Vietnam: Citrus Fruit Market 2024

Citrus Fruit Market Size in Vietnam

The Vietnamese citrus fruit market reached $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Citrus Fruit Production in Vietnam

In value terms, citrus fruit production rose sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of citrus fruits in Vietnam shrank to X tons per ha, reducing by X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. The citrus fruit yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of citrus fruits production in Vietnam contracted slightly to X ha, with a decrease of X% against the previous year's figure. In general, the harvested area, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to citrus fruit production reached the maximum at X ha in 2021, and then dropped modestly in the following year.

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Citrus Fruit Exports

Exports from Vietnam

In 2022, shipments abroad of citrus fruits increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, citrus fruit exports soared to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), the Netherlands (X tons) and Malaysia (X tons) were the main destinations of citrus fruit exports from Vietnam, with a combined X% share of total exports. Lao People's Democratic Republic, Cambodia, Hong Kong SAR, Canada, Singapore, China and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for citrus fruit exported from Vietnam were the United Arab Emirates ($X), the Netherlands ($X) and Malaysia ($X), together comprising X% of total exports. Lao People's Democratic Republic, Cambodia, Hong Kong SAR, Singapore, Canada, China and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Cambodia, 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 citrus fruit export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Citrus Fruit Imports

Imports into Vietnam

For the fifth consecutive year, Vietnam recorded growth in purchases abroad of citrus fruits, which increased by X% to X tons in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest citrus fruit supplier to Vietnam, accounting for a X% share of total imports. Moreover, citrus fruit imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was held by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of citrus fruits to Vietnam, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

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

Import Prices by Country

The average citrus fruit import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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