Vietnam - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Vietnam - 2022
Contents:
- Refined Olive Oil Price in Vietnam (CIF) - 2022
- Refined Olive Oil Price in Vietnam (FOB) - 2022
- Refined Olive Oil Imports in Vietnam
- Refined Olive Oil Exports in Vietnam
Refined Olive Oil Price in Vietnam (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $3,375 per ton, with a decrease of -8.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22%. The import price peaked at $4,556 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,430 per ton), while the price for Spain amounted to $3,310 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Vietnam (FOB) - 2022
The average refined olive oil export price stood at $3,200 per ton in 2022, growing by 6.6% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. As a result, the export price attained the peak level of $4,925 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,392 per ton), while the average price for exports to Australia ($2,780 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 Lao People's Democratic Republic (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Refined Olive Oil Imports in Vietnam
In 2022, approx. 587 tons of refined olive oil were imported into Vietnam; which is down by -2.1% on the previous year. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 4.4% against the previous year.
In value terms, refined olive oil imports contracted to $2M in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of $2.2M, and then dropped in the following year.
| Import of Refined Olive Oil in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,066 | 1,065 | 1,262 | 1,194 | 3.9% |
| Spain | 881 | 590 | 779 | 736 | -5.8% |
| South Africa | 123 | N/A | N/A | N/A | 0% |
| Others | 80.7 | 86.4 | 181 | 51.1 | -14.1% |
| Total | 2,151 | 1,741 | 2,222 | 1,981 | -2.7% |
Top Suppliers of Refined Olive Oil to Vietnam in 2022:
- Italy (348.1 tons)
- Spain (222.5 tons)
Refined Olive Oil Exports in Vietnam
In 2022, after three years of growth, there was decline in shipments abroad of refined olive oil, when their volume decreased by -0.1% to 30 tons. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 0.3%. As a result, the exports attained the peak of 30 tons, leveling off in the following year.
In value terms, refined olive oil exports rose sharply to $96K in 2022. Over the period under review, exports saw a abrupt decrease.
| Export of Refined Olive Oil in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 22.5 | 58.1 | 36.2 | 58.8 | 37.7% |
| South Korea | 28.3 | 23.2 | 11.7 | 19.0 | -12.4% |
| Australia | 24.8 | 12.7 | 11.0 | 17.8 | -10.5% |
| Hong Kong SAR | 38.8 | N/A | N/A | N/A | 0% |
| China | N/A | 7.3 | N/A | N/A | 0% |
| United States | N/A | N/A | 11.4 | N/A | 0% |
| Canada | N/A | N/A | 13.8 | N/A | 0% |
| Others | N/A | N/A | 5.7 | N/A | 0% |
| Total | 114 | 101 | 89.8 | 95.5 | -5.7% |
Top Export Markets for Refined Olive Oil from Vietnam in 2022:
- Netherlands (17.3 tons)
- Australia (6.4 tons)
- South Korea (6.1 tons)
This report provides an in-depth analysis of the refined olive oil 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:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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
- 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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