Vietnam: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Vietnam

The Vietnamese vinegar-preserved vegetable market rose notably to $X in 2022, increasing by X% against the previous year. In general, consumption posted strong growth. Vinegar-preserved vegetable consumption peaked in 2022 and is likely to see gradual growth in the near future.

Vinegar-Preserved Vegetable Production in Vietnam

In value terms, vinegar-preserved vegetable production rose remarkably to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2016 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 stood at a somewhat lower figure.

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Vinegar-Preserved Vegetable Exports

Exports from Vietnam

In 2022, shipments abroad of vegetables in vinegar other than potatoes decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt slump. 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 tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, vinegar-preserved vegetable exports contracted to $X in 2022. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Russia (X tons) and China (X tons) were the main destinations of vinegar-preserved vegetable exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), South Korea ($X) and China ($X) were the largest markets for vinegar-preserved vegetable exported from Vietnam worldwide, with a combined X% share of total exports.

Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price 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, vinegar-preserved vegetable export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mongolia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Vietnam

Vinegar-preserved vegetable imports into Vietnam expanded significantly to X tons in 2022, with an increase of X% on the previous year's figure. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vinegar-preserved vegetable imports totaled $X in 2022. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vinegar-preserved vegetable to Vietnam, accounting for a X% share of total imports. Moreover, vinegar-preserved vegetable imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, the largest vinegar-preserved vegetable suppliers to Vietnam were China ($X), the United States ($X) and South Korea ($X), together accounting for X% of total imports.

Among the main suppliers, China, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined modestly in the following year.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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