Vietnam: Pulses Market 2024

Pulses Market Size in Vietnam

In 2022, the Vietnamese pulses market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value 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 in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Pulses Production in Vietnam

In value terms, pulses production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

The average yield of pulses in Vietnam was estimated at X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. In general, the yield showed a slight increase. The growth pace was the most rapid in 2018 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 pulses in Vietnam totaled X ha, therefore, remained relatively stable against 2021. Over the period under review, the harvested area, however, saw a slight slump. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the pulses harvested area remained at a lower figure.

Pulses Exports

Exports from Vietnam

In 2022, approx. X tons of pulses were exported from Vietnam; increasing by X% against the previous year's figure. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pulses exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for pulses exports from Vietnam, accounting for a X% share of total exports. Moreover, pulses exports to China exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), fivefold. Cambodia (X tons) ranked third in terms of total exports 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: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

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

From 2012 to 2022, 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: Lao People's Democratic Republic (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the average price for exports to France ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pulses Imports

Imports into Vietnam

In 2022, after six years of growth, there was significant decline in purchases abroad of pulses, when their volume decreased by X% to X tons. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, pulses imports declined modestly to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest supplier of pulses to Vietnam, with a X% share of total imports. Moreover, pulses imports from Myanmar exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Australia (X% per year).

In value terms, Myanmar ($X) constituted the largest supplier of pulses to Vietnam, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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