
| Others | 62.1 | 61.1 | 55.1 | N/A | -5.8% |
| Total | 290 | 322 | 402 | 567 | 25.0% |
Top Suppliers of Frozen Crustaceans to Vietnam in 2022:
- Myanmar (80.0K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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