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Vietnam - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Banana And Plantain Market Overview 2021

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Banana And Plantain Market Size in Vietnam

The Vietnamese banana and plantain market declined to $X in 2020, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Banana and plantain consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Vietnam

In value terms, banana and plantain production fell to $X in 2020 estimated in export prices. Overall, the total production indicated a mild expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2013 indices. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Banana and plantain production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

The average yield of bananas and plantains in Viet Nam reached X tonnes per ha in 2020, approximately reflecting 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the yield increased by X% year-to-year. The banana and plantain yield peaked at X tonnes per ha in 2013; however, from 2014 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the banana and plantain harvested area in Viet Nam rose modestly to X ha, picking up by X% on 2019 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure in 2020 and is likely to continue growth in years to come.

Banana And Plantain Exports

Exports from Vietnam

For the fifth year in a row, Viet Nam recorded growth in overseas shipments of bananas and plantains, which increased by X% to X tonnes in 2020. Overall, exports saw a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, banana and plantain exports soared to $X in 2020. Over the period under review, exports showed significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tonnes) was the main destination for banana and plantain exports from Viet Nam, accounting for a X% share of total exports. Moreover, banana and plantain exports to China exceeded the volume sent to the second major destination, Malaysia (X tonnes), more than tenfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (+X% per year).

In value terms, China ($X) remains the key foreign market for banana and plantain exports from Viet Nam, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the average banana and plantain export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, export price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were Russia ($X per tonne) and Japan ($X per tonne), while the average price for exports to China ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Vietnam

Banana and plantain imports into Viet Nam amounted to X tonnes in 2020, approximately mirroring the year before. Overall, imports recorded a relatively flat trend pattern. Imports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, banana and plantain imports stood at $X in 2020. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

Cambodia (X tonnes) and Lao People's Democratic Republic (X tonnes) were the main suppliers of banana and plantain imports to Viet Nam.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lao People's Democratic Republic.

In value terms, Cambodia ($X) and Lao People's Democratic Republic ($X) were the largest banana and plantain suppliers to Viet Nam.

Among the main suppliers, Lao People's Democratic Republic recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2020, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the price for Cambodia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
The country with the largest volume of banana and plantain consumption was India (31M tonnes), accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.
What are the largest producers of bananas and plantains in the world?
+
India (31M tonnes) remains the largest banana and plantain producing country worldwide, comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The Philippines (9M tonnes) ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of bananas and plantains to Vietnam?
+
In value terms, the largest banana and plantain suppliers to Viet Nam were Cambodia ($9.9M) and Lao People's Democratic Republic ($5.4M).
What are the leading importers of bananas and plantains from Vietnam?
+
In value terms, China ($136M) remains the key foreign market for banana and plantain exports from Viet Nam, comprising 84% of total exports. The second position in the ranking was occupied by Malaysia ($6.7M), with a 4.1% share of total exports. It was followed by Japan, with a 3.3% share.
What is the average export price for bananas and plantains in Vietnam?
+
The average banana and plantain export price stood at $553 per tonne in 2020, growing by 71% against the previous year.
What is the average import price for bananas and plantains in Vietnam?
+
In 2020, the average banana and plantain import price amounted to $730 per tonne, leveling off at the previous year.

Product coverage:
• FCL 486 - Bananas
• FCL 489 -

This report provides an in-depth analysis of the banana and plantain 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 2025.


Country coverage:
• Viet Nam

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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