Vietnam: Brewing Dregs Market 2024

Brewing Dregs Market Size in Vietnam

The Vietnamese brewing dregs market reduced to $X in 2022, dropping by -14.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.3% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Brewing Dregs Exports

Exports from Vietnam

In 2022, approx. X tons of brewing or distilling dregs and waste were exported from Vietnam; growing by 8.3% compared with the previous year. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, brewing dregs exports rose sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 39% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for brewing dregs exports from Vietnam, accounting for a 72% share of total exports. Moreover, brewing dregs exports to Cambodia exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was taken by Lao People's Democratic Republic (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-16.5% per year) and Lao People's Democratic Republic (+10.1% per year).

In value terms, Cambodia ($X) remains the key foreign market for brewing or distilling dregs and waste exports from Vietnam, comprising 74% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.6% share of total exports. It was followed by Lao People's Democratic Republic, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-12.0% per year) and Lao People's Democratic Republic (+14.1% per year).

Export Prices by Country

The average brewing dregs export price stood at $X per ton in 2022, shrinking by -2.6% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brewing dregs export price increased by +50.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted modestly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Malaysia ($X per ton), while the average price for exports to the United States ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Brewing Dregs Imports

Imports into Vietnam

In 2022, approx. X tons of brewing or distilling dregs and waste were imported into Vietnam; which is down by -12.3% against the previous year. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2016 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, brewing dregs imports contracted sharply to $X in 2022. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, the United States (X tons) was the main brewing dregs supplier to Vietnam, accounting for a 95% share of total imports. Moreover, brewing dregs imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +13.3%.

In value terms, the United States ($X) constituted the largest supplier of brewing or distilling dregs and waste to Vietnam, comprising 95% of total imports. The second position in the ranking was taken by Canada ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +11.6%.

Import Prices by Country

The average brewing dregs import price stood at $X per ton in 2022, declining by -3.4% against the previous year. In general, the import price saw a slight setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.4%).

Source: IndexBox Platform

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