Vietnam: Frozen Eels Market 2022

Frozen Eels Market Size in Vietnam

In 2020, the Vietnamese frozen eels market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Frozen eels consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Eels Production in Vietnam

In value terms, frozen eels production fell modestly to $X in 2020 estimated in export prices. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Frozen eels production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Frozen Eels Exports

Exports from Vietnam

In 2020, after two years of decline, there was significant growth in overseas shipments of frozen eels, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, frozen eels exports soared to $X in 2020. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Japan (X tons) was the main destination for frozen eels exports from Vietnam, accounting for a X% share of total exports. Moreover, frozen eels exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (-X% per year).

In value terms, Japan ($X) emerged as the key foreign market for frozen eels exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2020, the average frozen eels export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced contraction. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced a decline.

Frozen Eels Imports

Imports into Vietnam

In 2020, after five years of growth, there was significant decline in overseas purchases of frozen eels, when their volume decreased by -X% to X tons. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, frozen eels imports soared to $X in 2020. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X tons) constituted the largest frozen eels supplier to Vietnam, accounting for a X% share of total imports. Moreover, frozen eels imports from Japan exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume from Japan stood at +X%.

In value terms, Japan ($X) constituted the largest supplier of frozen eels to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan totaled +X%.

Import Prices by Country

The average frozen eels import price stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for Uruguay amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan.

Source: IndexBox Platform

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