Vietnam - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Vietnam - 2021
Contents:
- Preserved Sardines Price in Vietnam (FOB) - 2022
- Preserved Sardines Price in Vietnam (CIF) - 2022
- Preserved Sardines Exports in Vietnam
- Preserved Sardines Imports in Vietnam
Preserved Sardines Price in Vietnam (FOB) - 2022
In 2022, the average preserved sardines export price amounted to $3,336 per ton, falling by -5.5% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,292 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($3,568 per ton) and Japan ($3,446 per ton), while the average price for exports to Thailand ($3,112 per ton) and Cambodia ($3,112 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 the United States (-0.8%), while the prices for the other major destinations experienced a decline.
Preserved Sardines Price in Vietnam (CIF) - 2022
In 2022, the average preserved sardines import price amounted to $3,495 per ton, growing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 an increase of 67%. The import price peaked at $3,773 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($3,621 per ton) and Malaysia ($3,586 per ton), while the price for France ($3,477 per ton) and Morocco ($3,477 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Exports in Vietnam
Preserved sardines exports from Vietnam surged to 8.9K tons in 2022, with an increase of 27% on the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% 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 decreased by -17.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved sardines exports soared to $30M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 decreased by -14.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $35M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Preserved Sardines in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.6 | 3.7 | 6.4 | 7.4 | 66.6% |
| United States | 4.6 | 13.9 | 5.4 | 7.2 | 16.1% |
| Japan | 8.8 | 8.4 | 5.2 | 6.6 | -9.1% |
| Australia | 5.4 | 6.2 | 3.6 | 4.5 | -5.9% |
| Cambodia | 0.8 | 1.3 | 2.9 | 3.3 | 60.4% |
| Others | 1.0 | 1.2 | 1.3 | 0.7 | -11.2% |
| Total | 22.3 | 34.7 | 24.8 | 29.8 | 10.1% |
Top Export Markets for Preserved Sardines from Vietnam in 2022:
- Thailand (2.4K tons)
- United States (2.0K tons)
- Japan (1.9K tons)
- Australia (1.4K tons)
- Cambodia (1.1K tons)
Preserved Sardines Imports in Vietnam
In 2022, the amount of sardines (prepared or preserved) imported into Vietnam contracted significantly to 285 tons, which is down by -30.3% on the previous year. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of 409 tons, and then contracted rapidly in the following year.
In value terms, preserved sardines imports fell significantly to $996K in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 131% against the previous year. As a result, imports reached the peak of $1.4M, and then declined sharply in the following year.
| Import of Preserved Sardines in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 244 | 444 | 1,063 | 767 | 46.5% |
| Japan | 244 | 0.6 | 3.7 | 58.9 | -37.7% |
| Philippines | 79.1 | 79.1 | 67.0 | 52.8 | -12.6% |
| Malaysia | 109 | 39.4 | 59.8 | 49.2 | -23.3% |
| Morocco | 3.2 | 13.2 | 51.3 | 37.0 | 126.1% |
| France | 17.7 | 5.8 | 35.7 | 25.7 | 13.2% |
| Others | 46.2 | 19.0 | 110 | 5.7 | -50.2% |
| Total | 744 | 601 | 1,391 | 996 | 10.2% |
Top Suppliers of Preserved Sardines to Vietnam in 2022:
- Thailand (220.5 tons)
- Japan (16.5 tons)
- Philippines (14.6 tons)
- Malaysia (13.7 tons)
- Morocco (10.6 tons)
- France (7.4 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, 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
-
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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