Vietnam - Skimmed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Powdered, Condensed or Evaporated Milk in Vietnam - 2021
Contents:
- Price for Powdered, Condensed or Evaporated Milk in Vietnam (CIF) - 2022
- Price for Powdered, Condensed or Evaporated Milk in Vietnam (FOB) - 2022
- Imports of Powdered, Condensed or Evaporated Milk in Vietnam
- Exports of Powdered, Condensed or Evaporated Milk in Vietnam
Price for Powdered, Condensed or Evaporated Milk in Vietnam (CIF) - 2022
In 2022, the average import price for powdered, condensed or evaporated milk amounted to $2,984 per ton, declining by -6.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 25%. As a result, import price attained the peak level of $4,120 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from New Zealand ($3,257 per ton) and France ($3,092 per ton), while the price for Poland ($2,450 per ton) and Canada ($2,463 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Powdered, Condensed or Evaporated Milk in Vietnam (FOB) - 2022
The average export price for powdered, condensed or evaporated milk stood at $3,122 per ton in 2022, waning by -5.2% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk export price increased by +87.4% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 76%. The export price peaked at $3,293 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($8,928 per ton), while the average price for exports to Angola ($806 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 (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered, Condensed or Evaporated Milk in Vietnam
In 2022, after two years of decline, there was growth in supplies from abroad of powdered, condensed or evaporated milk, when their volume increased by 2.3% to 148K tons. Overall, imports, however, showed a pronounced reduction.
In value terms, powdered, condensed or evaporated milk imports reduced slightly to $442M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8.4% against the previous year. As a result, imports attained the peak of $460M, and then contracted modestly in the following year.
| Import of Powdered, Condensed or Evaporated 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 | 176 | 155 | 12.1% |
| Australia | 22.2 | 18.2 | 23.3 | 20.7 | -2.3% |
| France | 11.9 | 7.9 | 15.2 | 13.9 | 5.3% |
| Belgium | 8.5 | 4.5 | 15.9 | 13.9 | 17.8% |
| Poland | 15.9 | 16.5 | 8.7 | 11.5 | -10.2% |
| Netherlands | 7.6 | 18.5 | 8.8 | 11.3 | 14.1% |
| Lithuania | 10.5 | 1.8 | 11.7 | 10.3 | -0.6% |
| Germany | 12.0 | 5.2 | 10.9 | 9.4 | -7.8% |
| Canada | 7.4 | 16.4 | 1.9 | 7.3 | -0.5% |
| Malaysia | 9.9 | 4.2 | 1.7 | 3.0 | -32.8% |
| Others | 15.1 | 5.0 | 11.3 | 10.4 | -11.7% |
| Total | 394 | 425 | 460 | 442 | 3.9% |
Top Suppliers of Powdered, Condensed or Evaporated Milk to Vietnam in 2022:
- New Zealand (54.1K tons)
- United States (53.0K tons)
- Australia (7.7K tons)
- Belgium (4.8K tons)
- Poland (4.7K tons)
- France (4.5K tons)
- Netherlands (4.1K tons)
- Lithuania (3.5K tons)
- Germany (3.2K tons)
- Canada (3.0K tons)
- Malaysia (1.5K tons)
Exports of Powdered, Condensed or Evaporated Milk in Vietnam
In 2022, the amount of powdered, condensed or evaporated milk exported from Vietnam rose modestly to 24K tons, picking up by 1.7% on the previous year. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 3.2% against the previous year. As a result, the exports reached the peak of 25K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, powdered, condensed or evaporated milk exports declined modestly to $76M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 7.6%. As a result, the exports attained the peak of $78M, and then declined modestly in the following year.
| Export of Powdered, Condensed or Evaporated Milk in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 52.3 | 50.9 | 59.1 | 55.1 | 1.8% |
| Philippines | 3.4 | 8.4 | 6.6 | 6.7 | 25.4% |
| Cambodia | 7.0 | 4.7 | 5.1 | 5.4 | -8.3% |
| United States | 0.4 | 2.7 | 2.2 | 2.1 | 73.8% |
| Taiwan (Chinese) | 0.9 | 1.5 | 1.7 | 1.5 | 18.6% |
| Angola | 1.0 | N/A | 0.1 | 0.6 | -15.7% |
| South Korea | 0.2 | 0.6 | 0.6 | 0.5 | 35.7% |
| Others | 5.0 | 4.1 | 3.1 | 3.9 | -7.9% |
| Total | 70.3 | 72.9 | 78.5 | 75.7 | 2.5% |
Top Export Markets for Powdered, Condensed or Evaporated Milk from Vietnam in 2022:
- Iraq (15.1K tons)
- Philippines (2.9K tons)
- Cambodia (1.6K tons)
- United States (1.1K tons)
- Taiwan (Chinese) (0.8K tons)
- Angola (0.7K tons)
- South Korea (0.4K tons)
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk 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 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
- 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 market for powdered, condensed or evaporated milk in Vietnam.
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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
1708
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 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.
231
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.
1310
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
1708
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
301
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.
231
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.
