Vietnam: Market for Prepared Dishes And Meals 2025

Market Size for Prepared Dishes And Meals in Vietnam

The Vietnamese prepared dish and meal market soared to $X in 2021, rising by 23% 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, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Exports of Prepared Dishes And Meals

Exports from Vietnam

For the third consecutive year, Vietnam recorded growth in shipments abroad of prepared dishes and meals, which increased by 36% to X tons in 2021. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of 90% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 64% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of prepared dish and meal exports from Vietnam, together accounting for 44% of total exports. These countries were followed by the United States, Germany, the Netherlands, Japan, Myanmar, Malaysia, South Korea, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the Philippines ($X) were the largest markets for prepared dish and meal exported from Vietnam worldwide, together comprising 57% of total exports. These countries were followed by the United States, Germany, the Netherlands, Japan, Myanmar, Malaysia, South Korea, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 21%.

Japan, with a CAGR of +57.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, waning by -3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. The export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Vietnam

In 2021, the amount of prepared dishes and meals imported into Vietnam soared to X tons, picking up by 22% against 2020 figures. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2013 with an increase of 62%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Malaysia (X tons), Thailand (X tons) and China (X tons) were the main suppliers of prepared dish and meal imports to Vietnam, together accounting for 44% of total imports. Singapore, the United States, South Korea, Indonesia, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +38.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Vietnam were the United States ($X), Singapore ($X) and Malaysia ($X), with a combined 53% share of total imports.

Singapore, with a CAGR of +46.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared dish and meal import price stood at $X per ton in 2021, rising by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.0%. The most prominent rate of growth was recorded in 2013 an increase of 48% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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