Vietnam - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Vietnam - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights

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Price for Seafood Meals and Pellets in Vietnam - 2021

Contents:

  1. Price for Seafood Meals and Pellets in Vietnam (FOB) - 2022
  2. Price for Seafood Meals and Pellets in Vietnam (CIF) - 2022
  3. Exports of Seafood Meals and Pellets in Vietnam
  4. Imports of Seafood Meals and Pellets in Vietnam

Price for Seafood Meals and Pellets in Vietnam (FOB) - 2022

In 2022, the average seafood meals and pellets export price amounted to $1,534 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $1,575 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 overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($1,541 per ton) and Indonesia ($1,540 per ton), while the average price for exports to China ($1,533 per ton) and South Korea ($1,533 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 Japan (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Seafood Meals and Pellets in Vietnam (CIF) - 2022

In 2022, the average seafood meals and pellets import price amounted to $1,133 per ton, remaining stable against the previous year. Overall, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2015 an increase of 17%. As a result, import price attained the peak level of $1,542 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,172 per ton) and South Korea ($1,172 per ton), while the price for Oman ($971 per ton) and Thailand ($1,143 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.1%), while the prices for the other major suppliers experienced a decline.

Exports of Seafood Meals and Pellets in Vietnam

In 2022, exports of flours, meals and pellets of fish or of crustaceans and molluscs from Vietnam dropped to 128K tons, which is down by -11.5% against 2021 figures. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of 144K tons, and then shrank in the following year.

In value terms, seafood meals and pellets exports contracted to $196M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29%. As a result, the exports attained the peak of $220M, and then shrank in the following year.

Export of Seafood Meals and Pellets in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1331381781565.5%
Thailand10.78.419.817.317.4%
Japan15.610.16.09.1-16.4%
South Korea5.34.96.55.72.5%
Others12.59.59.67.8-14.5%
Total1771712201963.5%

Top Export Markets for Seafood Meals and Pellets from Vietnam in 2022:

  1. China (101.6K tons)
  2. Thailand (11.3K tons)
  3. Japan (5.9K tons)
  4. South Korea (3.7K tons)

Imports of Seafood Meals and Pellets in Vietnam

In 2022, the amount of flours, meals and pellets of fish or of crustaceans and molluscs imported into Vietnam skyrocketed to 169K tons, rising by 29% on the previous year's figure. Overall, imports, however, showed a pronounced downturn.

In value terms, seafood meals and pellets imports surged to $191M in 2022. In general, imports, however, showed a perceptible slump.

Import of Seafood Meals and Pellets in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru57.658.034.143.1-9.2%
India40.616.834.536.4-3.6%
South Korea20.725.122.423.74.6%
Oman12.415.719.720.818.8%
Thailand18.635.74.816.6-3.7%
Chile6.617.87.89.512.9%
China15.010.67.19.3-14.7%
Others42.453.218.731.6-9.3%
Total214233149191-3.7%

Top Suppliers of Seafood Meals and Pellets to Vietnam in 2022:

  1. Peru (37.5K tons)
  2. India (31.1K tons)
  3. Oman (21.4K tons)
  4. South Korea (20.2K tons)
  5. Thailand (14.5K tons)
  6. Chile (8.3K tons)
  7. China (8.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for seafood meals and pellets 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 10204100 - Flours, meals and pellets of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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Free Data: Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Vietnam