Vietnam: Whole Fresh Milk Market 2023

Whole Fresh Milk Market Size in Vietnam

The Vietnamese whole fresh milk market expanded to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, posted a strong increase. Whole fresh milk consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Whole Fresh Milk Production in Vietnam

In value terms, whole fresh milk production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Vietnam

After three years of growth, shipments abroad of whole fresh milk decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, whole fresh milk exports declined markedly to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Cambodia (X tons), the Philippines (X tons) and China (X tons) were the main destinations of whole fresh milk exports from Vietnam, together accounting for X% of total exports.

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

In value terms, the largest markets for whole fresh milk exported from Vietnam were Cambodia ($X), the Philippines ($X) and China ($X), together comprising X% of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to 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 whole fresh milk export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Whole Fresh Milk Imports

Imports into Vietnam

Whole fresh milk imports into Vietnam stood at X tons in 2022, increasing by X% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest whole fresh milk supplier to Vietnam, accounting for a X% share of total imports. Moreover, whole fresh milk imports from Australia exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by France (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and France (X% per year).

In value terms, Australia ($X) constituted the largest supplier of whole fresh milk to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw modest growth. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Australia ($X per ton) and Poland ($X per ton), while the price for Uruguay ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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