Vietnam: Chewing Gum Market 2024

Chewing Gum Market Size in Vietnam

The Vietnamese chewing gum market contracted significantly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Chewing Gum Production in Vietnam

In value terms, chewing gum production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Chewing Gum Exports

Exports from Vietnam

In 2022, chewing gum exports from Vietnam surged to X tons, jumping by X% against the previous year's figure. Overall, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports soared to $X in 2022. In general, exports, however, showed a slight contraction. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Saudi Arabia (X tons) were the main destinations of chewing gum exports from Vietnam, with a combined X% share of total exports. Senegal, Thailand, Brazil, Malaysia, Cote d'Ivoire, Ghana, the Philippines, Kuwait, Myanmar and Qatar lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) appeared to be the largest markets for chewing gum exported from Vietnam worldwide, together comprising X% of total exports. Senegal, Thailand, Brazil, Malaysia, Cote d'Ivoire, Ghana, the Philippines, Kuwait, Myanmar and Qatar lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 chewing gum export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per ton) and Ghana ($X per ton), while the average price for exports to Kuwait ($X per ton) and Malaysia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Vietnam

In 2022, imports of chewing gum into Vietnam surged to X tons, picking up by X% against the year before. Over the period under review, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chewing gum imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of chewing gum to Vietnam, accounting for a X% share of total imports. Moreover, chewing gum imports from the Philippines exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

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

In value terms, the Philippines ($X) constituted the largest supplier of chewing gum to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

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

Import Prices by Country

The average chewing gum import 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%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and Mexico ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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