Vietnam: Fruit Flour Market 2024

Fruit Flour Market Size in Vietnam

The Vietnamese fruit flour market surged to $X in 2022, with an increase of 3,710% against the previous year. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Fruit Flour Production in Vietnam

In value terms, fruit flour production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14%. Fruit flour production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fruit Flour Exports

Exports from Vietnam

In 2022, exports of fruit flour from Vietnam reduced to X tons, which is down by -14.7% on 2021 figures. In general, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 114% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, fruit flour exports declined to $X in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 116% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Italy (X tons), Australia (X tons) and Poland (X tons) were the main destinations of fruit flour exports from Vietnam, together accounting for 41% of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +70.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Poland ($X) and Italy ($X) constituted the largest markets for fruit flour exported from Vietnam worldwide, with a combined 44% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +73.4%, saw the highest rates of growth with regard to 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 fruit flour export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price saw a prominent expansion. The growth pace was the most rapid in 2016 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Vietnam

In 2022, approx. X tons of fruit flour were imported into Vietnam; with a decrease of -9.1% on 2021. Overall, imports, however, showed a notable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 186%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fruit flour imports dropped modestly to $X in 2022. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 246%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Taiwan (Chinese) (X tons) and France (X tons) were the main suppliers of fruit flour imports to Vietnam, together accounting for 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +55.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of fruit flour to Vietnam, comprising 43% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.7% per year) and Thailand (+22.0% per year).

Import Prices by Country

The average fruit flour import price stood at $X per ton in 2022, rising by 6.7% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit flour import price decreased by -9.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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