Vietnam: Grapefruit Market 2024

Grapefruit Market Size in Vietnam

The Vietnamese grapefruit market reached $X in 2022, growing by X% against the previous year. In general, consumption posted a prominent increase. Grapefruit consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Grapefruit Production in Vietnam

In value terms, grapefruit production amounted to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of grapefruits in Vietnam totaled X tons per ha in 2022, approximately reflecting 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. The grapefruit yield peaked at X tons per ha in 2020; however, from 2021 to 2022, 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.

The grapefruit harvested area in Vietnam was estimated at X ha in 2022, increasing by X% on 2021 figures. In general, the harvested area continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The grapefruit harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Grapefruit Exports

Exports from Vietnam

In 2022, the amount of grapefruits exported from Vietnam soared to X tons, picking up by X% compared with the year before. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, grapefruit exports soared to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Lao People's Democratic Republic (X tons), Cambodia (X tons) and Hong Kong SAR (X tons) were the main destinations of grapefruit exports from Vietnam, together accounting for X% of total exports.

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

In value terms, the largest markets for grapefruit exported from Vietnam were Lao People's Democratic Republic ($X), Cambodia ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grapefruit export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Russia ($X per ton), while the average price for exports to Singapore ($X per ton) and Canada ($X 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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grapefruit Imports

Imports into Vietnam

In 2022, imports of grapefruits into Vietnam dropped dramatically to X tons, reducing by X% on the year before. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, grapefruit imports dropped rapidly to $X in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of grapefruit to Vietnam, accounting for a X% share of total imports. Moreover, grapefruit imports from China exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of grapefruits to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Thailand (X% per year).

Import Prices by Country

The average grapefruit import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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