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Store → Food Products → Dairy Products → Whole Fresh Milk
Report Vietnam - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Vietnam - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Whole Fresh Milk Market 2023

Whole Fresh Milk Market Size in Vietnam

The Vietnamese whole fresh milk market was estimated at $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2020 indices. 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 slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 34% against the previous year. Whole fresh milk production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Whole Fresh Milk Exports

Exports from Vietnam

In 2022, shipments abroad of whole fresh milk decreased by -33.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed mild growth. The pace of growth was the most pronounced in 2019 with an increase of 228%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, whole fresh milk exports shrank dramatically to $X in 2022. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 218% against the previous year. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for whole fresh milk exports from Vietnam, accounting for a 78% share of total exports. Moreover, whole fresh milk exports to Hong Kong SAR exceeded the volume sent to the second major destination, Macao SAR (X tons), sixfold. Cambodia (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+25.3% per year) and Cambodia (-17.7% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for whole fresh milk exports from Vietnam, comprising 75% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 17% share of total exports. It was followed by Cambodia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+16.5% per year) and Cambodia (-20.2% per year).

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2013 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cambodia ($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 China (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Whole Fresh Milk Imports

Imports into Vietnam

In 2022, approx. X tons of whole fresh milk were imported into Vietnam; with an increase of 11% compared with the previous year. In general, imports posted significant growth. The growth pace was the most rapid in 2019 when imports increased by 65%. 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, whole fresh milk imports stood at $X in 2022. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 57%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest whole fresh milk supplier to Vietnam, with a 43% share of total imports. Moreover, whole fresh milk imports from Australia exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. New Zealand (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.0% per year) and New Zealand (+15.0% per year).

In value terms, Australia ($X) constituted the largest supplier of whole fresh milk to Vietnam, comprising 47% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+13.3% per year) and France (+21.8% per year).

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, dropping by -4.1% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and New Zealand ($X per ton), while the price for Thailand ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for whole fresh milk in the world?
+
India constituted the country with the largest volume of whole fresh milk consumption, accounting for 23% of total volume. Moreover, whole fresh milk consumption in India exceeded the figures recorded by the second-largest consumer, the United States, twofold. Pakistan ranked third in terms of total consumption with a 6.4% share.
What are the largest producers of whole fresh milk in the world?
+
India constituted the country with the largest volume of whole fresh milk production, accounting for 23% of total volume. Moreover, whole fresh milk production in India exceeded the figures recorded by the second-largest producer, the United States, twofold. Pakistan ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of whole fresh milk to Vietnam?
+
In value terms, Australia constituted the largest supplier of whole fresh milk to Vietnam, comprising 47% of total imports. The second position in the ranking was taken by New Zealand, with an 11% share of total imports. It was followed by France, with an 11% share.
What are the leading importers of whole fresh milk from Vietnam?
+
In value terms, Hong Kong SAR remains the key foreign market for whole fresh milk exports from Vietnam, comprising 75% of total exports. The second position in the ranking was taken by Macao SAR, with a 17% share of total exports. It was followed by Cambodia, with a 2.8% share.
What is the average export price for whole fresh milk in Vietnam?
+
In 2022, the average whole fresh milk export price amounted to $681 per ton, approximately mirroring the previous year.
What is the average import price for whole fresh milk in Vietnam?
+
In 2022, the average whole fresh milk import price amounted to $806 per ton, declining by -4.1% against the previous year.

This report provides an in-depth analysis of the whole fresh milk 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 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk
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. 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
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 PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Producing Animals Slaughtered, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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