Report Update: Apr 23, 2024

Vietnam - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared Dishes and Meal in Vietnam - 2022

Price for Prepared Dishes and Meal in Vietnam (CIF) - 2022

In 2022, the average prepared dishes and meal import price amounted to $6,816 per ton, waning by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48%. The import price peaked at $7,132 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($17,572 per ton), while the price for Thailand ($1,637 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared Dishes and Meal in Vietnam (FOB) - 2022

The average prepared dishes and meal export price stood at $7,623 per ton in 2022, increasing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2015 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 the United States ($10,599 per ton), while the average price for exports to Germany ($6,743 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 South Korea (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes and Meal in Vietnam

After three years of growth, purchases abroad of prepared dishes and meals decreased by -8.1% to 136K tons in 2022. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 147K tons, and then fell in the following year.

In value terms, prepared dishes and meal imports fell to $924M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 32%. As a result, imports reached the peak of $1.1B, and then reduced in the following year.

Import of Prepared Dishes and Meal in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	190	210	211	198	1.4%
United States	238	227	296	102	-24.6%
Japan	14.3	19.9	20.7	85.4	81.4%
Malaysia	39.9	43.0	50.1	47.2	5.8%
South Korea	27.2	30.0	41.9	39.4	13.1%
China	26.8	32.5	37.9	35.7	10.0%
Thailand	22.7	26.3	30.8	29.0	8.5%
Taiwan (Chinese)	26.9	26.0	29.6	27.8	1.1%
Indonesia	13.3	15.3	22.8	21.5	17.4%
Philippines	16.8	12.3	15.2	14.5	-4.8%
Others	120	153	296	324	39.2%
Total	736	796	1,052	924	7.9%

Top Suppliers of Prepared Dishes and Meal to Vietnam in 2022:

Malaysia (23.5K tons)
Thailand (17.7K tons)
China (17.0K tons)
Singapore (11.8K tons)
Taiwan (Chinese) (8.2K tons)
South Korea (7.6K tons)
Indonesia (7.1K tons)
Japan (7.0K tons)
United States (5.8K tons)
Philippines (5.3K tons)

Exports of Prepared Dishes and Meal in Vietnam

In 2022, overseas shipments of prepared dishes and meals decreased by -24.4% to 38K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of 51K tons, and then contracted significantly in the following year.

In value terms, prepared dishes and meal exports shrank to $292M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $332M, and then dropped in the following year.

Export of Prepared Dishes and Meal in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	36.6	50.6	75.9	70.9	24.7%
Thailand	49.1	84.0	64.1	59.9	6.9%
Philippines	37.5	28.4	47.9	44.7	6.0%
United States	8.1	14.9	18.3	24.3	44.2%
Germany	3.6	7.7	12.8	10.8	44.2%
Netherlands	3.9	7.4	8.7	7.9	26.5%
Japan	2.8	7.1	8.4	7.3	37.6%
Myanmar	6.4	4.6	5.9	5.5	-4.9%
Malaysia	3.2	3.2	5.6	5.3	18.3%
Lao People's Democratic Republic	11.6	3.3	1.3	4.6	-26.5%
Taiwan (Chinese)	8.0	3.9	3.8	4.5	-17.5%
South Korea	4.3	5.3	4.9	4.5	1.5%
Others	26.3	32.2	74.4	42.2	17.1%
Total	201	253	332	292	13.3%

Top Export Markets for Prepared Dishes and Meal from Vietnam in 2022:

China (9.5K tons)
Thailand (8.0K tons)
Philippines (6.0K tons)
United States (2.3K tons)
Germany (1.6K tons)
Japan (1.0K tons)
Netherlands (0.9K tons)
Myanmar (0.7K tons)
Malaysia (0.7K tons)
Lao People's Democratic Republic (0.6K tons)
Taiwan (Chinese) (0.6K tons)
South Korea (0.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared dishes and meal 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 10851900 - Other prepared dishes and meals (including frozen pizza)
Prodcom 10891940 - Other food preparations 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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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