Vietnam: Mushroom And Truffle Market 2025

Mushroom And Truffle Market Size in Vietnam

The Vietnamese mushroom and truffle market stood at $X in 2022, picking up by 3.6% against the previous year. Over the period under review, consumption saw prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Mushroom And Truffle Production in Vietnam

In value terms, mushroom and truffle production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 157%. Mushroom and truffle production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of mushrooms and truffles in Vietnam was estimated at less than X kg per ha in 2022, remaining constant against 2021. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Vietnam amounted to less than X ha in 2022, flattening at 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Vietnam

In 2022, the amount of mushrooms and truffles exported from Vietnam fell significantly to X tons, dropping by -35.7% against 2021 figures. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 1,463% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mushroom and truffle exports contracted to $X in 2022. Overall, exports recorded a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 1,670%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for mushroom and truffle exports from Vietnam, accounting for a 64% share of total exports. Moreover, mushroom and truffle exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was held by Canada (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+13.4% per year) and Canada (+54.1% per year).

In value terms, the United States ($X) remains the key foreign market for mushrooms and truffles exports from Vietnam, comprising 73% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports. It was followed by Switzerland, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+71.7% per year) and Switzerland (+16.1% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2022, growing by 38% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 107%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 the United States (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Vietnam

In 2022, approx. X tons of mushrooms and truffles were imported into Vietnam; increasing by 27% against the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 379% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, mushroom and truffle imports declined notably to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 221% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mushroom and truffle to Vietnam, accounting for a 88% share of total imports. Moreover, mushroom and truffle imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +60.8%.

In value terms, China ($X) constituted the largest supplier of mushrooms and truffles to Vietnam, comprising 88% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +39.2%.

Import Prices by Country

In 2022, the average mushroom and truffle import price amounted to $X per ton, falling by -33.2% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-13.4%).

Source: IndexBox Platform

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