Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,354 per ton in 2022, with an increase of 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 ($2,991 per ton), while the average price for exports to Cambodia ($476 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 Taiwan (Chinese) (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $4,839 per ton in 2022, jumping by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($10,282 per ton), while the price for Thailand ($3,254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from Vietnam skyrocketed to 37K tons, picking up by 89% on 2021. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $87M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 24.5 | 0% |
| Singapore | 23.7 | 17.5 | 15.7 | 22.8 | -1.3% |
| Malaysia | 0.2 | 0.3 | 0.2 | 16.3 | 333.6% |
| China | 12.2 | 9.7 | 13.1 | 12.5 | 0.8% |
| South Korea | N/A | 0.1 | 0.3 | 9.0 | 848.7% |
| Cambodia | 0.6 | 0.5 | 0.5 | 0.7 | 5.3% |
| Taiwan (Chinese) | 11.0 | 10.7 | 11.1 | N/A | 0.5% |
| Others | 1.7 | 1.5 | 1.8 | 1.8 | 1.9% |
| Total | 49.3 | 40.2 | 42.6 | 87.5 | 21.1% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Vietnam in 2022:
- United States (8.5K tons)
- China (8.2K tons)
- Singapore (7.9K tons)
- Malaysia (5.4K tons)
- South Korea (4.9K tons)
- Cambodia (1.4K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam
After three years of growth, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -27.1% to 5.9K tons in 2022. In general, imports recorded a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s rose to $28M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 8.0 | 11.2 | 12.6 | 14.9 | 23.0% |
| Japan | 4.9 | 2.7 | 2.8 | 5.4 | 3.3% |
| Thailand | 0.7 | 1.8 | 1.8 | 2.3 | 48.7% |
| China | 0.9 | 0.7 | 1.6 | 1.8 | 26.0% |
| United Kingdom | 0.2 | 0.1 | 0.3 | 0.8 | 58.7% |
| Senegal | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Oman | 1.4 | 1.0 | 0.8 | N/A | -24.4% |
| Mauritania | 0.9 | 1.1 | 1.4 | N/A | 24.7% |
| Others | 5.6 | 5.6 | 5.8 | 2.6 | -22.6% |
| Total | 22.7 | 24.4 | 27.4 | 28.3 | 7.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Vietnam in 2022:
- Chile (3313.6 tons)
- Japan (1031.3 tons)
- Thailand (721.8 tons)
- China (173.8 tons)
- United Kingdom (166.8 tons)
- Senegal (97.6 tons)
639
This report provides an in-depth analysis of the market for fish fat and oil in Vietnam.
769
This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Vietnam.
769
This report provides an in-depth analysis of the global market for fish fat and oil.
608
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
