Vietnam: Grain Market 2025

Grain Market Size in Vietnam

In 2022, the Vietnamese grain market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Grain Production in Vietnam

In value terms, grain production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Grain production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average grain yield in Vietnam fell to X tons per ha, leveling off at the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the average grain yield reached the maximum level at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Vietnam amounted to X ha in 2022, almost unchanged from 2021 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the grain harvested area failed to regain momentum.

Grain Exports

Exports from Vietnam

In 2022, shipments abroad of cereal grains decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, grain exports shrank to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The Philippines (X tons) and Cambodia (X tons) were the main destinations of grain exports from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%).

In value terms, the Philippines ($X) and Cambodia ($X) constituted the largest markets for grain exported from Vietnam worldwide.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Grain Imports

Imports into Vietnam

In 2022, approx. X tons of cereal grains were imported into Vietnam; remaining constant against 2021. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, grain imports reduced to $X in 2022. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest grain supplier to Vietnam, accounting for a X% share of total imports. Moreover, grain imports from Argentina exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Brazil (X tons) ranked third in terms of total imports 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: Australia (X% per year) and Brazil (X% per year).

In value terms, the largest grain suppliers to Vietnam were Argentina ($X), Australia ($X) and Brazil ($X), together accounting for X% of total imports. India, South Africa, Pakistan, Myanmar and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, recorded the highest growth rate of 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 grain import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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