Vietnam: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Vietnam

After two years of growth, the Vietnamese fish meals and pellet market decreased by X% to $X in 2022. In general, consumption faced a sharp curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Vietnam

In value terms, fish meals and pellet production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Vietnam

After two years of decline, shipments abroad of flours, meals and pellets of fish increased by X% to X tons in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fish meals and pellet exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for fish meals and pellet exports from Vietnam, accounting for a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X) remains the key foreign market for flours, meals and pellets of fish exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X 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 States (X%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into Vietnam

In 2022, imports of flours, meals and pellets of fish into Vietnam rose slightly to X tons, increasing by X% on the previous year. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fish meals and pellet imports rose slightly to $X in 2022. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) was the main supplier of fish meals and pellet to Vietnam, with a X% share of total imports. It was followed by Japan (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled X%.

In value terms, Canada ($X) constituted the largest supplier of flours, meals and pellets of fish to Vietnam, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to X%.

Import Prices by Country

In 2022, the average fish meals and pellet import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada stood at $X per ton.

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

Source: IndexBox Platform

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