Report Update: May 1, 2024

Vietnam - Frozen And Fresh Or Chilled Skipjack Tuna - Market Analysis, Forecast, Size, Trends And Insights

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Price for Frozen and Fresh or Chilled Skipjack Tuna in Vietnam - 2022

Price for Frozen and Fresh or Chilled Skipjack Tuna in Vietnam (CIF) - 2022

In 2022, the average import price for frozen and fresh or chilled skipjack tuna amounted to $1,677 per ton, surging by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 31%. The import price peaked at $2,114 per ton in 2013; however, from 2014 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 countries with the highest prices were Japan ($1,691 per ton) and the Philippines ($1,676 per ton), while the price for China ($1,676 per ton) and South Korea ($1,676 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen and Fresh or Chilled Skipjack Tuna in Vietnam (FOB) - 2022

The average export price for frozen and fresh or chilled skipjack tuna stood at $1,466 per ton in 2022, surging by 7.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29% against the previous year. The export price peaked at $1,982 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($1,466 per ton) and Australia ($1,466 per ton), while the average price for exports to Canada ($1,466 per ton) and Japan ($1,466 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 Turkey (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen and Fresh or Chilled Skipjack Tuna in Vietnam

Imports of frozen and fresh or chilled skipjack tuna into Vietnam declined sharply to 21K tons in 2022, with a decrease of -20.5% on the previous year's figure. In general, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.

In value terms, imports of frozen and fresh or chilled skipjack tuna shrank to $35M in 2022. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year.

Import of Frozen and Fresh or Chilled Skipjack Tuna in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	14.1	8.9	19.3	16.3	5.0%
Taiwan (Chinese)	12.5	10.2	13.0	14.4	4.8%
Japan	1.3	1.2	1.1	2.0	15.4%
Philippines	0.1	N/A	1.3	0.9	108.0%
China	3.3	5.3	2.4	0.6	-43.3%
Indonesia	1.6	0.4	0.2	0.2	-50.0%
New Zealand	1.3	0.7	0.5	N/A	-38.0%
United States	10.0	2.1	1.7	N/A	-58.8%
Others	1.7	1.2	0.2	0.6	-29.3%
Total	45.9	29.8	39.6	35.1	-8.6%

Top Suppliers of Frozen and Fresh or Chilled Skipjack Tuna to Vietnam in 2022:

South Korea (9.7K tons)
Taiwan (Chinese) (8.6K tons)
Japan (1.2K tons)
Philippines (0.6K tons)
China (0.4K tons)
Indonesia (0.1K tons)

Exports of Frozen and Fresh or Chilled Skipjack Tuna in Vietnam

For the third consecutive year, Vietnam recorded decline in overseas shipments of frozen and fresh or chilled skipjack tuna, which decreased by -25.9% to 1.3K tons in 2022. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -25.2% was in 2021.

In value terms, exports of frozen and fresh or chilled skipjack tuna dropped remarkably to $1.9M in 2022. Overall, exports recorded a dramatic downturn.

Export of Frozen and Fresh or Chilled Skipjack Tuna in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	2,912	1,041	1,144	505	-44.2%
United States	243	189	310	302	7.5%
Thailand	1,675	1,399	450	297	-43.8%
Canada	83.5	173	113	240	42.2%
Algeria	N/A	N/A	N/A	140	0%
Australia	26.9	51.1	41.6	102	55.9%
Japan	N/A	N/A	N/A	99.6	0%
China	1,158	N/A	N/A	N/A	0%
Others	179	116	302	200	3.8%
Total	6,277	2,969	2,360	1,885	-33.0%

Top Export Markets for Frozen and Fresh or Chilled Skipjack Tuna from Vietnam in 2022:

Philippines (344.4 tons)
United States (206.0 tons)
Thailand (202.2 tons)
Canada (163.5 tons)
Algeria (95.7 tons)
Australia (69.9 tons)
Japan (67.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen and fresh or chilled skipjack tuna 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:

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:

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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
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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