Vietnam: Fruit And Berry Market 2024

Fruit And Berry Market Size in Vietnam

The Vietnamese fruit and berry market totaled $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Fruit And Berry Production in Vietnam

In value terms, fruit and berry production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Fruit and berry production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average fruit and berry yield in Vietnam reduced to X tons per ha, which is down by X% compared with the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the average fruit and berry yield hit record highs at X tons per ha in 2021, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of fruits and berries in Vietnam declined to X ha, approximately mirroring the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 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 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to fruit and berry production attained the peak figure at X ha in 2021, and then declined in the following year.

Fruit And Berry Exports

Exports from Vietnam

Fruit and berry exports from Vietnam contracted to X tons in 2022, falling by X% against the previous year. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fruit and berry exports fell to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for fruit and berry exports from Vietnam, accounting for a X% share of total exports. Moreover, fruit and berry exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, 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: the United Arab Emirates (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for fruits and berries exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average fruit and berry export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Malaysia ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit And Berry Imports

Imports into Vietnam

In 2022, overseas purchases of fruits and berries decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fruit and berry imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of fruit and berry imports to Vietnam, together accounting for X% of total imports. Australia, South Africa, South Korea, Thailand, Egypt and Cambodia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit and berry suppliers to Vietnam were China ($X), New Zealand ($X) and the United States ($X), with a combined X% share of total imports. Australia, South Africa, South Korea, Cambodia, Thailand and Egypt lagged somewhat behind, together accounting for a further X%.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fruit and berry import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit and berry import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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