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Vietnam - Fresh Or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Fish Fillet Price in Vietnam - 2021
Contents:
- Fresh Fish Fillet Price in Vietnam (FOB) - 2021
- Fresh Fish Fillet Price in Vietnam (CIF) - 2022
- Fresh Fish Fillet Exports in Vietnam
- Fresh Fish Fillet Imports in Vietnam
Fresh Fish Fillet Price in Vietnam (FOB) - 2021
In December 2021, the average fresh fish fillet export price amounted to $7,671 per ton, which is down by -2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 an increase of 9.1% month-to-month. Over the period under review, the average export prices attained the maximum at $8,100 per ton in March 2021; however, from April 2021 to December 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Japan ($10,657 per ton), while the average price for exports to Singapore ($7,093 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 Japan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Fish Fillet Price in Vietnam (CIF) - 2022
The average fresh fish fillet import price stood at $11,749 per ton in 2022, growing by 34% against the previous year. In general, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 53%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,656 per ton), while the price for Denmark ($3,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Fish Fillet Exports in Vietnam
In 2022, the amount of fresh or chilled fish fillets exported from Vietnam contracted remarkably to 4.1K tons, falling by -63.9% against the previous year. Over the period under review, exports saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 224%. As a result, the exports reached the peak of 11K tons, and then contracted markedly in the following year.
In value terms, fresh fish fillet exports reduced sharply to $22M in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 285% against the previous year. As a result, the exports attained the peak of $40M, and then dropped markedly in the following year.
Export of Fresh Fish Fillet in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.9 | 1.0 | 3.7 | 6.5 | 93.3% |
United States | 3.1 | 4.3 | 17.2 | 5.4 | 20.3% |
Australia | 0.6 | 0.4 | 1.2 | 1.7 | 41.5% |
Switzerland | 0.5 | 0.3 | 1.4 | 1.7 | 50.4% |
Serbia | 0.1 | 0.2 | 0.6 | 1.5 | 146.6% |
Japan | 0.5 | 0.3 | 1.2 | 1.4 | 40.9% |
Germany | N/A | N/A | 0.1 | 1.0 | 900.0% |
Egypt | 0.4 | N/A | 1.4 | 0.6 | 14.5% |
Guatemala | N/A | N/A | 0.1 | 0.5 | 400.0% |
New Zealand | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
Dominican Republic | 0.9 | 0.4 | 1.4 | N/A | 24.7% |
Singapore | 0.5 | 1.6 | 2.1 | N/A | 104.9% |
Pakistan | 1.2 | 0.9 | 5.1 | N/A | 106.2% |
Others | 3.0 | 1.2 | 4.8 | 0.8 | -35.6% |
Total | 11.9 | 10.5 | 40.4 | 21.5 | 21.8% |
Top Export Markets for Fresh Fish Fillet from Vietnam in 2022:
- Canada (1489.9 tons)
- Serbia (629.2 tons)
- Australia (529.8 tons)
- United States (354.6 tons)
- Germany (239.1 tons)
- Guatemala (177.6 tons)
- Switzerland (130.6 tons)
- Japan (119.9 tons)
- New Zealand (104.9 tons)
- Egypt (68.2 tons)
Fresh Fish Fillet Imports in Vietnam
For the third year in a row, Vietnam recorded decline in overseas purchases of fresh or chilled fish fillets, which decreased by -29.3% to 235 tons in 2022. Over the period under review, imports showed a sharp curtailment.
In value terms, fresh fish fillet imports declined modestly to $2.8M in 2022. Overall, imports showed a sharp descent. The pace of growth was the most pronounced in 2020 when imports increased by 2.7% against the previous year. As a result, imports reached the peak of $6.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Fresh Fish Fillet in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 235 | 1,574 | 501 | 1,987 | 103.7% |
Norway | 3,308 | 1,280 | 249 | 337 | -53.3% |
Spain | N/A | 260 | N/A | 133 | -28.5% |
Denmark | N/A | 230 | 26.9 | 12.6 | -76.6% |
Ecuador | 183 | N/A | N/A | N/A | 0% |
Switzerland | N/A | 249 | N/A | N/A | 0% |
Malaysia | N/A | 83.9 | 3.0 | N/A | -96.4% |
United Kingdom | 495 | N/A | N/A | N/A | 0% |
Indonesia | 411 | 89.6 | N/A | N/A | -78.2% |
United States | 1,929 | 129 | 693 | N/A | -40.1% |
Others | 185 | 3,029 | 1,427 | 285 | 15.5% |
Total | 6,746 | 6,925 | 2,899 | 2,756 | -25.8% |
Top Suppliers of Fresh Fish Fillet to Vietnam in 2022:
- Japan (135.6 tons)
- Norway (28.1 tons)
- Spain (10.7 tons)
- Denmark (3.8 tons)
This report provides an in-depth analysis of the fresh 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
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
-
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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Explore the top import markets for fresh fish fillet and their key statistics. Learn about the countries with the highest import values for fresh fish fillet, such as the United States, France, and Sweden. Find market insights and opportunities on the IndexBox platform.
In value terms, prepared and preserved fish imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indi...
In value terms, prepared and preserved fish exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern i...
Explore the top import markets for fish fillets and other fish meat in the world. Find out which countries lead in seafood imports and drive the global market.