Vietnam: Apple Juice Market 2024

Apple Juice Market Size in Vietnam

After four years of growth, the Vietnamese apple juice market decreased by -2.6% to $X in 2021. Over the period under review, consumption saw a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Apple Juice Production in Vietnam

In value terms, apple juice production declined modestly to $X in 2021 estimated in export price. In general, production saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. Apple juice production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Apple Juice Exports

Exports from Vietnam

In 2021, overseas shipments of apple juice (single strength) increased by 139% to X tons, rising for the second year in a row after three years of decline. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 956%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, apple juice exports soared to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 842% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Chile (X tons) was the main destination for apple juice exports from Vietnam, accounting for a 55% share of total exports. Moreover, apple juice exports to Chile exceeded the volume sent to the second major destination, Mozambique (X tons), sixfold. Spain (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile totaled +60.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (0.0% per year) and Spain (0.0% per year).

In value terms, Chile ($X), Mozambique ($X) and Spain ($X) appeared to be the largest markets for apple juice exported from Vietnam worldwide, together accounting for 72% of total exports.

Among the main countries of destination, Chile, with a CAGR of +87.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average apple juice export price stood at $X per ton in 2021, flattening at the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Vietnam

Apple juice imports into Vietnam contracted dramatically to X tons in 2021, which is down by -36.9% on 2020 figures. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2019 with an increase of 224%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, apple juice imports declined remarkably to $X in 2021. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 272% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), China (X tons) and South Africa (X tons) were the main suppliers of apple juice imports to Vietnam, together accounting for 41% of total imports. These countries were followed by Australia, Japan, Thailand, the Netherlands, Austria, Cyprus, Turkey, Spain, the United Arab Emirates and Malaysia, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +81.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), South Africa ($X) and Australia ($X) constituted the largest apple juice suppliers to Vietnam, with a combined 41% share of total imports. Japan, Thailand, China, the Netherlands, Austria, Cyprus, Turkey, Spain, the United Arab Emirates and Malaysia lagged somewhat behind, together comprising a further 48%.

Among the main suppliers, the Netherlands, with a CAGR of +84.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average apple juice import price amounted to $X per ton, growing by 8.2% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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