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Vietnam - Peas (Green) - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Green Peas Market Overview 2021

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Green Peas Market Size in Vietnam

In 2020, the Vietnamese green peas market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep slump. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Green Peas Production in Vietnam

In value terms, green peas production expanded to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Green peas production peaked in 2020 and is expected to retain growth in years to come.

The average yield of peas (green) in Viet Nam stood at X kg per ha in 2020, standing approx. at the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area in Viet Nam was estimated at X ha in 2020, standing approx. at the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Green Peas Exports

Exports from Vietnam

In 2020, overseas shipments of peas (green) increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, total exports indicated a pronounced increase from 2007 to 2020: its volume 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. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. from 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, green peas exports soared to $X in 2020. In general, total exports indicated a strong 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. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Taiwan (Chinese) (X tonnes) was the main destination for green peas exports from Viet Nam, with a approx. X% share of total exports.

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

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for green peas exports from Viet Nam.

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

Export Prices by Country

In 2020, the average green peas export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, export price indicated a tangible increase from 2007 to 2020: its price 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. Based on 2020 figures, green peas export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

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 +X% per year.

Green Peas Imports

Imports into Vietnam

In 2020, after two years of growth, there was significant decline in overseas purchases of peas (green), when their volume decreased by -X% to X tonnes. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, green peas imports contracted dramatically to $X in 2020. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) was the main supplier of green peas to Viet Nam, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of green peas to Viet Nam.

From 2007 to 2020, the average annual growth rate of value from China totaled -X%.

Import Prices by Country

The average green peas import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

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 -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (green) in the world?
+
China (14M tonnes) remains the largest green peas consuming country worldwide, comprising approx. 61% of total volume. Moreover, green peas consumption in China exceeded the figures recorded by the second-largest consumer, India (6M tonnes), twofold.
What are the largest producers of peas (green) in the world?
+
The country with the largest volume of green peas production was China (14M tonnes), accounting for 61% of total volume. Moreover, green peas production in China exceeded the figures recorded by the second-largest producer, India (6M tonnes), twofold.
What are the leading suppliers of peas (green) to Vietnam?
+
In value terms, China ($119K) constituted the largest supplier of green peas to Viet Nam.
What are the leading importers of peas (green) from Vietnam?
+
In value terms, Taiwan (Chinese) ($4M) remains the key foreign market for green peas exports from Viet Nam.
What is the average export price for peas (green) in Vietnam?
+
In 2020, the average green peas export price amounted to $1,307 per tonne, surging by 4.6% against the previous year.
What is the average import price for peas (green) in Vietnam?
+
The average green peas import price stood at $1,541 per tonne in 2020, falling by -5.3% against the previous year.

Product coverage:
• FCL 417 - Peas, green

This report provides an in-depth analysis of the green peas 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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