Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam
  4. Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam

Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $8,537 per ton, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($8,537 per ton) and Japan ($8,537 per ton), while the average price for exports to Canada ($8,537 per ton) and the UK ($8,537 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 Norway (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $8,319 per ton, growing by 17% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +3.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($8,319 per ton) and New Zealand ($8,319 per ton), while the price for Norway ($8,318 per ton) and China ($8,319 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam

Exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s from Vietnam surged to 4.1K tons in 2022, growing by 72% compared with the previous year's figure. Over the period under review, exports, however, showed a pronounced contraction.

In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s soared to $35M in 2022. Overall, exports, however, recorded a relatively flat trend pattern.

Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States15.29.25.012.8-5.6%
Canada2.11.42.610.269.4%
Poland3.95.31.65.612.8%
United Kingdom7.115.04.22.5-29.4%
Germany1.61.41.71.60.0%
Japan0.40.90.91.035.7%
France3.63.30.10.5-48.2%
NorwayN/A0.50.30.50.0%
Others1.53.31.00.4-35.6%
Total35.540.217.535.1-0.4%

Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Vietnam in 2022:

  1. United States (1499.9 tons)
  2. Canada (1198.2 tons)
  3. Poland (655.1 tons)
  4. United Kingdom (293.9 tons)
  5. Germany (189.2 tons)
  6. Japan (117.2 tons)
  7. Norway (62.7 tons)
  8. France (53.9 tons)

Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam

In 2022, after three years of growth, there was significant decline in supplies from abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s, when their volume decreased by -78.8% to 174 tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 142%. As a result, imports attained the peak of 819 tons, and then contracted significantly in the following year.

In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s dropped markedly to $1.4M in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 136%. As a result, imports attained the peak of $5.8M, and then plummeted in the following year.

Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9672,2145,3451,33911.5%
United StatesN/A3.117247.5291.4%
New Zealand16.421.023.822.110.5%
Norway163228N/A14.1-55.8%
OthersN/A2.828424.4195.2%
Total1,1462,4685,8241,4478.1%

Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Vietnam in 2022:

  1. China (161.0 tons)
  2. United States (5.7 tons)
  3. New Zealand (2.7 tons)
  4. Norway (1.7 tons)

Source: IndexBox Market Intelligence Platform

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