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Vietnam - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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Vietnam: Peanut Butter Market Overview 2021

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Peanut Butter Market Size in Vietnam

In 2020, the Vietnamese peanut butter market decreased by -X% to $X for the first time since 2012, thus ending a seven-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2019, and then declined rapidly in the following year.

Peanut Butter Production in Vietnam

In value terms, peanut butter production contracted markedly to $X in 2020 estimated in export prices. In general, the total production indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019, and then declined notably in the following year.

Peanut Butter Exports

Exports from Vietnam

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Overall, exports saw a noticeable slump. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, peanut butter exports shrank to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tonnes), Russia (X tonnes) and the U.S. (X tonnes) were the main destinations of peanut butter exports from Viet Nam, together accounting for X% of total exports. Canada, Japan, France, the Philippines, China, Singapore and Cambodia lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peanut butter exported from Viet Nam were Russia ($X), Taiwan (Chinese) ($X) and the U.S. ($X), together accounting for X% of total exports. These countries were followed by Canada, Japan, France, China, Singapore, Cambodia and the Philippines, which together accounted for a further X the main countries of destination, Cambodia (+X% per year) recorded the highest growth rate of 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

In 2020, the average peanut butter export price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Russia ($X per tonne), while the average price for exports to the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Vietnam

In 2020, purchases abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tonnes for the first time since 2015, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, peanut butter imports reduced modestly to $X in 2020. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) constituted the largest peanut butter supplier to Viet Nam, accounting for a X% share of total imports. Moreover, peanut butter imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and the U.S. (-X% per year).

In value terms, Australia ($X), the U.S. ($X) and China ($X) appeared to be the largest peanut butter suppliers to Viet Nam, with a combined X% share of total imports. Thailand, Russia, New Zealand and Singapore lagged somewhat behind, together comprising a further X Zealand (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average peanut butter import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price showed a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne, and then contracted markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?
+
China (974K tonnes) remains the largest peanut butter consuming country worldwide, comprising approx. 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. The third position in this ranking was occupied by India (350K tonnes), with a 6.8% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?
+
China (1.2M tonnes) constituted the country with the largest volume of peanut butter production, accounting for 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. India (397K tonnes) ranked third in terms of total production with a 7.6% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Vietnam?
+
In value terms, Australia ($211K), the U.S. ($199K) and China ($184K) were the largest peanut butter suppliers to Viet Nam, together comprising 66% of total imports. Thailand, Russia, New Zealand and Singapore lagged somewhat behind, together accounting for a further 27%.
What are the leading importers of peanut butter and prepared or preserved groundnuts from Vietnam?
+
In value terms, Russia ($3.5M), Taiwan (Chinese) ($2.1M) and the U.S. ($1.5M) constituted the largest markets for peanut butter exported from Viet Nam worldwide, together accounting for 69% of total exports. These countries were followed by Canada, Japan, France, China, Singapore, Cambodia and the Philippines, which together accounted for a further 26%.
What is the average export price for peanut butter and prepared or preserved groundnuts in Vietnam?
+
In 2020, the average peanut butter export price amounted to $2,230 per tonne, picking up by 9.2% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Vietnam?
+
In 2020, the average peanut butter import price amounted to $2,339 per tonne, with a decrease of -18% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter 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 2025.


Country coverage:
• Viet Nam

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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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