Vietnam - Grain - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGrain Price in Vietnam - 2022
Contents:
- Grain Price in Vietnam (CIF) - 2022
- Grain Price in Vietnam (FOB) - 2022
- Grain Imports in Vietnam
- Grain Exports in Vietnam
Grain Price in Vietnam (CIF) - 2022
In 2022, the average grain import price amounted to $372 per ton, with an increase of 49% against the previous year. Overall, the import price continues to indicate a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($753 per ton), while the price for Myanmar ($325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Grain Price in Vietnam (FOB) - 2022
In 2022, the average grain export price amounted to $319 per ton, surging by 19% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $875 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($728 per ton), while the average price for exports to the Philippines ($305 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Grain Imports in Vietnam
In 2022, supplies from abroad of grain decreased by -7.1% to 15M tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 16M tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, grain imports skyrocketed to $5.5B in 2022. Overall, imports, however, posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Grain in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,280 | 1,301 | 1,592 | 2,075 | 17.5% |
| Australia | 235 | 259 | 1,092 | 1,247 | 74.4% |
| Brazil | 679 | 691 | 252 | 589 | -4.6% |
| Cambodia | 2.2 | 86.8 | 20.6 | 433 | 481.7% |
| India | 2.3 | 10.9 | 318 | 317 | 416.5% |
| South Africa | 0.7 | 27.0 | 62.2 | 219 | 578.9% |
| Myanmar | 0.9 | 10.7 | 69.4 | 153 | 454.0% |
| Russia | 179 | 270 | 49.1 | 25.7 | -47.6% |
| Others | 265 | 432 | 501 | 410 | 15.7% |
| Total | 2,644 | 3,088 | 3,957 | 5,469 | 27.4% |
Top Suppliers of Grain to Vietnam in 2022:
- Argentina (5.9M tons)
- Australia (3.3M tons)
- Brazil (1.8M tons)
- India (0.9M tons)
- South Africa (0.6M tons)
- Cambodia (0.6M tons)
- Myanmar (0.5M tons)
- Russia (0.1M tons)
Grain Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of grain, when their volume decreased by -44.1% to 205K tons. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
In value terms, grain exports reduced rapidly to $66M in 2022. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2020 when exports increased by 53% against the previous year.
| Export of Grain in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 28.7 | 53.3 | 60.0 | 35.3 | 7.1% |
| Cambodia | 11.0 | 11.5 | 24.2 | 25.3 | 32.0% |
| Lao People's Democratic Republic | 1.2 | 0.8 | 3.8 | 2.5 | 27.7% |
| United States | 0.7 | 0.6 | 1.1 | 1.0 | 12.6% |
| Thailand | 1.0 | 2.0 | 1.9 | 0.2 | -41.5% |
| Cyprus | 0.8 | 1.6 | 1.9 | N/A | 54.1% |
| Malaysia | 3.7 | 3.3 | 2.0 | N/A | -26.5% |
| Others | 1.2 | 0.8 | 3.4 | 1.2 | 0.0% |
| Total | 48.4 | 74.1 | 98.3 | 65.5 | 10.6% |
Top Export Markets for Grain from Vietnam in 2022:
- Philippines (115.9K tons)
- Cambodia (79.1K tons)
- Lao People's Democratic Republic (3.4K tons)
- United States (3.4K tons)
- Thailand (0.5K tons)
This report provides an in-depth analysis of the grain 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 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
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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