Vietnam: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Vietnam

For the third consecutive year, the Vietnamese frozen freshwater fish market recorded decline in sales value, which decreased by -63.8% to $X in 2021. Overall, consumption faced a abrupt decrease. Frozen freshwater fish consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Frozen Freshwater Fish Production in Vietnam

In value terms, frozen freshwater fish production stood at $X in 2021 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 1,148% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Frozen Freshwater Fish Exports

Exports from Vietnam

In 2021, exports of frozen freshwater fish from Vietnam expanded notably to X tons, with an increase of 13% against the previous year. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 109% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports surged to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 146%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Colombia (X tons) and the United States (X tons) were the main destinations of frozen freshwater fish exports from Vietnam, together comprising 54% of total exports. Malaysia, Russia, South Korea, Mexico, the Netherlands, Cote d'Ivoire, the Philippines, Canada, Bahrain and Japan lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +68.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen freshwater fish exported from Vietnam were China ($X), Colombia ($X) and the United States ($X), with a combined 52% share of total exports. Malaysia, Russia, South Korea, the Philippines, Cote d'Ivoire, the Netherlands, Mexico, Canada, Japan and Bahrain lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Bahrain, with a CAGR of +66.8%, recorded 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

In 2021, the average frozen freshwater fish export price amounted to $X per ton, increasing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to Bahrain ($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 the United States (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Vietnam

In 2021, supplies from abroad of frozen freshwater fish was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 230% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, frozen freshwater fish imports skyrocketed to $X in 2021. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 226% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of frozen freshwater fish to Vietnam, with a 36% share of total imports. Moreover, frozen freshwater fish imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.7% per year) and China (+11.1% per year).

In value terms, Japan ($X) constituted the largest supplier of frozen freshwater fish to Vietnam, comprising 38% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-12.7% per year) and China (+9.8% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, growing by 7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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