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

Contents:

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

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

In 2022, the average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $215,008 per ton, waning by -17.3% against the previous year. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 177% against the previous year. Over the period under review, the average export prices hit record highs at $259,854 per ton in 2021, and then declined significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($215,017 per ton), while the average price for exports to China totaled $214,977 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+45.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $3,283 per ton, approximately reflecting the previous year. Overall, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 615%. The import price peaked at $67,016 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +37.1% per year.

Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of aquatic invertebrates; sea cucumbers, prepared or preserveds, which increased by 81% to 18 tons in 2022. In general, 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; sea cucumbers, prepared or preserveds soared to $3.8M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 74% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. South Korea (13.8 tons)
2. China (3.8 tons)

Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Vietnam

In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds imported into Vietnam dropped rapidly to 1.3 tons, with a decrease of -66.5% on the previous year. Over the period under review, imports recorded a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 471%.

In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds dropped notably to $4.4K in 2022. In general, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 758% against the previous year.

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

1. Tanzania (1340.0 kg)

Source: IndexBox Market Intelligence Platform