Vietnam - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Vietnam - 2021
Contents:
- Frozen Fish Fillet Price in Vietnam (FOB) - 2021
- Frozen Fish Fillet Price in Vietnam (CIF) - 2021
- Frozen Fish Fillet Exports in Vietnam
- Frozen Fish Fillet Imports in Vietnam
Frozen Fish Fillet Price in Vietnam (FOB) - 2021
The average frozen fish fillet export price stood at $4,327 per ton in December 2021, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2021 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices reached the peak figure at $4,559 per ton in September 2021; however, from October 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Japan ($7,273 per ton), while the average price for exports to Pakistan ($3,466 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Fillet Price in Vietnam (CIF) - 2021
In December 2021, the average frozen fish fillet import price amounted to $9,906 per ton, rising by 5.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 when the average import price increased by 6.7% m-o-m. The import price peaked at $9,990 per ton in April 2021; however, from May 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($10,212 per ton), while the price for the United States ($5,656 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Exports in Vietnam
In 2022, the amount of frozen fish fillet exported from Vietnam surged to 702K tons, increasing by 45% compared with 2021. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet exports surged to $3.2B in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Frozen Fish Fillet in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 550 | 443 | 672 | 958 | 20.3% |
China | 440 | 369 | 249 | 495 | 4.0% |
Japan | 53.8 | 46.2 | 45.3 | 360 | 88.4% |
Mexico | 114 | 60.9 | 76.2 | 116 | 0.6% |
Canada | 38.2 | 28.3 | 33.4 | 96.3 | 36.1% |
Brazil | 63.7 | 52.6 | 81.4 | 94.6 | 14.1% |
Thailand | 62.1 | 54.4 | 59.5 | 78.4 | 8.1% |
United Kingdom | 71.1 | 73.2 | 68.9 | 66.5 | -2.2% |
Netherlands | 56.2 | 48.1 | 43.4 | 66.3 | 5.7% |
Australia | 54.5 | 49.7 | 53.1 | 60.0 | 3.3% |
Saudi Arabia | N/A | N/A | 10.9 | 49.4 | 353.2% |
United Arab Emirates | 29.1 | 24.0 | 27.9 | 33.3 | 4.6% |
Malaysia | 32.4 | 29.5 | 21.9 | 29.9 | -2.6% |
Others | 864 | 608 | 676 | 669 | -8.2% |
Total | 2,429 | 1,887 | 2,119 | 3,173 | 9.3% |
Top Export Markets for Frozen Fish Fillet from Vietnam in 2022:
- United States (186.0K tons)
- China (134.6K tons)
- Japan (46.6K tons)
- Mexico (28.3K tons)
- Brazil (25.7K tons)
- Thailand (20.8K tons)
- Canada (18.5K tons)
- Saudi Arabia (17.9K tons)
- United Arab Emirates (17.5K tons)
- United Kingdom (16.6K tons)
- Netherlands (15.7K tons)
- Australia (13.3K tons)
- Malaysia (8.0K tons)
Frozen Fish Fillet Imports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in overseas purchases of frozen fish fillet, which increased by 28% to 25K tons in 2022. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet imports shrank to $101M in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of less than 0.1% against the previous year.
Import of Frozen Fish Fillet in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 0.5 | 0.3 | 0.2 | 59.7 | 392.4% |
Indonesia | 10.4 | 6.5 | 9.7 | 22.1 | 28.6% |
Chile | 1.0 | 3.0 | 1.9 | 5.0 | 71.0% |
China | 2.8 | 3.6 | 9.3 | 4.5 | 17.1% |
Thailand | 0.4 | 0.7 | 1.2 | 1.8 | 65.1% |
Poland | 37.4 | 38.6 | 35.9 | 1.4 | -66.5% |
United States | 4.9 | 1.9 | 1.5 | 0.4 | -56.6% |
Others | 60.8 | 52.2 | 47.3 | 5.8 | -54.3% |
Total | 118 | 107 | 107 | 101 | -5.1% |
Top Suppliers of Frozen Fish Fillet to Vietnam in 2022:
- Norway (20.2K tons)
- Indonesia (1.8K tons)
- Thailand (0.6K tons)
- China (0.4K tons)
- Chile (0.4K tons)
- Poland (0.2K tons)
- United States (0.1K tons)
This report provides an in-depth analysis of the frozen fish fillet market 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 10201400 - Frozen fish fillets
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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