Price for Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam - 2022
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (CIF) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (FOB) - 2022
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (CIF) - 2022
The average import price for crustacean preparations; lobster, prepared or preserveds stood at $28,325 per ton in 2022, rising by 31% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2015 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +14.1% per year.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $8,366 per ton, waning by -14.7% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; lobster, prepared or preserveds increased by +14.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 49%. As a result, the export price attained the peak level of $14,903 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($55,961 per ton), while the average price for exports to Singapore ($4,797 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 France (+8.9%).
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam
After two years of growth, purchases abroad of crustacean preparations; lobster, prepared or preserveds decreased by -89.1% to 154 kg in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 511% against the previous year. As a result, imports reached the peak of 1.4 tons, and then contracted markedly in the following year.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds declined sharply to $4.4K in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 689%. As a result, imports attained the peak of $31K, and then shrank notably in the following year.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| South Korea | N/A | N/A | 4.4 | 0% | |
| Hong Kong SAR | 0.4 | 2.4 | N/A | 500.0% | |
| India | 0.2 | 1.2 | N/A | 500.0% | |
| Canada | 3.3 | 26.8 | N/A | 712.1% | |
| Others | N/A | 0.2 | N/A | 0% | |
| Total | 3.9 | 30.6 | 4.4 | 6.2% | |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Vietnam in 2022:
- South Korea (154.0 kg)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam
Exports of crustacean preparations; lobster, prepared or preserveds from Vietnam reached 18 tons in 2022, growing by 6.4% compared with the year before. Overall, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds shrank to $152K in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 96%. As a result, the exports attained the peak of $167K, and then reduced in the following year.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 81.5 | 67.9 | 113 | 78.1 | -1.4% |
| Qatar | N/A | N/A | N/A | 49.6 | 0% |
| France | 16.9 | 15.8 | 33.0 | 19.3 | 4.5% |
| Hong Kong SAR | N/A | N/A | 20.2 | N/A | 0% |
| Japan | 56.0 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 1.8 | 0.5 | 4.7 | 111.0% |
| Total | 155 | 85.4 | 167 | 152 | -0.6% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Vietnam in 2022:
- Singapore (16.3 tons)
- Qatar (0.9 tons)
- France (0.7 tons)
369
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
534
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
369
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
534
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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