Price for Fats and Oils and Their Fractions; of Marine Mammals in Vietnam - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam
Price for Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $7,667 per ton in 2022, falling by -68.7% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 116% against the previous year. The export price peaked at $24,511 per ton in 2021, and then shrank sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +15.3% per year.
Price for Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $2,236 per ton in 2022, flattening at the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $7,513 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($8,556 per ton), while the price for Chile ($2,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-3.9%), while the prices for the other major suppliers experienced a decline.
Exports of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam
Exports of fats and oils and their fractions; of marine mammalses from Vietnam surged to 11 tons in 2022, rising by 71% on 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 666%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of marine mammalses reduced dramatically to $86K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,316%. As a result, the exports reached the peak of $160K, and then fell markedly in the following year.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.4 | 11.3 | N/A | 85.6 | 126.2% |
| France | N/A | N/A | 79.9 | N/A | 0% |
| Others | N/A | N/A | 79.9 | N/A | 0% |
| Total | 7.4 | 11.3 | 160 | 85.6 | 126.2% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Vietnam in 2022:
- South Korea (11.2 tons)
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam
Imports of fats and oils and their fractions; of marine mammalses into Vietnam dropped significantly to 25 tons in 2022, reducing by -48.9% against the previous year's figure. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 2,544% against the previous year. As a result, imports attained the peak of 50 tons, and then dropped sharply in the following year.
In value terms, imports of fats and oils and their fractions; of marine mammalses dropped remarkably to $57K in 2022. Overall, imports saw a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 2,819%.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 23.3 | 0.1 | 56.6 | 28.8 | 7.3% |
| Chile | 95.5 | 2.7 | 52.1 | 27.3 | -34.1% |
| Japan | 32.3 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 1.0 | 0.9 | 0.5 | -30.7% |
| Total | 153 | 3.8 | 109 | 56.6 | -28.2% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Vietnam in 2022:
- Chile (13.4 tons)
- Canada (11.9 tons)
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