Vietnam: Cereal Market 2025

Cereal Market Size in Vietnam

In 2022, after two years of growth, there was decline in the Vietnamese cereal market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cereal Production in Vietnam

In value terms, cereal production expanded to $X in 2022 estimated in export price. In general, production recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Cereal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of cereals in Vietnam reduced modestly to X tons per ha, remaining constant against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the average cereal yield reached the peak level at X tons per ha in 2021, and then reduced 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.

In 2022, the harvested area of cereals in Vietnam amounted to X ha, flattening at the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 cereal harvested area failed to regain momentum.

Cereal Exports

Exports from Vietnam

In 2022, overseas shipments of cereals decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, cereal exports fell to $X in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The Philippines (X tons) and Cambodia (X tons) were the main destinations of cereal 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) were the largest markets for cereal exported from Vietnam worldwide.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external 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 amounted to $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.

Cereal Imports

Imports into Vietnam

In 2022, cereal imports into Vietnam reached X tons, remaining stable against 2021 figures. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cereal imports shrank to $X in 2022. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest cereal supplier to Vietnam, with a X% share of total imports. Moreover, cereal 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 rate of growth in terms of volume from Argentina amounted to 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, Argentina ($X), Australia ($X) and Brazil ($X) appeared to be the largest cereal suppliers to Vietnam, together comprising X% of total imports. India, South Africa, Pakistan, Myanmar and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, saw 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

In 2022, the average cereal import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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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