Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam
  4. Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam

Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s amounted to $1,855 per ton, growing by 12% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s increased by +20.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 80%. As a result, the export price reached the peak level of $2,434 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +4.2% per year.

Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s amounted to $1,815 per ton, rising by 1.7% against the previous year. In general, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The import price peaked at $2,028 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -0.2% per year.

Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam

In 2022, overseas shipments of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s decreased by -80.2% to 21 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 243% against the previous year. As a result, the exports reached the peak of 150 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s fell dramatically to $40K in 2022. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 244%. As a result, the exports reached the peak of $231K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan17.012653.039.832.8%
RussiaN/AN/A26.5N/A0%
Malaysia2.46.26.0N/A58.1%
United States0.30.417.6N/A665.9%
France1.43.63.4N/A55.8%
Italy46.195.073.5N/A26.3%
OthersN/AN/AN/AN/A0%
Total67.223118039.8-16.0%

Top Export Markets for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) from Vietnam in 2022:

  1. Japan (21.4 tons)

Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam

In 2022, purchases abroad of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s decreased by -40.9% to 6.8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year.

In value terms, imports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s declined rapidly to $12K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 149%. As a result, imports attained the peak of $20K, and then dropped notably in the following year.

Import of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.77.416.612.349.2%
Russia0.40.83.8N/A208.2%
OthersN/AN/AN/AN/A0%
Total4.18.220.512.344.2%

Top Suppliers of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) to Vietnam in 2022:

  1. Japan (6.8 tons)

Source: IndexBox Market Intelligence Platform

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