Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam - 2022

Contents:

1. Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam (FOB) - 2022
2. Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam (CIF) - 2022
3. Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam
4. Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam

Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam (FOB) - 2022

The average export price for aquatic invertebrates; jellyfish, prepared or preserveds stood at $2,359 per ton in 2022, dropping by -59% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price decreased by -1.7%. The export price peaked at $6,679 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Malaysia ($3,542 per ton), while the average price for exports to Japan ($1,058 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-6.6%), while the prices for the other major destinations experienced a decline.

Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam (CIF) - 2022

In 2022, the average import price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $6,826 per ton, increasing by 81% against the previous year. In general, the import price showed a mild increase. The import price peaked at $9,990 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +69.0% per year.

Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam

For the third consecutive year, Vietnam recorded growth in shipments abroad of aquatic invertebrates; jellyfish, prepared or preserveds, which increased by 696% to 113 tons in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aquatic invertebrates; jellyfish, prepared or preserveds soared to $267K in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aquatic Invertebrates; Jellyfish, Prepared or Preserved from Vietnam in 2022:

1. South Korea (71.1 tons)
2. Malaysia (22.7 tons)
3. Japan (19.4 tons)

Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Vietnam

In 2022, imports of aquatic invertebrates; jellyfish, prepared or preserveds into Vietnam soared to 5.6 tons, rising by 18% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of aquatic invertebrates; jellyfish, prepared or preserveds skyrocketed to $38K in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aquatic Invertebrates; Jellyfish, Prepared or Preserved to Vietnam in 2022:

1. China (5.6 tons)

Source: IndexBox Market Intelligence Platform