Vietnam: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Vietnam

After three years of growth, the Vietnamese frozen skipjack tuna market decreased by -X% to $X in 2020. Overall, consumption, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Frozen Skipjack Tuna Exports

Exports from Vietnam

In 2020, shipments abroad of frozen skipjack tuna decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, frozen skipjack tuna exports dropped markedly to $X in 2020. In general, exports faced a deep slump. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Thailand (X tons), the Philippines (X tons) and the U.S. (X tons) were the main destinations of frozen skipjack tuna exports from Vietnam, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines, while exports for the other leaders experienced a decline.

In value terms, Thailand ($X), the Philippines ($X) and the U.S. ($X) appeared to be the largest markets for frozen skipjack tuna exported from Vietnam worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the Philippines recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen skipjack tuna export price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, export price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were the Philippines ($X per ton) and Australia ($X per ton), while the average price for exports to Thailand ($X per ton) and Canada ($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 the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports into Vietnam

Frozen skipjack tuna imports into Vietnam dropped markedly to X tons in 2020, reducing by -X% on the year before. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, frozen skipjack tuna imports contracted remarkably to $X in 2020. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and China (X tons) were the main suppliers of frozen skipjack tuna imports to Vietnam, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in South Korea, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna suppliers to Vietnam were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, South Korea saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen skipjack tuna import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2012 an increase of X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from India ($X per ton) and the U.S. ($X per ton), while the price for New Zealand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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