Report Vietnam - Whey - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

Vietnam - Whey - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Whey Market 2023

Whey Market Size in Vietnam

The Vietnamese whey market skyrocketed to $X in 2021, jumping by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Whey Exports

Exports from Vietnam

In 2021, overseas shipments of whey decreased by -15.4% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 138% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, whey exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 143%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for whey exports from Vietnam, accounting for a 83% share of total exports. Moreover, whey exports to Cambodia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia totaled -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-30.6% per year) and Lao People's Democratic Republic (+51.2% per year).

In value terms, Cambodia ($X) remains the key foreign market for whey exports from Vietnam, comprising 83% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 5.2% share of total exports. It was followed by Lao People's Democratic Republic, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Cambodia amounted to -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-29.4% per year) and Lao People's Democratic Republic (+35.5% per year).

Export Prices by Country

The average whey export price stood at $X per ton in 2021, with a decrease of -5.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 24%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Lao People's Democratic Republic ($X per ton) and Myanmar ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.8%), while the prices for the other major destinations experienced a decline.

Whey Imports

Imports into Vietnam

In 2021, the amount of whey imported into Vietnam surged to X tons, jumping by 26% compared with the previous year. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, whey imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.1% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of whey to Vietnam, accounting for a 48% share of total imports. Moreover, whey imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+29.1% per year) and Poland (-5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of whey to Vietnam, comprising 45% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by Poland, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.0% per year) and Poland (-6.2% per year).

Import Prices by Country

In 2021, the average whey import price amounted to $X per ton, increasing by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for whey in the world?
+
The countries with the highest volumes of consumption in 2021 were China, the Netherlands and Germany, with a combined 39% share of global consumption. These countries were followed by France, Italy, Denmark, Indonesia, the Czech Republic, Malaysia, the UK, Slovakia, Poland and Lithuania, which together accounted for a further 34%.
What are the largest producers of whey in the world?
+
The countries with the highest volumes of production in 2021 were the United States, France and Italy, together accounting for 37% of global production. Germany, the Netherlands, Poland, Belarus, Ireland, the Czech Republic, Belgium, Turkey, Austria and Australia lagged somewhat behind, together accounting for a further 40%.
What are the leading suppliers of whey to Vietnam?
+
In value terms, the United States constituted the largest supplier of whey to Vietnam, comprising 45% of total imports. The second position in the ranking was taken by Spain, with an 11% share of total imports. It was followed by Poland, with a 7.8% share.
What are the leading importers of whey from Vietnam?
+
In value terms, Cambodia remains the key foreign market for whey exports from Vietnam, comprising 83% of total exports. The second position in the ranking was taken by Taiwan Chinese), with a 5.2% share of total exports. It was followed by Lao People's Democratic Republic, with a 4.2% share.
What is the average export price for whey in Vietnam?
+
The average whey export price stood at $1,149 per ton in 2021, waning by -5.3% against the previous year.
What is the average import price for whey in Vietnam?
+
The average whey import price stood at $1,071 per ton in 2021, increasing by 18% against the previous year.

This report provides an in-depth analysis of the whey 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 2030.


Product coverage:
• FCL 890 - Whey, Condensed
• FCL 900 - Dry Whey
Country coverage:
• Vietnam

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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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