Vietnam: Citrus Fruit Market 2024

Citrus Fruit Market Size in Vietnam

The Vietnamese citrus fruit market expanded markedly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a prominent increase. Citrus fruit consumption peaked in 2022 and is likely to see steady growth in the near future.

Citrus Fruit Production in Vietnam

In value terms, citrus fruit production expanded slightly to $X in 2022 estimated in export price. In general, production, however, showed a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. Citrus fruit production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of citrus fruits in Vietnam dropped to X tons per ha in 2022, waning by X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. Over the period under review, the average citrus fruit yield attained the peak level at X tons per ha in 2021, and then declined 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 total area harvested in terms of citrus fruits production in Vietnam fell modestly to X ha, which is down by X% against the previous year. Overall, the harvested area, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The citrus fruit harvested area peaked at X ha in 2021, and then declined slightly in the following year.

Citrus Fruit Exports

Exports from Vietnam

For the third consecutive year, Vietnam recorded growth in overseas shipments of citrus fruits, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, citrus fruit exports surged to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for citrus fruit exports from Vietnam, accounting for a X% share of total exports. Moreover, citrus fruit exports to the United Arab Emirates exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), more than tenfold. Hong Kong SAR (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 the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Hong Kong SAR (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for citrus fruits exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average citrus fruit export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

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

Citrus Fruit Imports

Imports into Vietnam

In 2022, after three years of decline, there was significant growth in supplies from abroad of citrus fruits, when their volume increased by X% to X tons. Overall, imports saw a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest citrus fruit supplier to Vietnam, accounting for a X% share of total imports. Moreover, citrus fruit imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of citrus fruits to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

The average citrus fruit import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and China ($X per ton), while the price for Egypt ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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