Vietnam - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Vietnam - 2021
Contents:
- Frozen Fish Meat Price in Vietnam (FOB) - 2022
- Frozen Fish Meat Price in Vietnam (CIF) - 2021
- Frozen Fish Meat Exports in Vietnam
- Frozen Fish Meat Imports in Vietnam
Frozen Fish Meat Price in Vietnam (FOB) - 2022
In 2022, the average frozen fish meat export price amounted to $2,584 per ton, growing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,366 per ton), while the average price for exports to South Korea ($1,871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Meat Price in Vietnam (CIF) - 2021
The average frozen fish meat import price stood at $3,378 per ton in December 2021, increasing by 2.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2021 when the average import price increased by 9% against the previous month. As a result, import price attained the peak level of $3,662 per ton. From November 2021 to December 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were Norway ($3,448 per ton) and Myanmar ($3,448 per ton), while the price for Indonesia ($2,776 per ton) and the UK ($3,448 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Exports in Vietnam
Frozen fish meat exports from Vietnam contracted to 207K tons in 2022, waning by -5.8% on the previous year's figure. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 219K tons, and then dropped in the following year.
In value terms, frozen fish meat exports rose to $534M in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Frozen Fish Meat in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 69.0 | 74.7 | 94.0 | 101 | 13.5% |
| South Korea | 102 | 94.6 | 97.8 | 99.1 | -1.0% |
| China | 52.6 | 59.6 | 65.5 | 67.3 | 8.6% |
| Japan | 46.9 | 38.3 | 50.3 | 59.6 | 8.3% |
| Malaysia | 20.5 | 20.3 | 31.4 | 31.1 | 14.9% |
| Taiwan (Chinese) | 14.7 | 15.4 | 19.7 | 27.2 | 22.8% |
| Indonesia | 3.4 | 2.1 | 3.9 | 13.3 | 57.6% |
| Russia | 22.6 | 18.1 | 35.9 | N/A | 26.0% |
| Others | 101 | 77.7 | 116 | 136 | 10.4% |
| Total | 432 | 401 | 515 | 534 | 7.3% |
Top Export Markets for Frozen Fish Meat from Vietnam in 2022:
- South Korea (53.0K tons)
- Thailand (41.7K tons)
- China (27.3K tons)
- Japan (20.7K tons)
- Malaysia (13.0K tons)
- Taiwan (Chinese) (12.3K tons)
- Indonesia (6.7K tons)
Frozen Fish Meat Imports in Vietnam
In 2022, the amount of frozen fish meat imported into Vietnam soared to 8.6K tons, rising by 81% compared with 2021 figures. Overall, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat imports skyrocketed to $36M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Meat in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 13.5 | 10.7 | 8.0 | 29.3 | 29.5% |
| Pakistan | N/A | 0.4 | 2.7 | 1.2 | 73.2% |
| Myanmar | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Sri Lanka | 0.2 | 0.8 | 0.5 | 0.5 | 35.7% |
| Poland | 1.8 | 1.2 | 0.4 | 0.4 | -39.4% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Indonesia | 0.6 | 0.2 | 0.4 | N/A | -18.4% |
| Others | 4.3 | 2.9 | 3.0 | 2.4 | -17.7% |
| Total | 20.7 | 16.4 | 15.3 | 36.0 | 20.3% |
Top Suppliers of Frozen Fish Meat to Vietnam in 2022:
- Norway (5189.1 tons)
- Myanmar (823.7 tons)
- Pakistan (364.0 tons)
- Sri Lanka (255.6 tons)
- Taiwan (Chinese) (163.3 tons)
- Poland (146.5 tons)
- South Korea (131.3 tons)
- Indonesia (28.5 tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)
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.
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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
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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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