Vietnam - Wheat Gluten - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Vietnam - Wheat Gluten - Market Analysis, Forecast, Size, Trends And Insights

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Wheat Gluten Price in Vietnam - 2022

Contents:

  1. Wheat Gluten Price in Vietnam (CIF) - 2022
  2. Wheat Gluten Price in Vietnam (FOB) - 2022
  3. Wheat Gluten Imports in Vietnam
  4. Wheat Gluten Exports in Vietnam

Wheat Gluten Price in Vietnam (CIF) - 2022

The average wheat gluten import price stood at $1,525 per ton in 2022, declining by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2013 an increase of 33%. The import price peaked at $1,741 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($1,720 per ton) and China ($1,584 per ton), while the price for Germany ($1,282 per ton) and Belgium ($1,309 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Wheat Gluten Price in Vietnam (FOB) - 2022

In 2022, the average wheat gluten export price amounted to $2,147 per ton, which is down by -6.3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $5,962 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($2,509 per ton) and the Philippines ($2,434 per ton), while the average price for exports to the United States ($1,896 per ton) and France ($2,122 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.7%), while the prices for the other major destinations experienced a decline.

Wheat Gluten Imports in Vietnam

In 2022, supplies from abroad of wheat gluten decreased by -12.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +36.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 15K tons, and then reduced in the following year.

In value terms, wheat gluten imports declined significantly to $20M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +31.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $24M, and then reduced notably in the following year.

Import of Wheat Gluten in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.610.912.513.78.9%
Netherlands0.41.53.52.173.8%
Belgium0.40.33.41.865.1%
Poland1.61.92.01.3-6.7%
Germany0.80.90.90.7-4.4%
Australia0.20.30.90.1-20.6%
France1.10.20.40.1-55.0%
Others0.10.20.1N/A0.0%
Total15.216.123.819.99.4%

Top Suppliers of Wheat Gluten to Vietnam in 2022:

  1. China (8.6K tons)
  2. Netherlands (1.5K tons)
  3. Belgium (1.4K tons)
  4. Poland (0.8K tons)
  5. Germany (0.6K tons)
  6. Australia (0.1K tons)
  7. France (0.1K tons)

Wheat Gluten Exports in Vietnam

In 2022, approx. 13 tons of wheat gluten were exported from Vietnam; which is down by -2.2% on the year before. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 4.7% against the previous year.

In value terms, wheat gluten exports reduced to $27K in 2022. Over the period under review, exports showed a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 20%.

Export of Wheat Gluten in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.45.110.212.2105.8%
Philippines21.414.216.212.0-17.5%
Australia3.13.01.81.7-18.1%
France1.71.60.70.7-25.6%
Canada1.80.50.40.1-61.8%
OthersN/AN/AN/AN/A0%
Total29.324.429.326.8-2.9%

Top Export Markets for Wheat Gluten from Vietnam in 2022:

  1. United States (6.4 tons)
  2. Philippines (5.0 tons)
  3. Australia (0.7 tons)
  4. France (0.4 tons)
  5. Canada (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheat gluten 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 24 - Wheat Gluten

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
Store
Blog
Event
Global Wheat Gluten Production Reduces Slightly but Exports Remain Robust
Sep 14, 2021
Eye 951

In 2020, global wheat gluten production reduced by -2.4% y-o-y to 1.1M tons. France, China and Belgium lead in world gluten manufacturing, with a combined 50%-share of its total volume. Global wheat gluten exports grew by +6% y-o-y to 928K tons in 2020. In value terms, world exports saw a drop, as the average wheat gluten export price decreased in the past year. Germany, Belgium and France were the largest gluten exporters in 2020. The UK and Poland recorded the highest export growth rates last year. Norway, Belgium, France and the Netherlands emerged as the countries with the highest per capita consumption figures. 

Global Wheat Gluten Market Expands on Rising Demand from Norway
Jul 18, 2019
Eye 810

The global wheat gluten market revenue amounted to $6.7B in 2018, rising by 20% against the previous year. This figure ref...

Global Wheat Gluten Production Reduces Slightly but Exports Remain Robust
Sep 14, 2021
Eye 951

In 2020, global wheat gluten production reduced by -2.4% y-o-y to 1.1M tons. France, China and Belgium lead in world gluten manufacturing, with a combined 50%-share of its total volume. Global wheat gluten exports grew by +6% y-o-y to 928K tons in 2020. In value terms, world exports saw a drop, as the average wheat gluten export price decreased in the past year. Germany, Belgium and France were the largest gluten exporters in 2020. The UK and Poland recorded the highest export growth rates last year. Norway, Belgium, France and the Netherlands emerged as the countries with the highest per capita consumption figures. 

Global Wheat Gluten Market Expands on Rising Demand from Norway
Jul 18, 2019
Eye 810

The global wheat gluten market revenue amounted to $6.7B in 2018, rising by 20% against the previous year. This figure ref...

Free Data: Wheat Gluten - Vietnam