Vietnam: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Vietnam

The Vietnamese market for frozen and fresh or chilled skipjack tuna reduced to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Vietnam

In value terms, production of frozen and fresh or chilled skipjack tuna reached $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports from Vietnam

In 2022, shipments abroad of frozen and fresh or chilled skipjack tuna decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen and fresh or chilled skipjack tuna fell sharply to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of exports of frozen and fresh or chilled skipjack tuna from Vietnam, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United States ($X) and Thailand ($X) were the largest markets for frozen and fresh or chilled skipjack tuna exported from Vietnam worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen and fresh or chilled skipjack tuna amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and Australia ($X per ton), while the average price for exports to Canada ($X per ton) and Japan ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports into Vietnam

In 2022, the amount of frozen and fresh or chilled skipjack tuna imported into Vietnam contracted notably to X tons, falling by X% compared with 2021. In general, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna contracted to $X in 2022. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of imports of frozen and fresh or chilled skipjack tuna to Vietnam, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) were the largest frozen and fresh or chilled skipjack tuna suppliers to Vietnam, together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($X per ton) and the Philippines ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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