Price for Fish; Edible Offal, Shark Fins in Vietnam - 2021

Contents:

1. Price for Fish; Edible Offal, Shark Fins in Vietnam (FOB) - 2022
2. Price for Fish; Edible Offal, Shark Fins in Vietnam (CIF) - 2022
3. Exports of Fish; Edible Offal, Shark Fins in Vietnam
4. Imports of Fish; Edible Offal, Shark Fins in Vietnam

Price for Fish; Edible Offal, Shark Fins in Vietnam (FOB) - 2022

In 2022, the average export price for fish; edible offal, shark finses amounted to $103,267 per ton, surging by 16% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 211%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($163,932 per ton), while the average price for exports to Singapore ($16,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+82.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish; Edible Offal, Shark Fins in Vietnam (CIF) - 2022

In 2022, the average import price for fish; edible offal, shark finses amounted to $25,141 per ton, which is down by -5.9% against the previous year. In general, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77% against the previous year. Over the period under review, average import prices hit record highs at $35,605 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($26,711 per ton), while the price for Singapore totaled $4,960 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish; Edible Offal, Shark Fins in Vietnam

Fish; edible offal, shark fins exports from Vietnam fell sharply to 11 tons in 2022, waning by -51.9% on the year before. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 641%. As a result, the exports attained the peak of 22 tons, and then declined remarkably in the following year.

In value terms, fish; edible offal, shark fins exports dropped notably to $1.1M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 768%. As a result, the exports reached the peak of $2M, and then shrank dramatically in the following year.

Top Export Markets for Fish; Edible Offal, Shark Fins from Vietnam in 2022:

1. Japan (4.8 tons)
2. Singapore (3.0 tons)
3. Hong Kong SAR (2.8 tons)

Imports of Fish; Edible Offal, Shark Fins in Vietnam

In 2022, supplies from abroad of fish; edible offal, shark finses was finally on the rise to reach 7.2 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt contraction.

In value terms, fish; edible offal, shark fins imports expanded slightly to $181K in 2022. Overall, imports, however, showed a perceptible contraction.

Top Suppliers of Fish; Edible Offal, Shark Fins to Vietnam in 2022:

1. Hong Kong SAR (6.5 tons)
2. Singapore (0.5 tons)

Source: IndexBox Market Intelligence Platform