Report Vietnam - Buttermilk and Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 31, 2022

Vietnam - Buttermilk and Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Market for Buttermilk And Buttermilk Powder 2022

Market Size for Buttermilk And Buttermilk Powder in Vietnam

In 2021, the Vietnamese buttermilk and buttermilk powder market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Vietnam

In value terms, buttermilk and buttermilk powder production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Buttermilk and buttermilk powder production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Vietnam

In 2021, buttermilk and buttermilk powder exports from Vietnam shrank to X tons, waning by -X% compared with 2020. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports reduced to $X in 2021. Over the period under review, exports showed a noticeable curtailment. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and China (X tons) were the main destinations of buttermilk and buttermilk powder exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Cambodia ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Malaysia (-X% per year).

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, buttermilk and buttermilk powder export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Vietnam

After two years of growth, purchases abroad of buttermilk and buttermilk powder decreased by -X% to X tons in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports contracted to $X in 2021. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest buttermilk and buttermilk powder supplier to Vietnam, with a X% share of total imports. Moreover, buttermilk and buttermilk powder imports from Thailand exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Germany (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of buttermilk and buttermilk powder to Vietnam, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?
+
The countries with the highest volumes of in 2021 were the United States, Germany and France, with a combined 35% share of global consumption. Russia, Turkey, Iran, China, the UK, Poland, Canada, Brazil, Italy and Uzbekistan lagged somewhat behind, together accounting for a further 32%.
What are the largest producers of butter in the world?
+
The countries with the highest volumes of in 2021 were the United States, New Zealand and Germany, with a combined 33% share of global production. These countries were followed by France, Ireland, Russia, Turkey, Iran, Poland, the Netherlands, the UK, Belarus and Canada, which together accounted for a further 35%.
What are the leading suppliers of butter to Vietnam?
+
In value terms, New Zealand constituted the largest supplier of butter to Vietnam, comprising 74% of total imports. The second position in the ranking was held by France, with a 21% share of total imports.
What are the leading importers of butter from Vietnam?
+
In value terms, Cambodia, Myanmar and Lao People's Democratic Republic constituted the largest markets for butter exported from Vietnam worldwide, together comprising 71% of total exports. These countries were followed by Hong Kong SAR and China, which together accounted for a further 29%.
What is the average export price for butter in Vietnam?
+
The average butter export price stood at $5,234 per ton in 2021, increasing by 10% against the previous year.
What is the average import price for butter in Vietnam?
+
The average butter import price stood at $4,738 per ton in 2021, rising by 7.3% against the previous year.

This report provides an in-depth analysis of the market for buttermilk and buttermilk powder 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 893 - Buttermilk, Curdled Milk, Acidified 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
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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