Vietnam: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Vietnam

The Vietnamese breakfast cereal market rose rapidly to $X in 2021, with an increase of X% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Breakfast cereal consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Vietnam

In value terms, breakfast cereal production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Vietnam

In 2021, overseas shipments of breakfast cereals increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, breakfast cereal exports skyrocketed to $X in 2021. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Russia (X tons) were the main destinations of breakfast cereal exports from Vietnam, with a combined X% share of total exports. These countries were followed by Senegal, Thailand, the United States, China, Qatar, the United Arab Emirates, Turkey, Singapore, Myanmar and Nigeria, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Russia ($X) were the largest markets for breakfast cereal exported from Vietnam worldwide, together accounting for X% of total exports. These countries were followed by China, Thailand, the United States, Qatar, the United Arab Emirates, Turkey, Singapore, Myanmar, Nigeria and Senegal, which together accounted for a further X the main countries of destination, Qatar, with a CAGR of +X%, saw the highest growth rate of 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 breakfast cereal export price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Senegal ($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 South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Vietnam

For the sixth consecutive year, Vietnam recorded growth in supplies from abroad of breakfast cereals, which increased by X% to X tons in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, breakfast cereal imports amounted to $X in 2021. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of breakfast cereal imports to Vietnam, together accounting for X% of total imports. These countries were followed by Japan, China, Australia and Chile, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Vietnam were Thailand ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by Malaysia, Australia, China and Chile, which together accounted for a further X terms of the main suppliers, Chile, with a CAGR of +X%, 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

The average breakfast cereal import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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