Vietnam - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Vietnam - 2021
Contents:
- Frozen Fish Price in Vietnam (FOB) - 2022
- Frozen Fish Price in Vietnam (CIF) - 2022
- Frozen Fish Exports in Vietnam
- Frozen Fish Imports in Vietnam
Frozen Fish Price in Vietnam (FOB) - 2022
The average frozen fish export price stood at $3,344 per ton in 2022, reducing by -2.5% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish export price decreased by -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 33%. The export price peaked at $3,517 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,053 per ton), while the average price for exports to Colombia ($1,690 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 the Philippines (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Price in Vietnam (CIF) - 2022
The average frozen fish import price stood at $2,810 per ton in 2022, growing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. The import price peaked at $2,956 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($5,822 per ton), while the price for Japan ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Exports in Vietnam
In 2022, the amount of frozen fish exported from Vietnam surged to 1.2M tons, growing by 33% against 2021. Overall, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish exports surged to $3.9B in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 635 | 507 | 760 | 1,133 | 21.3% |
| China | 551 | 473 | 378 | 655 | 5.9% |
| Thailand | 142 | 123 | 161 | 192 | 10.6% |
| Japan | 158 | 132 | 129 | 121 | -8.5% |
| South Korea | 107 | 95.3 | 106 | 115 | 2.4% |
| Brazil | 64.8 | 52.7 | 81.8 | 101 | 15.9% |
| Mexico | 122 | 65.9 | 83.1 | 96.2 | -7.6% |
| Malaysia | 80.7 | 71.4 | 74.2 | 84.4 | 1.5% |
| Philippines | 93.7 | 46.0 | 80.1 | 82.3 | -4.2% |
| Canada | 56.8 | 41.9 | 49.2 | 79.4 | 11.8% |
| Taiwan (Chinese) | 36.2 | 33.8 | 35.9 | 43.2 | 6.1% |
| Colombia | 44.8 | 28.4 | 47.2 | 41.3 | -2.7% |
| United Arab Emirates | 33.6 | 28.3 | 32.3 | 36.5 | 2.8% |
| Others | 1,177 | 911 | 1,010 | 1,141 | -1.0% |
| Total | 3,304 | 2,611 | 3,029 | 3,921 | 5.9% |
Top Export Markets for Frozen Fish from Vietnam in 2022:
- China (272.5K tons)
- United States (187.2K tons)
- Thailand (92.0K tons)
- South Korea (58.8K tons)
- Malaysia (41.9K tons)
- Japan (36.0K tons)
- Mexico (33.9K tons)
- Brazil (28.5K tons)
- Philippines (28.2K tons)
- Colombia (24.4K tons)
- United Arab Emirates (21.4K tons)
- Taiwan (Chinese) (19.1K tons)
- Canada (17.2K tons)
Frozen Fish Imports in Vietnam
In 2022, imports of frozen fish into Vietnam contracted to 336K tons, with a decrease of -7.4% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 363K tons, and then dropped in the following year.
In value terms, frozen fish imports declined slightly to $945M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 4.7%. As a result, imports attained the peak of $950M, leveling off in the following year.
| Import of Frozen Fish in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 114 | 169 | 148 | 114 | 0.0% |
| South Korea | 83.9 | 81.5 | 110 | 104 | 7.4% |
| China | 159 | 154 | 177 | 100 | -14.3% |
| Norway | 61.4 | 61.9 | 83.7 | 99.1 | 17.3% |
| Taiwan (Chinese) | 56.5 | 65.9 | 61.2 | 87.8 | 15.8% |
| Indonesia | 31.1 | 26.4 | 47.3 | 80.5 | 37.3% |
| Chile | 49.1 | 62.9 | 59.2 | 64.1 | 9.3% |
| United States | 28.3 | 23.3 | 32.0 | 32.7 | 4.9% |
| Poland | 37.6 | 38.8 | 36.5 | 32.5 | -4.7% |
| Thailand | 16.2 | 8.2 | 10.7 | 32.3 | 25.9% |
| India | 29.9 | 6.2 | 10.9 | 17.0 | -17.2% |
| Others | 277 | 210 | 173 | 181 | -13.2% |
| Total | 944 | 908 | 950 | 945 | 0.0% |
Top Suppliers of Frozen Fish to Vietnam in 2022:
- Japan (72.5K tons)
- South Korea (43.1K tons)
- Norway (40.3K tons)
- Taiwan (Chinese) (31.5K tons)
- China (23.5K tons)
- Indonesia (16.2K tons)
- Thailand (13.2K tons)
- United States (11.8K tons)
- Chile (11.0K tons)
- Poland (8.7K tons)
- India (6.8K tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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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