| Product Code: ETC385770 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam Cod market is a niche segment within the broader seafood industry. Cod, primarily imported from countries like Norway and Iceland, is processed and distributed in Vietnam to cater to domestic and regional demand. Vietnamese seafood processors are known for their quality and efficiency, contributing to the growth of this market. The popularity of cod in various culinary applications, including sushi and sashimi, has driven its demand, making it an important seafood product in Vietnam.
The Vietnam cod market is propelled by the increasing demand for cod products, particularly in the seafood industry. Cod is widely consumed due to its mild flavor and versatile culinary applications. Vietnam strategic location for fishing in the South China Sea and access to modern fishing vessels contribute to the supply. The market is also buoyed by advancements in cold chain logistics, ensuring the preservation of cod`s quality during distribution.
The Vietnam cod market faces challenges related to market competition and sustainability. Cod imports from other countries can compete with domestic production, affecting local fishers and processors. Ensuring sustainable fishing practices to prevent overfishing and bycatch is essential for the long-term viability of the cod industry. Meeting international standards for product quality, safety, and traceability is necessary for export but can be resource-intensive for the industry.
The Vietnam cod market experienced disruptions during the COVID-19 pandemic, as the seafood industry faced challenges in supply chain logistics and fluctuations in demand. Cod, a popular seafood product, saw reduced consumption as restaurants closed and international trade was disrupted. To address these challenges, the market adapted by exploring new distribution channels and promoting frozen and packaged cod products for at-home consumption. As Vietnam reopened and the global economy recovered, the cod market showed signs of revival, with consumers returning to their seafood preferences. Sustainable sourcing and responsible fishing practices continue to be a focus for the cod market in Vietnam.
The Vietnam cod market, while not a primary focus, is influenced by seafood processing and export companies like Vinh Hoan Corporation, which may occasionally include cod in their product portfolios.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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