Vietnam - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in Vietnam - 2021
Contents:
- Powdered Milk Price in Vietnam (CIF) - 2021
- Powdered Milk Price in Vietnam (FOB) - 2021
- Powdered Milk Imports in Vietnam
- Powdered Milk Exports in Vietnam
Powdered Milk Price in Vietnam (CIF) - 2021
The average powdered milk import price stood at $3,231 per ton in December 2021, shrinking by -1.7% against the previous month. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in August 2021 an increase of 5% month-to-month. The import price peaked at $5,389 per ton in December 2020; however, from January 2021 to December 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Uruguay ($3,768 per ton) and New Zealand ($3,583 per ton), while the price for Lithuania ($3,002 per ton) and the United States ($3,003 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Powdered Milk Price in Vietnam (FOB) - 2021
In December 2021, the average powdered milk export price amounted to $3,874 per ton, standing approximately at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in January 2021 an increase of 13% m-o-m. Over the period under review, the average export prices hit record highs at $3,928 per ton in February 2021; afterwards, it flattened through to December 2021.
Average prices varied noticeably for the major export markets. In December 2021, the country with the highest price was Iraq ($3,928 per ton), while the average price for exports to Cambodia totaled $3,571 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.5%).
Powdered Milk Imports in Vietnam
In 2022, purchases abroad of powdered milk was finally on the rise to reach 145K tons after two years of decline. In general, imports, however, saw a mild downturn.
In value terms, powdered milk imports dropped to $436M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 10%.
| Import of Powdered Milk in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 163 | 185 | 175 | 176 | 2.6% |
| United States | 110 | 141 | 175 | 154 | 11.9% |
| Australia | 21.6 | 18.2 | 23.0 | 20.7 | -1.4% |
| Belgium | 8.3 | 4.3 | 15.7 | 13.9 | 18.8% |
| France | 11.8 | 7.9 | 14.9 | 13.7 | 5.1% |
| Poland | 15.6 | 16.0 | 8.6 | 11.5 | -9.7% |
| Netherlands | 7.6 | 18.5 | 8.7 | 11.3 | 14.1% |
| Lithuania | 10.5 | 1.8 | 11.7 | 10.3 | -0.6% |
| Germany | 12.0 | 5.3 | 10.6 | 9.1 | -8.8% |
| Canada | 7.4 | 16.4 | 1.9 | 7.3 | -0.5% |
| Others | 9.5 | 2.4 | 9.1 | 8.0 | -5.6% |
| Total | 377 | 417 | 454 | 436 | 5.0% |
Top Suppliers of Powdered Milk to Vietnam in 2022:
- New Zealand (53.7K tons)
- United States (52.6K tons)
- Australia (7.8K tons)
- Poland (4.7K tons)
- Belgium (4.7K tons)
- France (4.5K tons)
- Netherlands (4.1K tons)
- Lithuania (3.5K tons)
- Germany (3.1K tons)
- Canada (3.0K tons)
Powdered Milk Exports in Vietnam
After two years of decline, overseas shipments of powdered milk increased by 0.6% to 16K tons in 2022. Over the period under review, exports, however, recorded a perceptible slump.
In value terms, powdered milk exports dropped to $61M in 2022. In general, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $64M, and then dropped in the following year.
| Export of Powdered Milk in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 52.0 | 49.8 | 57.7 | 53.7 | 1.1% |
| Cambodia | 6.9 | 4.5 | 4.8 | 5.1 | -9.6% |
| China | 2.5 | 0.4 | 1.1 | 1.2 | -21.7% |
| Others | 1.2 | 2.7 | 0.3 | 0.7 | -16.4% |
| Total | 62.7 | 57.4 | 63.9 | 60.7 | -1.1% |
Top Export Markets for Powdered Milk from Vietnam in 2022:
- Iraq (14.4K tons)
- Cambodia (1.5K tons)
- China (0.2K tons)
This report provides an in-depth analysis of the powdered milk 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 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
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
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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, PRODUCING ANIMALS 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
- Producing Animals Slaughtered, 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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This report provides an in-depth analysis of the powdered milk market in Vietnam.
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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Vietnam.
944
This report provides an in-depth analysis of the market for evaporated and condensed milk in Vietnam.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Vietnam.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Vietnam.
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This report provides an in-depth analysis of the skim powdered milk market in Vietnam.
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Vietnam.
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This report provides an in-depth analysis of the whole powdered milk market in Vietnam.
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This report provides an in-depth analysis of the global powdered milk market.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
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Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
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Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1710
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
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Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
308
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1312
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1710
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
239
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
65
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
