Frozen Catfish Fillet Price in Vietnam - 2022
Contents:
- Frozen Catfish Fillet Price in Vietnam (FOB) - 2022
- Frozen Catfish Fillet Price in Vietnam (CIF) - 2022
- Frozen Catfish Fillet Exports in Vietnam
- Frozen Catfish Fillet Imports in Vietnam
Frozen Catfish Fillet Price in Vietnam (FOB) - 2022
The average frozen catfish fillet export price stood at $3,523 per ton in 2022, growing by 1.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $3,861 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($4,434 per ton) and Germany ($4,311 per ton), while the average price for exports to Mexico ($3,009 per ton) and China ($3,519 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 Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Catfish Fillet Price in Vietnam (CIF) - 2022
In 2022, the average frozen catfish fillet import price amounted to $1,814 per ton, surging by 7.9% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. The import price peaked at $4,910 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($5,710 per ton), while the price for Singapore ($1,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Fillet Exports in Vietnam
Frozen catfish fillet exports from Vietnam shrank to 367K tons in 2022, reducing by -5.3% on 2021. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year.
In value terms, frozen catfish fillet exports fell to $1.3B in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 8.2% against the previous year.
| Export of Frozen Catfish Fillet in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 280 | 238 | 365 | 417 | 14.2% |
| China | 505 | 377 | 290 | 269 | -18.9% |
| Brazil | 59.9 | 46.1 | 68.9 | 67.1 | 3.9% |
| Mexico | 85.7 | 45.7 | 62.4 | 55.7 | -13.4% |
| United Kingdom | 45.9 | 44.1 | 44.5 | 39.7 | -4.7% |
| Thailand | 64.0 | 48.2 | 47.5 | 36.7 | -16.9% |
| Netherlands | 47.6 | 35.8 | 29.1 | 27.5 | -16.7% |
| Philippines | 38.0 | 12.1 | 17.8 | 25.5 | -12.5% |
| Canada | 37.9 | 25.8 | 28.6 | 22.9 | -15.5% |
| Malaysia | 37.8 | 25.9 | 20.3 | 19.3 | -20.1% |
| Australia | 37.1 | 28.3 | 23.7 | 14.6 | -26.7% |
| Egypt | 34.6 | 19.3 | 29.8 | 11.2 | -31.3% |
| Hong Kong SAR | 33.1 | 21.7 | 23.5 | 9.8 | -33.4% |
| Others | 415 | 275 | 293 | 278 | -12.5% |
| Total | 1,721 | 1,243 | 1,345 | 1,294 | -9.1% |
Top Export Markets for Frozen Catfish Fillet from Vietnam in 2022:
- United States (115.1K tons)
- China (76.5K tons)
- Mexico (18.5K tons)
- Brazil (18.2K tons)
- Thailand (10.4K tons)
- United Kingdom (8.9K tons)
- Netherlands (7.5K tons)
- Philippines (7.0K tons)
- Canada (6.0K tons)
- Malaysia (5.5K tons)
- Australia (4.1K tons)
- Hong Kong SAR (3.8K tons)
- Egypt (3.1K tons)
Frozen Catfish Fillet Imports in Vietnam
In 2022, after two years of decline, there was significant growth in supplies from abroad of frozen catfish fillets, when their volume increased by 45% to 1.9K tons. In general, imports, however, recorded a deep slump.
In value terms, frozen catfish fillet imports soared to $3.5M in 2022. Overall, imports, however, showed a dramatic downturn.
| Import of Frozen Catfish Fillet in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 8.1 | 523 | 788 | 1,193 | 428.1% |
| Spain | 921 | 615 | 314 | 475 | -19.8% |
| United States | 2,063 | 569 | 45.1 | 317 | -46.4% |
| Malaysia | 88.5 | 80.5 | 196 | 297 | 49.7% |
| Hong Kong SAR | 305 | 304 | 123 | 198 | -13.4% |
| Belgium | 261 | 262 | 107 | 174 | -12.6% |
| Netherlands | 236 | 239 | 98.6 | 162 | -11.8% |
| Canada | 71.1 | 94.0 | 46.8 | 87.3 | 7.1% |
| United Kingdom | 533 | 964 | 209 | 79.3 | -47.0% |
| Morocco | 186 | 107 | 15.5 | 61.1 | -31.0% |
| India | 54.4 | 224 | 10.9 | 57.8 | 2.0% |
| Brazil | 795 | 87.7 | 3.9 | 6.0 | -80.4% |
| Egypt | 592 | N/A | N/A | N/A | 0% |
| Others | 767 | 638 | 245 | 347 | -23.2% |
| Total | 6,881 | 4,707 | 2,203 | 3,455 | -20.5% |
Top Suppliers of Frozen Catfish Fillet to Vietnam in 2022:
- Singapore (970.7 tons)
- Spain (221.8 tons)
- Malaysia (203.8 tons)
- United States (91.5 tons)
- Netherlands (83.5 tons)
- Hong Kong SAR (35.6 tons)
- Canada (35.0 tons)
- Belgium (33.7 tons)
- India (33.3 tons)
- Morocco (33.3 tons)
- United Kingdom (23.5 tons)
- Brazil (1.1 tons)
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