Vietnam: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Vietnam

The Vietnamese frozen tilapias market soared to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Tilapias Production in Vietnam

In value terms, frozen tilapias production reached $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. Frozen tilapias production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Frozen Tilapias Exports

Exports from Vietnam

Frozen tilapias exports from Vietnam reduced to X tons in 2020, falling by -X% against 2019. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports contracted to $X in 2020. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

South Korea (X tons), the U.S. (X tons) and the Netherlands (X tons) were the main destinations of frozen tilapias exports from Vietnam, with a combined X% share of total exports. Belgium, the United Arab Emirates, the UK, Malaysia, Italy, Turkey, the Dominican Republic, Canada, Thailand and Qatar lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Turkey (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the U.S. ($X) and the Netherlands ($X) appeared to be the largest markets for frozen tilapias exported from Vietnam worldwide, together comprising X% of total exports. Belgium, the United Arab Emirates, the UK, Malaysia, Italy, Turkey, the Dominican Republic, Canada, Thailand and Qatar lagged somewhat behind, together comprising a further X the main countries of destination, Turkey (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen tilapias export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Overall, the export price saw a perceptible descent. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2020, the highest prices were recorded for prices to the United Arab Emirates ($X per ton) and Qatar ($X per ton), while the average price for exports to the UK ($X per ton) and Italy ($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 UK, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Tilapias Imports

Imports into Vietnam

In 2020, overseas purchases of frozen tilapias were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, frozen tilapias imports skyrocketed to $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. (X tons) and Italy (X tons) were the main suppliers of frozen tilapias imports to Vietnam.

From 2007 to 2020, the biggest increases were in Italy.

In value terms, the largest frozen tilapias suppliers to Vietnam were the U.S. ($X) and Italy ($X the main suppliers, Italy recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2020, the average frozen tilapias import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Italy stood at $X per ton.

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

Source: IndexBox Platform

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