Vietnam: Green Peas Market 2026

Green Peas Market Size in Vietnam

For the third consecutive year, the Vietnamese green peas market recorded growth in sales value, which increased by 14% to $12M in 2020. In general, consumption, however, enjoyed a resilient increase. The growth pace was the most rapid in 2009 with an increase of 419% against the previous year. Green peas consumption peaked at $14M in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Green Peas Production in Vietnam

In value terms, green peas production rose modestly to $4.5M in 2020 estimated in export prices. The total output value increased at an average annual rate of +2.4% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% year-to-year. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in the near future.

Green Peas Exports

Exports from Vietnam

In 2020, overseas shipments of peas (green) increased by 21% to 3.2K tonnes, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +4.4% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +46.6% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of 107% y-o-y. As a result, exports attained the peak of 3.8K tonnes. from 2009 to 2020, the growth exports remained at a lower figure.

In value terms, green peas exports surged to $4.1M in 2020. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2008 when exports increased by 84% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Taiwan (Chinese) (3K tonnes) was the main destination for green peas exports from Vietnam, accounting for a approx. 94% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +5.5%.

In value terms, Taiwan (Chinese) ($4M) also remains the key foreign market for green peas exports from Vietnam.

From 2007 to 2020, the average annual growth rate of value to Taiwan (Chinese) amounted to +10.8%.

Export Prices by Country

In 2020, the average green peas export price amounted to $1,267 per tonne, flattening at the previous year. Over the last thirteen years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25% against the previous year. Over the period under review, average export prices hit record highs at $1,274 per tonne in 2010; afterwards, it flattened through to 2020.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2007 to 2020, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +5.0% per year.

Green Peas Imports

Imports into Vietnam

In 2020, approx. 5.2K tonnes of peas (green) were imported into Vietnam; increasing by 7.8% against 2019. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 60% year-to-year. Over the period under review, imports reached the peak figure at 5.4K tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, green peas imports surged to $11M in 2020. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 56% y-o-y. Imports peaked at $13M in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (77 tonnes) constituted the largest supplier of green peas to Vietnam, with a approx. 1.5% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China stood at -14.6%.

In value terms, China ($119K) constituted the largest supplier of green peas to Vietnam.

From 2007 to 2020, the average annual growth rate of value from China stood at -19.1%.

Import Prices by Country

In 2020, the average green peas import price amounted to $2,047 per tonne, jumping by 26% against the previous year. Overall, the import price, however, recorded a pronounced decline. Over the period under review, average import prices attained the maximum at $3,107 per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to -5.3% per year.

Frequently Asked Questions (FAQ) :