Store → Food Products → Cocoa, Chocolate And Confectionery → Confectionery

Latest Report Update: Oct 7, 2022

Vietnam - Confectionery - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Vietnam: Confectionery Market 2022

Confectionery Market Size in Vietnam

The vietnamese confectionery market contracted modestly to $X in 2021, shrinking 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 a pronounced downturn.As a result, consumption attained the peak level of $X. from 2014 to 2021, the growth of the market failed to regain momentum.

Confectionery Production in Vietnam

In value terms, confectionery production declined modestly to $X in 2021 estimated in export price.Overall, production saw a perceptible shrinkage.The pace of growth appeared the most rapid in 2013 with an increase of X a result, production reached the peak level of $X. from 2014 to 2021, production growth failed to regain momentum.

Confectionery Exports

Exports from Vietnam

Confectionery exports from vietnam amounted to X tons in 2021, growing by X% against the previous year.Over the period under review, exports, however, recorded a relatively flat trend pattern.The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year.As a result, the exports reached the peak of X tons. from 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, confectionery exports amounted to $X in 2021.Overall, exports recorded a relatively flat trend pattern.The growth pace was the most rapid in 2013 with an increase of X% against the previous year.The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for confectionery exports from Vietnam, with a X% share of total exports. Moreover, confectionery exports to Myanmar exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and China (-X% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for confectionery exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2021, the average confectionery export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

Confectionery Imports

Imports into Vietnam

In 2021, purchases abroad of confectionery decreased by -X% to X tons, falling for the second year in a row after four years of growth.Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume 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, imports decreased by -X% against 2019 indices.The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year.Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, confectionery imports contracted to $X in 2021.In general, total imports indicated strong growth from 2012 to 2021: its value 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, imports decreased by -X% against 2019 indices.The growth pace was the most rapid in 2013 when imports increased by X the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of confectionery imports to Vietnam, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Indonesia ($X) constituted the largest confectionery suppliers to Vietnam, together accounting for X% of total imports. The philippines, the united states, germany, japan, belgium, thailand, the netherlands, singapore, australia and turkey lagged somewhat behind, together comprising a further X the main suppliers, Japan, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average confectionery import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. from 2014 to 2021, the average import prices remained 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 Germany ($X per ton), while the price for Turkey ($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 Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for confectionery in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 32% of global consumption. These countries were followed by Pakistan, Japan, Bangladesh, Indonesia, Brazil, Russia, Nigeria and Mexico, which together accounted for a further 21%.

What are the largest producers of confectionery in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, together accounting for 30% of global production. These countries were followed by Germany, Pakistan, Indonesia, Japan, Brazil, Russia, Mexico, Nigeria and Ethiopia, which together accounted for a further 24%.

What are the leading suppliers of confectionery to Vietnam?

In value terms, the largest confectionery suppliers to Vietnam were China, Malaysia and Indonesia, with a combined 52% share of total imports. These countries were followed by the Philippines, the United States, Germany, Japan, Belgium, Thailand, the Netherlands, Singapore, Australia and Turkey, which together accounted for a further 38%.

What are the leading importers of confectionery from Vietnam?

In value terms, Myanmar emerged as the key foreign market for confectionery exports from Vietnam, comprising 64% of total exports. The second position in the ranking was taken by Oman, with a 14% share of total exports. It was followed by the Netherlands, with a 4.8% share.

What is the average export price for confectionery in Vietnam?

The average confectionery export price stood at $3,968 per ton in 2021, dropping by -7.2% against the previous year.

What is the average import price for confectionery in Vietnam?

The average confectionery import price stood at $3,346 per ton in 2021, with an increase of 2.2% against the previous year.

This report provides an in-depth analysis of the confectionery market 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:

• Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

• Prodcom 10821200 - Cocoa butter, fat and oil

• Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter

• Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter

• Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of

• Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg

• Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg

• Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)

• Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)

• Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)

• Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)

• Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)

• Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)

• Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)

• Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)

• Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)

• Prodcom 10822270 - Chocolate spreads

• Prodcom 10822280 - Preparations containing cocoa for making beverages

• Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)

• Prodcom 10822310 - Chewing gum

• Prodcom 10822320 - Liquorice cakes, blocks, sticks and pastilles containing > .10 % by weight of sucrose, but not containing any other substances

• Prodcom 10822330 - White chocolate

• Prodcom 10822353 - Sugar confectionery pastes in immediate packings of a net content . 1 kg (including marzipan, fondant, nougat and almond pastes)

• Prodcom 10822355 - Throat pastilles and cough drops consisting essentially of sugars and flavouring agents (excluding pastilles or drops with flavouring agents containing medicinal properties)

• Prodcom 10822363 - Sugar-coated (panned) goods (including sugar almonds)

• Prodcom 10822365 - Gums, fruit jellies and fruit pastes in the form of sugar confectionery (excluding chewing gum)

• Prodcom 10822373 - Boiled sweets

• Prodcom 10822375 - Toffees, caramels and similar sweets

• Prodcom 10822383 - Compressed tablets of sugar confectionery (including cachous)

• Prodcom 10822390 - Sugar confectionery, n.e.c.

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

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance