Vietnam - Frozen, Dried And Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Frozen, Dried and Smoked Fish in Vietnam - 2021
Contents:
- Price for Frozen, Dried and Smoked Fish in Vietnam (FOB) - 2022
- Price for Frozen, Dried and Smoked Fish in Vietnam (CIF) - 2022
- Exports of Frozen, Dried and Smoked Fish in Vietnam
- Imports of Frozen, Dried and Smoked Fish in Vietnam
Price for Frozen, Dried and Smoked Fish in Vietnam (FOB) - 2022
In 2022, the average export price for frozen, dried and smoked fish amounted to $4,690 per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 when the average export price increased by 17%. The export price peaked at $4,768 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,790 per ton), while the average price for exports to Colombia ($1,690 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 the United Arab Emirates (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen, Dried and Smoked Fish in Vietnam (CIF) - 2022
The average import price for frozen, dried and smoked fish stood at $3,643 per ton in 2022, picking up by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 an increase of 25%. As a result, import price attained the peak level of $3,913 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Myanmar ($7,061 per ton), while the price for Japan ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen, Dried and Smoked Fish in Vietnam
In 2022, the amount of frozen, dried and smoked fish exported from Vietnam soared to 1.5M tons, growing by 24% against 2021 figures. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen, dried and smoked fish exports soared to $6.9B in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen, Dried and Smoked Fish in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 50.8 | 38.2 | 44.0 | 2,724 | 277.1% |
| United States | 927 | 835 | 1,274 | 1,137 | 7.0% |
| China | 1,026 | 885 | 747 | 818 | -7.3% |
| Thailand | 153 | 131 | 168 | 197 | 8.8% |
| Japan | 560 | 522 | 508 | 137 | -37.5% |
| South Korea | 330 | 327 | 355 | 125 | -27.6% |
| Malaysia | 100 | 87.0 | 103 | 104 | 1.3% |
| Brazil | 64.8 | 52.7 | 81.8 | 101 | 15.9% |
| Mexico | 122 | 65.9 | 83.1 | 96.2 | -7.6% |
| Philippines | 106 | 50.3 | 87.3 | 82.4 | -8.1% |
| United Kingdom | 180 | 200 | 196 | 75.2 | -25.2% |
| Hong Kong SAR | 141 | 110 | 123 | 56.0 | -26.5% |
| Colombia | 44.8 | 28.5 | 48.9 | 41.3 | -2.7% |
| Others | 1,773 | 1,567 | 1,773 | 1,181 | -12.7% |
| Total | 5,578 | 4,900 | 5,590 | 6,874 | 7.2% |
Top Export Markets for Frozen, Dried and Smoked Fish from Vietnam in 2022:
- China (302.3K tons)
- United Arab Emirates (278.3K tons)
- United States (187.5K tons)
- Thailand (92.3K tons)
- South Korea (59.8K tons)
- Malaysia (44.0K tons)
- Japan (36.5K tons)
- Mexico (33.9K tons)
- Brazil (28.5K tons)
- Philippines (28.2K tons)
- Colombia (24.4K tons)
- United Kingdom (17.3K tons)
- Hong Kong SAR (16.4K tons)
Imports of Frozen, Dried and Smoked Fish in Vietnam
In 2022, imports of frozen, dried and smoked fish into Vietnam rose slightly to 417K tons, with an increase of 2.4% compared with the year before. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, frozen, dried and smoked fish imports rose notably to $1.5B in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen, Dried and Smoked Fish in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.5 | 1.6 | 2.1 | 576 | 626.8% |
| Japan | 118 | 170 | 150 | 114 | -1.1% |
| South Korea | 83.9 | 81.7 | 110 | 104 | 7.4% |
| China | 160 | 155 | 178 | 100 | -14.5% |
| Norway | 68.1 | 66.1 | 86.9 | 99.1 | 13.3% |
| Taiwan (Chinese) | 56.5 | 65.9 | 61.2 | 87.8 | 15.8% |
| Indonesia | 33.0 | 27.8 | 49.2 | 80.5 | 34.6% |
| Chile | 53.0 | 65.8 | 59.2 | 64.1 | 6.5% |
| United States | 38.3 | 33.7 | 49.3 | 32.7 | -5.1% |
| Poland | 37.6 | 38.8 | 36.5 | 32.5 | -4.7% |
| Thailand | 21.8 | 10.2 | 12.8 | 32.3 | 14.0% |
| India | 189 | 197 | 277 | 17.0 | -55.2% |
| Others | 389 | 325 | 285 | 180 | -22.7% |
| Total | 1,249 | 1,239 | 1,358 | 1,520 | 6.8% |
Top Suppliers of Frozen, Dried and Smoked Fish to Vietnam in 2022:
- Myanmar (81.6K tons)
- Japan (72.5K tons)
- South Korea (43.1K tons)
- Norway (40.3K tons)
- Taiwan (Chinese) (31.5K tons)
- China (23.5K tons)
- Indonesia (16.2K tons)
- Thailand (13.2K tons)
- United States (11.8K tons)
- Chile (11.0K tons)
- Poland (8.7K tons)
- India (6.8K tons)
This report provides an in-depth analysis of the market for frozen, dried and smoked 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
- Prodcom 10202100 - Fish fillets, dried, salted or in brine, but not smoked
- Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
- Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
- Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
- Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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