Vietnam: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Vietnam

The Vietnamese temporarily preserved vegetable market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Temporarily preserved vegetable consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Temporarily Preserved Vegetable Production in Vietnam

In value terms, temporarily preserved vegetable production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Temporarily Preserved Vegetable Exports

Exports from Vietnam

Temporarily preserved vegetable exports from Vietnam fell notably to X tons in 2022, dropping by -51.8% on the previous year. Over the period under review, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2019 when exports increased by 112% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable exports fell dramatically to $X in 2022. Overall, exports showed a mild descent. The growth pace was the most rapid in 2019 with an increase of 143%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Italy (X tons) were the main destinations of temporarily preserved vegetable exports from Vietnam, together accounting for 75% of total exports. France, China, Thailand and Russia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +9.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for temporarily preserved vegetable exported from Vietnam were Taiwan (Chinese) ($X), Japan ($X) and Italy ($X), together comprising 75% of total exports. France, China, Thailand and Russia lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, France, with a CAGR of +8.5%, saw 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

The average temporarily preserved vegetable export price stood at $X per ton in 2022, increasing by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2019 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Japan ($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 Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Vietnam

In 2022, the amount of vegetables (temporarily preserved) imported into Vietnam expanded remarkably to X tons, surging by 9.3% on the previous year. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 309%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports shrank to $X in 2022. Over the period under review, imports recorded a notable expansion. The growth pace was the most rapid in 2013 when imports increased by 301%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Lao People's Democratic Republic (X tons) were the main suppliers of temporarily preserved vegetable imports to Vietnam, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable suppliers to Vietnam were China ($X), Japan ($X) and Lao People's Democratic Republic ($X), together accounting for 98% of total imports.

Japan, with a CAGR of +78.3%, recorded 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 temporarily preserved vegetable import price amounted to $X per ton, waning by -14% against the previous year. In general, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.3%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Lao People's Democratic Republic ($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 (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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