Vietnam - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Vietnam - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights

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Dry Vegetable Price in Vietnam - 2022

Contents:

  1. Dry Vegetable Price in Vietnam (CIF) - 2022
  2. Dry Vegetable Price in Vietnam (FOB) - 2022
  3. Dry Vegetable Imports in Vietnam
  4. Dry Vegetable Exports in Vietnam

Dry Vegetable Price in Vietnam (CIF) - 2022

In December 2022, the average dry vegetable import price amounted to $4,035 per ton, stabilizing at the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices hit record highs at $4,136 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Lao People's Democratic Republic ($4,145 per ton) and China ($4,142 per ton), while the price for India ($3,125 per ton) and Malaysia ($3,282 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Dry Vegetable Price in Vietnam (FOB) - 2022

In December 2022, the average dry vegetable export price amounted to $4,455 per ton, with an increase of 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2022 an increase of 11% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,463 per ton in February 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably for the major foreign markets. In December 2022, the highest price was recorded for prices to Lao People's Democratic Republic ($4,499 per ton) and Japan ($4,499 per ton), while the average price for exports to the United States ($3,936 per ton) and China ($4,499 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports in Vietnam

In 2022, supplies from abroad of dry vegetables decreased by -53.5% to 3.9K tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 255% against the previous year. As a result, imports reached the peak of 9.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, dry vegetable imports declined sharply to $16M in 2022. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 267%. As a result, imports attained the peak of $35M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Dry Vegetable in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.032.127.114.216.4%
Thailand0.10.71.90.9108.0%
India0.31.51.20.626.0%
Others0.31.01.20.410.1%
Total9.635.331.416.018.6%

Top Suppliers of Dry Vegetable to Vietnam in 2022:

  1. China (3414.0 tons)
  2. Thailand (200.8 tons)
  3. India (180.0 tons)

Dry Vegetable Exports in Vietnam

In 2022, the amount of dry vegetables exported from Vietnam reduced markedly to 1.3K tons, which is down by -59.2% compared with 2021. Overall, exports faced a significant decrease. The smallest decline of -13.2% was in 2020.

In value terms, dry vegetable exports shrank sharply to $6.8M in 2022. In general, exports recorded a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $21M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Dry Vegetable in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic Republic12.012.75.43.6-33.1%
Japan4.54.04.61.7-27.7%
United States0.40.50.90.3-9.1%
Thailand0.51.70.20.3-15.7%
Cambodia0.20.20.60.20.0%
France0.30.50.10.1-30.7%
Others1.11.51.30.6-18.3%
Total19.121.013.26.8-29.1%

Top Export Markets for Dry Vegetable from Vietnam in 2022:

  1. Lao People's Democratic Republic (871.8 tons)
  2. Japan (215.9 tons)
  3. Thailand (70.5 tons)
  4. United States (45.5 tons)
  5. Cambodia (29.2 tons)
  6. France (25.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dry vegetable 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 469 - Vegetables, Dehydrated

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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