Vietnam: Frozen Catfish Market 2022

Frozen Catfish Market Size in Vietnam

The Vietnamese frozen catfish market surged to $X in 2020, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Frozen catfish consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Catfish Production in Vietnam

In value terms, frozen catfish production shrank to $X in 2020 estimated in export prices. Over the period under review, production saw a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Frozen Catfish Exports

Exports from Vietnam

Frozen catfish exports from Vietnam contracted to X tons in 2020, reducing by -X% compared with 2019 figures. Over the period under review, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish exports surged to $X in 2020. Overall, exports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen catfish exports from Vietnam, accounting for a X% share of total exports. Moreover, frozen catfish exports to China exceeded the volume sent to the second major destination, Colombia (X tons), twofold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) emerged as the key foreign market for frozen catfish exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2020, the highest prices were recorded for prices to Cote d'Ivoire ($X per ton) and Russia ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Imports

Imports into Vietnam

In 2020, approx. X tons of frozen catfish were imported into Vietnam; dropping by -X% compared with the previous year. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen catfish imports contracted notably to $X in 2020. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of frozen catfish to Vietnam, with a X% share of total imports. Moreover, frozen catfish imports from the U.S. exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Canada (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of frozen catfish to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Italy (X% per year).

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price saw a abrupt downturn. The growth pace was the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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