Report Vietnam - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Vietnam - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Soya Bean Market 2022

Soya Bean Market Size in Vietnam

The Vietnamese soya bean market contracted modestly to $X in 2021, dropping by -X% against the previous year. In general, consumption, however, showed a slight decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Soya Bean Production in Vietnam

In value terms, soya bean production skyrocketed to $X in 2021 estimated in export prices. Overall, production, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average soya bean yield in Vietnam soared to X tonnes per ha, increasing by X% compared with 2020 figures. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Vietnam contracted to X ha in 2021, with a decrease of -X% on the previous year's figure. Overall, the harvested area faced a abrupt descent. The growth pace was the most rapid in 2016 with a decrease of -X% against the previous year. Over the period under review, the harvested area dedicated to soya bean production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Soya Bean Exports

Exports from Vietnam

In 2021, after two years of growth, there was significant decline in shipments abroad of soya beans, when their volume decreased by -X% to X tonnes. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, soya bean exports reduced to $X in 2021. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for soya bean exports from Vietnam, accounting for a X% share of total exports. Moreover, soya bean exports to Germany exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tonnes), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Germany 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 States (+X% per year).

In value terms, Germany ($X) emerged as the key foreign market for soya bean exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany 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 the United States (+X% per year).

Export Prices by Country

In 2021, the average soya bean export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%), while the prices for the other major destinations experienced a decline.

Soya Bean Imports

Imports into Vietnam

In 2021, imports of soya beans into Vietnam fell modestly to X tonnes, declining by -X% compared with the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2020, and then fell in the following year.

In value terms, soya bean imports declined to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tonnes), Brazil (X tonnes) and Canada (X tonnes) were the main suppliers of soya bean imports to Vietnam, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in the United States (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soya bean suppliers to Vietnam were the United States ($X), Brazil ($X) and Canada ($X), together accounting for X% of total imports.

Among the main suppliers, the United States, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average soya bean import price stood at $X per tonne in 2021, declining by -X% against the previous year. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 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 tonne in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?
+
The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, together accounting for 68% of global consumption.
What are the largest producers of soya beans in the world?
+
The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, together comprising 80% of global production. China, India, Paraguay and Canada lagged somewhat behind, together accounting for a further 14%.
What are the leading suppliers of soya beans to Vietnam?
+
In value terms, the United States, Brazil and Canada were the largest soya bean suppliers to Vietnam, together comprising 98% of total imports.
What are the leading importers of soya beans from Vietnam?
+
In value terms, Germany emerged as the key foreign market for soya bean exports from Vietnam, comprising 73% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic, with a 13% share of total exports.
What is the average export price for soya beans in Vietnam?
+
The average soya bean export price stood at $439 per tonne in 2021, increasing by 9.6% against the previous year.
What is the average import price for soya beans in Vietnam?
+
In 2021, the average soya bean import price amounted to $406 per tonne, dropping by -1.5% against the previous year.

This report provides an in-depth analysis of the soya bean 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 236 - Soybeans
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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCTS

Finding New Products to Diversify Your Business

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

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

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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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