Vietnam: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Vietnam

The Vietnamese concentrated apple juice market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate significant growth. Concentrated apple juice consumption peaked in 2022 and is likely to see steady growth in the near future.

Concentrated Apple Juice Exports

Exports from Vietnam

Concentrated apple juice exports from Vietnam surged to X tons in 2022, with an increase of X% compared with the previous year. Over the period under review, exports, however, recorded a abrupt decline. 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 2022, the growth of the exports failed to regain momentum.

In value terms, concentrated apple juice exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Australia (X tons) and Israel (X tons) were the main destinations of concentrated apple juice 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 Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated apple juice exported from Vietnam were Cambodia ($X), Australia ($X) and Israel ($X), together accounting for X% of total exports.

Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 concentrated apple juice export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a slight descent. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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Concentrated Apple Juice Imports

Imports into Vietnam

In 2022, imports of concentrated apple juice into Vietnam soared to X tons, rising by X% compared with the year before. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, concentrated apple juice imports surged to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest concentrated apple juice supplier to Vietnam, accounting for a X% share of total imports. Moreover, concentrated apple juice imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. The third position in this ranking was held by Turkey (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: Israel (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of concentrated apple juice to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average concentrated apple juice import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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