Report Update Nov 1, 2024

Vietnam - Biological Products - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Biological Product Market 2024

Biological Product Market Size in Vietnam

In 2022, the Vietnamese biological product market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption, however, enjoyed a significant increase. Biological product consumption peaked in 2022 and is expected to retain growth in the immediate term.

Biological Product Exports

Exports from Vietnam

In 2022, approx. X tons of biological products were exported from Vietnam; with an increase of X% compared with the previous year's figure. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, biological product exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Myanmar (X tons) was the main destination for biological product exports from Vietnam, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar amounted to X%.

In value terms, Myanmar ($X) emerged as the key foreign market for biological products exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at X%.

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to X% per year.

Biological Product Imports

Imports into Vietnam

After three years of growth, supplies from abroad of biological products decreased by X% to X tons in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, biological product imports expanded sharply to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Argentina (X tons) constituted the largest biological product supplier to Vietnam, accounting for a X% share of total imports. Moreover, biological product imports from Argentina exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

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

In value terms, the largest biological product suppliers to Vietnam were Switzerland ($X), the United States ($X) and South Korea ($X), with a combined X% share of total imports. Austria, Argentina, France, the UK, Taiwan (Chinese), Brazil, Spain, China, Paraguay and Indonesia lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 biological product import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for biological products in the world?

The countries with the highest volumes of biological product consumption in 2020 were China, France and the United States, with a combined 35% share of global consumption. These countries were followed by India, Germany, Japan, Russia, Spain, Belgium, Mexico, Vietnam, Italy and Argentina, which together accounted for a further 36%.

What are the largest producers of biological products in the world?

The countries with the highest volumes of biological product production in 2020 were China, Switzerland and the United States, together accounting for 45% of global production. These countries were followed by France, Ireland, India, Germany, Spain, Japan, Russia, the UK, Argentina and South Korea, which together accounted for a further 43%.

What are the leading suppliers of biological products to Vietnam?

In value terms, the largest biological product suppliers to Vietnam were the United States, France and Belgium, with a combined 67% share of total imports. The Netherlands, Ireland, South Korea, Argentina, Austria, China, Denmark, Hungary, Spain and Indonesia lagged somewhat behind, together accounting for a further 22%.

What are the leading importers of biological products from Vietnam?

In value terms, Japan remains the key foreign market for biological product exports from Vietnam, comprising 50% of total exports. The second position in the ranking was occupied by Cambodia, with a 23% share of total exports. It was followed by Bangladesh, with a 6.9% share.

What is the average export price for biological products in Vietnam?

The average biological product export price stood at $35,082 per ton in 2020, surging by 9.9% against the previous year.

What is the average import price for biological products in Vietnam?

In 2020, the average biological product import price amounted to $37,827 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the biological product 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:

Prodcom 21202120 -
Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine
Prodcom 21202160 - Vaccines for veterinary medicine
Prodcom 21106055 - Human blood, animal blood prepared for therapeutic, p rophylactic or diagnostic uses, cultures of micro-organisms, t oxins (excluding yeasts)
Prodcom 21202320 - Blood-grouping reagents

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023