Report Update: Apr 1, 2024

Vietnam - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights

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Price for Dried or Salted Fish in Vietnam - 2022

Price for Dried or Salted Fish in Vietnam (FOB) - 2022

In December 2022, the average dried or salted fish export price amounted to $6,710 per ton, standing approximately at the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 8.3% against the previous month. Over the period under review, the average export prices hit record highs at $6,836 per ton in August 2022; however, from September 2022 to December 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In December 2022, the highest price was recorded for prices to Russia ($6,973 per ton) and South Korea ($6,973 per ton), while the average price for exports to Singapore ($5,115 per ton) and the United States ($5,633 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Dried or Salted Fish in Vietnam (CIF) - 2022

The average dried or salted fish import price stood at $7,498 per ton in 2022, with an increase of 15% against the previous year. Overall, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $24,643 per ton in 2012; however, from 2013 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 country with the highest price was Portugal ($7,605 per ton), while the price for Japan ($7,177 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Dried or Salted Fish in Vietnam

In 2022, approx. 30K tons of dried or salted fish were exported from Vietnam; growing by 21% on 2021. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, the exports reached the peak of 31K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, dried or salted fish exports soared to $202M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 increased by +51.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Dried or Salted Fish in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	58.7	113	71.3	120	26.9%
Russia	32.8	28.0	27.4	31.2	-1.7%
Malaysia	9.2	7.1	18.9	18.6	26.4%
South Korea	9.4	7.2	5.9	8.9	-1.8%
Singapore	5.1	5.4	6.6	6.2	6.7%
Taiwan (Chinese)	5.7	6.8	6.1	5.9	1.2%
Others	12.3	12.6	11.2	10.9	-3.9%
Total	133	180	147	202	14.9%

Top Export Markets for Dried or Salted Fish from Vietnam in 2022:

China (17.3K tons)
Russia (4.5K tons)
Malaysia (3.3K tons)
Singapore (1.3K tons)
South Korea (1.3K tons)
Taiwan (Chinese) (0.9K tons)

Imports of Dried or Salted Fish in Vietnam

In 2022, supplies from abroad of dried or salted fish decreased by -53.7% to 44 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,897%. As a result, imports reached the peak of 145 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, dried or salted fish imports declined remarkably to $329K in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 2,447%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Dried or Salted Fish in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	N/A	439	361	264	-22.5%
Japan	38.4	26.2	43.9	56.2	13.5%
China	N/A	480	116	5.4	-89.4%
South Korea	N/A	62.2	1.6	2.2	-81.2%
Norway	N/A	46.2	N/A	N/A	0%
Indonesia	N/A	N/A	96.1	N/A	0%
Others	3.9	25.0	N/A	1.3	-30.7%
Total	42.3	1,078	619	329	98.1%

Top Suppliers of Dried or Salted Fish to Vietnam in 2022:

Portugal (34.7 tons)
Japan (7.8 tons)
China (0.7 tons)
South Korea (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023