Vietnam: Apple Juice Market 2024

Apple Juice Market Size in Vietnam

The Vietnamese apple juice market dropped to $X in 2022, reducing by X% against the previous year. Overall, the total consumption indicated a noticeable increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Apple Juice Production in Vietnam

In value terms, apple juice production contracted to $X in 2022 estimated in export price. In general, the total production indicated moderate 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Apple juice production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Apple Juice Exports

Exports from Vietnam

Apple juice exports from Vietnam contracted dramatically to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, apple juice exports declined sharply to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), the United States (X tons) and China (X tons) were the main destinations of apple juice exports from Vietnam, with a combined X% share of total exports.

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

In value terms, Chile ($X), the United States ($X) and China ($X) appeared to be the largest markets for apple juice exported from Vietnam worldwide, together comprising X% of total exports. Bangladesh, Australia, Venezuela, Israel, the United Arab Emirates, Senegal, Kazakhstan, Kuwait, Togo and Ghana lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Bangladesh, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average apple juice export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Togo ($X per ton) and Ghana ($X per ton), while the average price for exports to Kuwait ($X per ton) and Israel ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Vietnam

In 2022, after two years of decline, there was growth in supplies from abroad of apple juice (single strength), when their volume increased by X% to X tons. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, apple juice imports shrank modestly to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), Poland (X tons) and Thailand (X tons) were the main suppliers of apple juice imports to Vietnam, with a combined X% share of total imports. Japan, Cyprus, South Korea, Spain, New Zealand and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest apple juice suppliers to Vietnam were Australia ($X), Poland ($X) and Thailand ($X), together accounting for X% of total imports. Japan, Cyprus, South Korea, Spain, New Zealand and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average apple juice import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Poland ($X per ton), while the price for South Korea ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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