Vietnam - Candy, Sweets, and Nonchocolate Confectionery - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Candy, Sweets, and Nonchocolate Confectionery in Vietnam - 2021
Contents:
- Price for Candy, Sweets, and Nonchocolate Confectionery in Vietnam (FOB) - 2021
- Price for Candy, Sweets, and Nonchocolate Confectionery in Vietnam (CIF) - 2021
- Exports of Candy, Sweets, and Nonchocolate Confectionery in Vietnam
- Imports of Candy, Sweets, and Nonchocolate Confectionery in Vietnam
Price for Candy, Sweets, and Nonchocolate Confectionery in Vietnam (FOB) - 2021
The average export price for candies, sweets, and nonchocolate confectionery stood at $3,842 per ton in December 2021, stabilizing at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 0.6% m-o-m. Over the period under review, the average export prices reached the peak figure at $3,871 per ton in June 2021; however, from July 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2021, the highest price was recorded for prices to Senegal ($4,086 per ton) and the United Arab Emirates ($4,058 per ton), while the average price for exports to South Korea ($3,773 per ton) and China ($3,773 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Candy, Sweets, and Nonchocolate Confectionery in Vietnam (CIF) - 2021
The average import price for candies, sweets, and nonchocolate confectionery stood at $4,192 per ton in December 2021, flattening at the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 3.6% m-o-m. Over the period under review, average import prices attained the maximum at $4,415 per ton in March 2021; however, from April 2021 to December 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were the Philippines ($4,913 per ton) and China ($4,155 per ton), while the price for Thailand ($4,141 per ton) and Turkey ($4,141 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 Turkey (+0.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Candy, Sweets, and Nonchocolate Confectionery in Vietnam
In 2022, the amount of candies, sweets, and nonchocolate confectionery exported from Vietnam reached 21K tons, picking up by 4.7% on the previous year. In general, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
In value terms, candy, sweets, and nonchocolate confectionery exports rose remarkably to $91M in 2022. Overall, exports, however, saw a slight decline.
| Export of Candy, Sweets, and Nonchocolate Confectionery in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 9.9 | 5.2 | 6.8 | 77.2 | 98.3% |
| Myanmar | 2.8 | 3.1 | 1.4 | 13.5 | 68.9% |
| South Korea | 5.7 | 4.9 | 5.5 | N/A | -1.8% |
| Thailand | 7.6 | 6.9 | 7.0 | N/A | -4.0% |
| China | 5.4 | 5.5 | 5.7 | N/A | 2.7% |
| Malaysia | 7.4 | 5.8 | 5.2 | N/A | -16.2% |
| Japan | 3.0 | 3.0 | 3.0 | N/A | 0.0% |
| Philippines | 11.6 | 7.2 | 9.3 | N/A | -10.5% |
| Taiwan (Chinese) | 2.8 | 2.7 | 2.9 | N/A | 1.8% |
| Lao People's Democratic Republic | 2.9 | 2.8 | 2.4 | N/A | -9.0% |
| Netherlands | 2.7 | 1.4 | 2.2 | N/A | -9.7% |
| Others | 32.6 | 28.2 | 29.8 | N/A | -4.4% |
| Total | 94.4 | 76.7 | 81.3 | 90.6 | -1.4% |
Top Export Markets for Candy, Sweets, and Nonchocolate Confectionery from Vietnam in 2022:
- United Arab Emirates (18.3K tons)
- Myanmar (2.9K tons)
Imports of Candy, Sweets, and Nonchocolate Confectionery in Vietnam
In 2022, approx. 35K tons of candies, sweets, and nonchocolate confectionery were imported into Vietnam; rising by 41% on the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $115M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Candy, Sweets, and Nonchocolate Confectionery in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.6 | 14.3 | 22.3 | 44.3 | 33.5% |
| Indonesia | 14.1 | 14.9 | 11.4 | 14.4 | 0.7% |
| Philippines | 12.3 | 8.7 | 9.7 | 11.4 | -2.5% |
| Thailand | 10.9 | 9.9 | 8.0 | 9.8 | -3.5% |
| South Korea | 7.4 | 7.1 | 5.2 | 6.1 | -6.2% |
| Malaysia | 5.7 | 3.4 | 3.3 | 4.8 | -5.6% |
| Turkey | 4.0 | 3.3 | 2.1 | 3.0 | -9.1% |
| Others | 18.7 | 14.7 | 18.8 | 21.5 | 4.8% |
| Total | 91.8 | 76.4 | 80.7 | 115 | 7.8% |
Top Suppliers of Candy, Sweets, and Nonchocolate Confectionery to Vietnam in 2022:
- China (15.0K tons)
- Indonesia (5.0K tons)
- Thailand (3.8K tons)
- Philippines (3.0K tons)
- Malaysia (1.7K tons)
- Turkey (1.3K tons)
- South Korea (1.1K tons)
This report provides an in-depth analysis of the market for candy, sweets, and nonchocolate confectionery 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:
- Prodcom 10822310 - Chewing gum
- Prodcom 10822320 - Liquorice cakes, blocks, sticks and pastilles containing > .10 % by weight of sucrose, but not containing any other substances
- Prodcom 10822330 - White chocolate
- Prodcom 10822353 - Sugar confectionery pastes in immediate packings of a net content . 1 kg (including marzipan, fondant, nougat and almond pastes)
- Prodcom 10822355 - Throat pastilles and cough drops consisting essentially of sugars and flavouring agents (excluding pastilles or drops with flavouring agents containing medicinal properties)
- Prodcom 10822363 - Sugar-coated (panned) goods (including sugar almonds)
- Prodcom 10822365 - Gums, fruit jellies and fruit pastes in the form of sugar confectionery (excluding chewing gum)
- Prodcom 10822373 - Boiled sweets
- Prodcom 10822375 - Toffees, caramels and similar sweets
- Prodcom 10822383 - Compressed tablets of sugar confectionery (including cachous)
- Prodcom 10822390 - Sugar confectionery, n.e.c.
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.
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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