Vietnam: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in Vietnam

The Vietnamese prepared dishes and meal market reached $X in 2022, increasing 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). Overall, consumption, however, posted strong growth. Prepared dishes and meal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Prepared Dishes and Meals

Exports from Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas shipments of prepared dishes and meals, which increased by X% to X tons in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared dishes and meal exports surged to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Philippines (X tons), China (X tons) and Thailand (X tons) were the main destinations of prepared dishes and meal exports from Vietnam, together comprising X% of total exports. The United States, Germany, the Netherlands, Japan, Malaysia, South Korea, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Philippines ($X), China ($X) and Thailand ($X) were the largest markets for prepared dishes and meal exported from Vietnam worldwide, with a combined X% share of total exports. The United States, Germany, the Netherlands, Japan, Malaysia, South Korea, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, recorded 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 prepared dishes and meal export price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average export price increased by 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 foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

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

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Imports of Prepared Dishes and Meals

Imports into Vietnam

In 2022, approx. X tons of prepared dishes and meals were imported into Vietnam; jumping by X% against 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, prepared dishes and meal imports soared to $X in 2022. Overall, imports saw strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Singapore (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of prepared dishes and meal imports to Vietnam, together comprising X% of total imports. China, South Korea, New Zealand, Thailand, Spain, Russia, the Netherlands, Japan, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest prepared dishes and meal suppliers to Vietnam were Singapore ($X), the United States ($X) and Malaysia ($X), with a combined X% share of total imports. China, South Korea, New Zealand, Thailand, Spain, Russia, the Netherlands, Japan, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prepared dishes and meal import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and Spain ($X per ton), while the price for Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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