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

Vietnam: Whey Market Overview 2020

Whey Market Size in Vietnam

The revenue of the whey market in Viet Nam amounted to $X in 2018, jumping by X% 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). In general, whey consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the whey market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Whey Exports

Exports from Vietnam

Whey exports from Viet Nam totaled X tonnes in 2018, declining by -X% against the previous year. Overall, whey exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, whey exports totaled $X in 2018. Over the period under review, whey exports continue to indicate a deep downturn. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, whey exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tonnes) was the main destination for whey exports from Viet Nam, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Cambodia stood at -X%.

In value terms, Cambodia ($X) also remains the key foreign market for whey exports from Viet Nam.

From 2007 to 2018, the average annual rate of growth in terms of value to Cambodia totaled -X%.

Export Prices by Country

In 2018, the average whey export price amounted to $X per tonne, declining by -X% against the previous year. In general, the whey export price continues to indicate a temperate drop. The growth pace was the most rapid in 2008 an increase of X% y-o-y. In that year, the average export prices for whey reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for whey remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cambodia.

From 2007 to 2018, the rate of growth in terms of prices for Cambodia amounted to -X% per year.

Whey Imports

Imports into Vietnam

In 2018, approx. X tonnes of whey were imported into Viet Nam; jumping by X% against the previous year. Over the period under review, whey imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, whey imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, whey imports totaled $X in 2018. Over the period under review, whey imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest whey supplier to Viet Nam, with a X% share of total imports. Moreover, whey imports from the U.S. exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), twofold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and Germany (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of whey to Viet Nam, comprising X% of total whey imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average whey import price stood at $X per tonne in 2018, falling by -X% against the previous year. Over the period under review, the whey import price continues to indicate a measured downturn. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. In that year, the average import prices for whey reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for whey remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were France ($X per tonne) and Poland ($X per tonne), while the price for Canada ($X per tonne) and Lithuania ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform