Price for Fish Meal; Fit for Human Consumption in Vietnam - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Vietnam (FOB) - 2022
- Price for Fish Meal; Fit for Human Consumption in Vietnam (CIF) - 2022
- Exports of Fish Meal; Fit for Human Consumption in Vietnam
- Imports of Fish Meal; Fit for Human Consumption in Vietnam
Price for Fish Meal; Fit for Human Consumption in Vietnam (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $4,417 per ton in 2022, with a decrease of -16% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $28,727 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($14,484 per ton), while the average price for exports to Canada ($1,415 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 Australia (+4.8%), while the prices for the other major destinations experienced a decline.
Price for Fish Meal; Fit for Human Consumption in Vietnam (CIF) - 2022
The average import price for fish meal; fit for human consumptia stood at $9,280 per ton in 2022, increasing by 12% against the previous year. Overall, the import price recorded a mild increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 92%. As a result, import price reached the peak level of $21,689 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 Angola ($41,833 per ton), while the price for Myanmar ($3,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Meal; Fit for Human Consumption in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of fish meal; fit for human consumptia, when their volume decreased by -13.8% to 36 tons. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, the exports attained the peak of 42 tons, and then fell in the following year.
In value terms, exports of fish meal; fit for human consumptia declined significantly to $159K in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 123% against the previous year. As a result, the exports attained the peak of $220K, and then shrank dramatically in the following year.
| Export of Fish Meal; Fit for Human Consumption in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 29.1 | 27.1 | 86.6 | 51.8 | 21.2% |
| Taiwan (Chinese) | 28.4 | 9.6 | 4.4 | 26.3 | -2.5% |
| China | 8.6 | 13.1 | 29.3 | 16.6 | 24.5% |
| South Korea | 5.4 | 17.1 | 20.9 | 16.1 | 43.9% |
| Trinidad and Tobago | 9.9 | 11.8 | 14.1 | 11.9 | 6.3% |
| Canada | 1.8 | 2.7 | 13.6 | 8.1 | 65.1% |
| Cambodia | 2.7 | 5.4 | 12.9 | 7.7 | 41.8% |
| United States | 9.3 | 4.3 | 1.3 | 0.7 | -57.8% |
| Others | 7.6 | 7.6 | 37.2 | 20.2 | 38.5% |
| Total | 103 | 98.7 | 220 | 159 | 15.6% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Vietnam in 2022:
- Malaysia (12.0 tons)
- Taiwan (Chinese) (6.1 tons)
- Canada (5.8 tons)
- China (3.9 tons)
- Trinidad and Tobago (3.4 tons)
- Cambodia (1.8 tons)
- South Korea (1.1 tons)
- United States (0.2 tons)
Imports of Fish Meal; Fit for Human Consumption in Vietnam
In 2022, imports of fish meal; fit for human consumptia into Vietnam fell to 4.9 tons, with a decrease of -11.8% on 2021. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of 5.5 tons, and then shrank in the following year.
In value terms, imports of fish meal; fit for human consumptia declined slightly to $45K in 2022. Over the period under review, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 2.5% against the previous year.
| Import of Fish Meal; Fit for Human Consumption in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 39.3 | 31.0 | 28.1 | 29.0 | -9.6% |
| Angola | 18.7 | 3.6 | 9.3 | 8.0 | -24.7% |
| Myanmar | 9.6 | 7.2 | 6.2 | 6.1 | -14.0% |
| Hong Kong SAR | 2.7 | 1.6 | 1.1 | 0.8 | -33.3% |
| Senegal | 41.7 | N/A | N/A | N/A | 0% |
| Others | 3.9 | 1.1 | 1.0 | 1.2 | -32.5% |
| Total | 116 | 44.5 | 45.6 | 45.1 | -27.0% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Vietnam in 2022:
- Pakistan (3023.0 kg)
- Myanmar (1546.0 kg)
- Angola (192.0 kg)
- Hong Kong SAR (73.0 kg)
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