Vietnam: Root And Tuber Market 2024

Root And Tuber Market Size in Vietnam

In 2022, the Vietnamese root and tuber market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Vietnam

In value terms, root and tuber production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Root and tuber production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average root and tuber yield in Vietnam shrank modestly to X tons per ha, remaining constant against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of roots and tubers in Vietnam stood at X ha, remaining relatively unchanged against 2021. Overall, the harvested area, however, saw a slight contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Vietnam

In 2022, shipments abroad of roots and tubers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, root and tuber exports declined to $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for root and tuber exports from Vietnam, with a X% share of total exports. Moreover, root and tuber exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for roots and tubers exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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

Root And Tuber Imports

Imports into Vietnam

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, root and tuber imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Cambodia (X tons) constituted the largest supplier of root and tuber to Vietnam, with a X% share of total imports. Moreover, root and tuber imports from Cambodia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cambodia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, Cambodia ($X) constituted the largest supplier of roots and tubers to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cambodia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and China (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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