Vietnam - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Vietnam - 2022
Contents:
- Banana Price in Vietnam (FOB) - 2022
- Banana Price in Vietnam (CIF) - 2022
- Banana Exports in Vietnam
- Banana Imports in Vietnam
Banana Price in Vietnam (FOB) - 2022
The average banana export price stood at $714 per ton in 2022, rising by 11% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana export price increased by +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. The export price peaked at $815 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($714 per ton) and Japan ($714 per ton), while the average price for exports to China ($714 per ton) and South Korea ($714 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 Japan (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Price in Vietnam (CIF) - 2022
In 2022, the average banana import price amounted to $824 per ton, increasing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $855 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($824 per ton), while the price for Cambodia amounted to $824 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+2.2%).
Banana Exports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in shipments abroad of bananas, which increased by 20% to 430K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, banana exports surged to $307M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Banana in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 155 | 136 | 201 | 268 | 20.0% |
| South Korea | 4.4 | 5.1 | 8.5 | 16.1 | 54.1% |
| Japan | 3.2 | 5.4 | 6.6 | 7.2 | 31.0% |
| Malaysia | 4.6 | 6.7 | 5.6 | 7.1 | 15.6% |
| Russia | 4.1 | 3.8 | 3.4 | 3.7 | -3.4% |
| Others | 3.8 | 4.9 | 5.2 | 5.4 | 12.4% |
| Total | 175 | 162 | 230 | 307 | 20.6% |
Top Export Markets for Banana from Vietnam in 2022:
- China (374.9K tons)
- South Korea (22.5K tons)
- Japan (10.1K tons)
- Malaysia (10.0K tons)
- Russia (5.2K tons)
Banana Imports in Vietnam
Banana imports into Vietnam fell notably to 6.2K tons in 2022, waning by -69.8% compared with the previous year. Overall, imports continue to indicate a sharp reduction. The smallest decline of -1.2% was in 2021.
In value terms, banana imports shrank significantly to $5.1M in 2022. Over the period under review, imports saw a dramatic descent. The smallest decline of -0.4% was in 2021.
| Import of Banana in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 6.3 | 5.4 | 14.5 | 4.0 | -14.1% |
| Cambodia | 43.4 | 9.9 | 0.5 | 1.2 | -69.8% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 49.8 | 15.2 | 15.2 | 5.1 | -53.2% |
Top Suppliers of Banana to Vietnam in 2022:
- Lao People's Democratic Republic (4.8K tons)
- Cambodia (1.4K tons)
This report provides an in-depth analysis of the banana market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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