Vietnam - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Vietnam - 2021
Contents:
- Virgin Olive Oil Price in Vietnam (CIF) - 2022
- Virgin Olive Oil Price in Vietnam (FOB) - 2022
- Virgin Olive Oil Imports in Vietnam
- Virgin Olive Oil Exports in Vietnam
Virgin Olive Oil Price in Vietnam (CIF) - 2022
In 2022, the average virgin olive oil import price amounted to $4,104 per ton, falling by -8.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The import price peaked at $5,159 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Greece ($4,385 per ton) and Italy ($4,385 per ton), while the price for Hong Kong SAR ($3,694 per ton) and the United States ($3,801 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Price in Vietnam (FOB) - 2022
In 2022, the average virgin olive oil export price amounted to $4,278 per ton, reducing by -27.4% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 49% against the previous year. The export price peaked at $9,436 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +1.7% per year.
Virgin Olive Oil Imports in Vietnam
In 2022, the amount of virgin olive oil imported into Vietnam skyrocketed to 1.1K tons, growing by 18% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern.
In value terms, virgin olive oil imports rose remarkably to $4.7M in 2022. In general, imports, however, saw a abrupt curtailment.
| Import of Virgin Olive Oil in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,604 | 1,674 | 2,233 | 2,113 | -6.7% |
| Spain | 1,997 | 2,618 | 1,372 | 1,681 | -5.6% |
| Greece | 342 | 193 | 275 | 260 | -8.7% |
| Japan | 196 | 273 | 159 | 178 | -3.2% |
| Hong Kong SAR | 144 | 108 | 134 | 151 | 1.6% |
| United States | 74.5 | 46.6 | 47.8 | 130 | 20.4% |
| Others | 372 | 105 | 128 | 171 | -22.8% |
| Total | 5,730 | 5,018 | 4,348 | 4,683 | -6.5% |
Top Suppliers of Virgin Olive Oil to Vietnam in 2022:
- Italy (481.7 tons)
- Spain (433.4 tons)
- Greece (59.2 tons)
- Japan (45.7 tons)
- Hong Kong SAR (40.9 tons)
- United States (34.1 tons)
Virgin Olive Oil Exports in Vietnam
In 2022, approx. 12 tons of virgin olive oil were exported from Vietnam; rising by 46% against 2021 figures. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 48%. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, virgin olive oil exports amounted to $50K in 2022. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $53K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Virgin Olive Oil in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 11.6 | 42.4 | 44.4 | 47.4 | 59.9% |
| Lao People's Democratic Republic | N/A | 6.2 | 0.9 | N/A | -85.5% |
| United States | 19.7 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 4.1 | 2.1 | 2.6 | -15.4% |
| Total | 35.5 | 52.8 | 47.4 | 50.1 | 12.2% |
Top Export Markets for Virgin Olive Oil from Vietnam in 2022:
- Cambodia (11.5 tons)
This report provides an in-depth analysis of the virgin 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:
- FCL 261 - Oil of Olives, Virgin
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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