Vietnam - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in Vietnam - 2021
Contents:
- Preserved Salmon Price in Vietnam (FOB) - 2022
- Preserved Salmon Price in Vietnam (CIF) - 2022
- Preserved Salmon Exports in Vietnam
- Preserved Salmon Imports in Vietnam
Preserved Salmon Price in Vietnam (FOB) - 2022
The average preserved salmon export price stood at $10,256 per ton in 2022, picking up by 7.7% against the previous year. In general, the export price saw a modest expansion. The growth pace was the most rapid in 2017 an increase of 18%. Over the period under review, the average export prices attained the maximum at $13,399 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($10,281 per ton) and Singapore ($10,156 per ton), while the average price for exports to Taiwan (Chinese) ($10,064 per ton) and Hong Kong SAR ($10,127 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Price in Vietnam (CIF) - 2022
In 2022, the average preserved salmon import price amounted to $11,467 per ton, picking up by 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $12,147 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($11,603 per ton), while the price for Norway ($11,342 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Exports in Vietnam
In 2022, approx. 5.9K tons of salmon (prepared or preserved) were exported from Vietnam; surging by 8.5% against the previous year's figure. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 14%. As a result, the exports attained the peak of 6.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, preserved salmon exports surged to $61M in 2022. Over the period under review, exports, however, saw a abrupt slump.
| Export of Preserved Salmon in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 67.8 | 59.8 | 44.5 | 52.4 | -8.2% |
| Hong Kong SAR | 2.7 | 2.6 | 3.2 | 3.6 | 10.1% |
| Singapore | 2.7 | 3.3 | 2.3 | 2.5 | -2.5% |
| Taiwan (Chinese) | 1.7 | 2.8 | 1.5 | 1.8 | 1.9% |
| Others | 0.6 | 1.2 | 0.6 | 0.5 | -5.9% |
| Total | 75.6 | 69.7 | 52.1 | 60.9 | -7.0% |
Top Export Markets for Preserved Salmon from Vietnam in 2022:
- Japan (5.1K tons)
- Hong Kong SAR (0.4K tons)
- Singapore (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
Preserved Salmon Imports in Vietnam
For the third consecutive year, Vietnam recorded decline in purchases abroad of salmon (prepared or preserved), which decreased by -2.9% to 959 kg in 2022. Overall, imports continue to indicate a dramatic descent.
In value terms, preserved salmon imports fell to $11K in 2022. Over the period under review, imports recorded a sharp reduction.
| Import of Preserved Salmon in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 153 | 25.9 | 10.0 | 5.7 | -66.6% |
| Singapore | 205 | 32.6 | 1.0 | 4.7 | -71.6% |
| Japan | 29.8 | 0.6 | 0.1 | 0.6 | -72.8% |
| Thailand | 54.8 | N/A | N/A | N/A | 0% |
| Chile | 70.6 | 2.1 | N/A | N/A | -97.0% |
| China | 63.0 | 172 | N/A | N/A | 173.0% |
| Poland | 13.2 | 19.5 | N/A | N/A | 47.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 589 | 253 | 11.1 | 11.0 | -73.5% |
Top Suppliers of Preserved Salmon to Vietnam in 2022:
- Norway (502.0 kg)
- Singapore (405.0 kg)
- Japan (52.0 kg)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
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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