Price for Fish fillets; frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam
  4. Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (FOB) - 2022

The average export price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s stood at $7,335 per ton in 2022, waning by -4.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 37%. The export price peaked at $10,359 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($7,336 per ton) and South Korea ($7,336 per ton), while the average price for exports to Canada ($7,335 per ton) and Belgium ($7,335 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (CIF) - 2022

The average import price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s stood at $6,813 per ton in 2022, surging by 4% against the previous year. Over the last seven-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 9.8% against the previous year. The import price peaked at $7,230 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($6,813 per ton), while the price for Spain ($6,813 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam

In 2022, the amount of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s exported from Vietnam surged to 1.2K tons, growing by 231% against the year before. Overall, exports posted 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 fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s soared to $8.8M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan2.01.51.53.115.7%
United States1.90.40.82.611.0%
CanadaN/AN/AN/A1.50%
South KoreaN/AN/A0.20.5150.0%
BelgiumN/AN/AN/A0.40%
NetherlandsN/AN/AN/A0.30%
GermanyN/AN/AN/A0.30%
France0.60.20.2N/A-42.3%
OthersN/AN/AN/A0.10%
Total4.52.12.88.825.1%

Top Export Markets for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) from Vietnam in 2022:

  1. Japan (421.8 tons)
  2. United States (358.9 tons)
  3. Canada (200.9 tons)
  4. South Korea (72.3 tons)
  5. Belgium (57.9 tons)
  6. Germany (34.6 tons)
  7. Netherlands (34.4 tons)

Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s, when their volume increased by 400% to 18 tons. Overall, imports, however, continue to indicate a precipitous shrinkage.

In value terms, imports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s surged to $120K in 2022. Over the period under review, imports, however, faced a significant curtailment.

Import of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/A5.657.5926.8%
Japan7.75.612.346.782.4%
Spain5.510.94.215.741.9%
China3621711.0N/A-94.7%
France11.6N/AN/AN/A0%
CanadaN/A20.7N/AN/A0%
OthersN/AN/AN/AN/A0%
Total38720823.1120-32.3%

Top Suppliers of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) to Vietnam in 2022:

  1. United States (8.4 tons)
  2. Japan (6.9 tons)
  3. Spain (2.3 tons)

Source: IndexBox Market Intelligence Platform

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