Vietnam: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Vietnam

In 2021, the Vietnamese fresh or chilled anchovies market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Vietnam

In value terms, fresh or chilled anchovies production contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from Vietnam

In 2021, after three years of growth, there was significant decline in shipments abroad of fresh or chilled anchovieses, when their volume decreased by -40.6% to X tons. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 562% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies exports reduced dramatically to $X in 2021. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 502% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for fresh or chilled anchovies exports from Vietnam, with a 54% share of total exports. Moreover, fresh or chilled anchovies exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sixfold. The third position in this ranking was held by the UK (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) amounted to +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-67.0% per year) and the UK (-0.2% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for fresh or chilled anchovieses exports from Vietnam, comprising 46% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-50.3% per year) and the UK (+50.4% per year).

Export Prices by Country

The average fresh or chilled anchovies export price stood at $X per ton in 2021, surging by 25% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Anchovies

Imports into Vietnam

After three years of decline, purchases abroad of fresh or chilled anchovieses decreased by 0% to X tons in 2021. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 20,664,520%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports totaled $X in 2021. Over the period under review, imports recorded a dramatic descent. The growth pace was the most rapid in 2017 with an increase of 204,664% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of fresh or chilled anchovies to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled anchovieses to Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price showed a notable expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12,010% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2015 to 2021, the rate of growth in terms of prices for the Philippines amounted to +12,725.0% per year.

Source: IndexBox Platform

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