What is the price of shark fins per kilogram/pound in Vietnam today?
The retail price range for Vietnam shark fins is between US$ 38.02 and US$ 92.62 per kilogram or between US$ 17.24 and US$ 42.00 per pound(lb). Click here to see today's exact prices of shark fins in Vietnam
The retail price range in Dong for shark fins is between VND 950,527.50 and VND 2,315,387.50 per kilogram or between VND 431,078.23 and VND 1,050,062.36 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam shark fins is between US$ 26.61 and US$ 64.83 per kilogram or between US$ 12.07 and US$ 29.40 per pound(lb).
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Vietnam Shark Fins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Shark Fins from Vietnam has seen a significant decrease over the last five years. In 2013, the price was 36.88 US dollars per kg, while in 2017 it was 37.67 US dollars per kg. However, in 2018, the price dropped to 1.48 US dollars per kg, and further decreased to 1.37 US dollars per kg in 2019 and 1.34 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of Shark Fins from Vietnam will be 1.31 US dollars per kg in 2023 and 1.28 US dollars per kg in 2024.Vietnam Shark Fins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Shark Fins into Vietnam over the last five years has been relatively stable. In 2013, the price was 36.88 US dollars per kg, and in 2017 it was 37.67 US dollars per kg. However, in 2018 the price dropped significantly to 1.48 US dollars per kg, and has since remained at a low level, with 1.37 US dollars per kg in 2019 and 1.34 US dollars per kg in 2020. Based on this trend, it is likely that the price of Shark Fins will remain at a low level in the coming years, with an estimated price of 1.30 US dollars per kg in 2023 and 1.25 US dollars per kg in 2024.Export values for Vietnam shark fins
The total values in export for shark fins in Vietnam were US$ 113, US$ 1,654 and US$ 7,178 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Vietnam: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
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Vietnam shark fins - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam sold 5,240 tonnes of shark fins. In 2019 alone, the demand for Vietnam shark fins (fish category) has surged, changing by 368.694 per cent compared to the year 2018. Between 2017 and 2019, shark fins' exports grew by 174566.67% earning the country US$7.18m for the year 2019. Vietnam's shark fins exports are classified as:
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Fresh or chilled shark fins (HS code 030292)
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
- Frozen shark fins (HS code 030392)
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Vietnam shark fins export values
In 2019, Vietnam supplied shark fins valued at 7.18m USD, an improvement of 334.10% from 2018's total shark fins export of 1.654m USD. The yearly change in value of Vietnam shark fins between 2017 to 2018 was 1363.717 percent.
The per year variation in the amount of Vietnam's shark fins exports between 2017 and 2019 was 174566.67 pc in comparison to a variation of 368.694% in the period between 2018 and 2019.
Export markets for Vietnam shark fins ( in '000$ )
Vietnam procured 6,239 tonnes of shark fins in 2019.