Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (FOB) - 2022
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (CIF) - 2022
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $7,276 per ton, picking up by 8.7% against the previous year. In general, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, the average export prices attained the maximum at $10,331 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($7,363 per ton) and Israel ($7,363 per ton), while the average price for exports to Singapore ($7,363 per ton) and South Korea ($7,363 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $6,387 per ton in 2022, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure at $6,733 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Hong Kong SAR ($16,661 per ton), while the price for Indonesia ($483 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam
Exports of mollusc preparations; cuttle fish and squid, prepared or preserveds from Vietnam soared to 5.1K tons in 2022, rising by 42% against the year before. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds soared to $37M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.0 | 5.0 | 6.7 | 10.0 | 26.0% |
| Japan | 4.4 | 3.9 | 2.7 | 6.2 | 12.1% |
| United Kingdom | 2.6 | 1.2 | 1.3 | 3.1 | 6.0% |
| Israel | 0.9 | 1.0 | 1.0 | 2.3 | 36.7% |
| Denmark | 0.8 | 1.0 | 0.9 | 2.2 | 40.1% |
| Germany | 1.5 | 1.2 | 0.9 | 2.2 | 13.6% |
| Netherlands | 0.8 | 1.0 | 0.8 | 1.2 | 14.5% |
| France | 0.6 | 0.7 | 0.9 | 1.1 | 22.4% |
| Hong Kong SAR | 1.4 | 1.3 | 1.0 | 1.1 | -7.7% |
| United States | 0.7 | 0.4 | 1.6 | 0.9 | 8.7% |
| Singapore | 0.7 | 0.7 | 1.1 | 0.9 | 8.7% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.4 | 0.8 | 26.0% |
| Belgium | 0.6 | 0.7 | 0.9 | 0.8 | 10.1% |
| Others | 2.6 | 2.5 | 3.5 | 4.1 | 16.4% |
| Total | 23.0 | 21.0 | 23.8 | 36.9 | 17.1% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Vietnam in 2022:
- South Korea (1364.2 tons)
- Japan (835.4 tons)
- United Kingdom (424.2 tons)
- Israel (315.2 tons)
- Germany (297.9 tons)
- Denmark (293.4 tons)
- Netherlands (161.6 tons)
- France (152.2 tons)
- Hong Kong SAR (147.2 tons)
- Singapore (120.9 tons)
- United States (118.1 tons)
- Belgium (113.6 tons)
- Taiwan (Chinese) (112.0 tons)
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam
In 2022, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into Vietnam surged to 3.2K tons, increasing by 126% against the previous year. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds soared to $21M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 2.7 | 3.3 | 5.4 | 9.8 | 53.7% |
| Thailand | 0.9 | 1.2 | 2.1 | 6.7 | 95.3% |
| China | 0.1 | 0.1 | 0.7 | 2.9 | 207.2% |
| Peru | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Pakistan | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Indonesia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 0.3 | 0.5 | 0.2 | 0.3 | 0.0% |
| Total | 4.6 | 5.6 | 9.1 | 20.6 | 64.8% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Vietnam in 2022:
- Thailand (1382.2 tons)
- China (609.0 tons)
- Hong Kong SAR (586.4 tons)
- Indonesia (351.2 tons)
- Peru (162.1 tons)
- Pakistan (51.9 tons)
- Taiwan (Chinese) (27.4 tons)
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