Report Update Nov 1, 2024

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

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Vietnam: Apple Market 2024

Apple Market Size in Vietnam

In 2021, the Vietnamese apple market increased by 18% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Apple Exports

Exports from Vietnam

In 2021, shipments abroad of apples increased by 240% to X tons, rising for the third year in a row after five years of decline. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 with an increase of 361%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, apple exports surged to $X in 2021. Overall, exports recorded a resilient increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for apple exports from Vietnam, accounting for a 98% share of total exports. It was followed by the United Arab Emirates (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled +59.6%.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for apples exports from Vietnam, comprising 89% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic amounted to +63.3%.

Export Prices by Country

In 2021, the average apple export price amounted to $X per ton, with an increase of 3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Lao People's Democratic Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Imports

Imports into Vietnam

In 2021, apple imports into Vietnam skyrocketed to X tons, rising by 17% on 2020 figures. Overall, imports showed temperate growth. The pace of growth was the most pronounced in 2019 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, apple imports soared to $X in 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 56% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

New Zealand (X tons), the United States (X tons) and China (X tons) were the main suppliers of apple imports to Vietnam, together accounting for 81% of total imports. These countries were followed by South Africa, France and Canada, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +46.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest apple suppliers to Vietnam were New Zealand ($X), the United States ($X) and China ($X), with a combined 81% share of total imports. These countries were followed by South Africa, France and Canada, which together accounted for a further 16%.

South Africa, with a CAGR of +49.1%, saw the highest growth rate of 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 2021, the average apple import price amounted to $X per ton, surging by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Africa ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.6%), 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 apples in the world?

China remains the largest apple consuming country worldwide, comprising approx. 47% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, the United States, tenfold. Turkey ranked third in terms of total consumption with a 3.8% share.

What are the largest producers of apples in the world?

China constituted the country with the largest volume of apple production, comprising approx. 48% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the United States, ninefold. The third position in this ranking was occupied by Turkey, with a 4.2% share.

What are the leading suppliers of apples to Vietnam?

In value terms, New Zealand, the United States and China were the largest apple suppliers to Vietnam, together comprising 83% of total imports. South Africa, France and Canada lagged somewhat behind, together comprising a further 14%.

What are the leading importers of apples from Vietnam?

In value terms, Lao People's Democratic Republic remains the key foreign market for apple exports from Vietnam, comprising 68% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 32% share of total exports.

What is the average export price for apples in Vietnam?

The average apple export price stood at $936 per ton in 2021, shrinking by -7.7% against the previous year.

What is the average import price for apples in Vietnam?

The average apple import price stood at $1,057 per ton in 2021, which is down by -7% against the previous year.

This report provides an in-depth analysis of the apple 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:

FCL 515 - Apples

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023