Vietnam: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Vietnam

The Vietnamese market for chocolate bars with cereals, fruit or nuts contracted to $X in 2022, with a decrease of -11.7% against the previous year. Overall, consumption showed a perceptible reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Vietnam

In value terms, production of chocolate bars with cereals, fruit or nuts contracted to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The growth pace was the most rapid in 2014 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Vietnam

Exports of chocolate bars with cereals, fruit or nuts from Vietnam soared to X tons in 2022, increasing by 30% against the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 233%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 371% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Vietnam, accounting for a 39% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+120.6% per year) and the Netherlands (+138.4% per year).

In value terms, the largest markets for cereal, fruit or nut chocolate bar exported from Vietnam were Japan ($X), China ($X) and the Netherlands ($X), with a combined 81% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +132.0%, 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

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, shrinking by -3.3% against the previous year. Overall, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 62% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Vietnam

In 2022, the amount of chocolate bars with cereals, fruit or nuts imported into Vietnam surged to X tons, jumping by 16% on 2021 figures. In general, imports posted a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 182%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2013 when imports increased by 171% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Vietnam, together accounting for 53% of total imports. The United States, South Korea, the Philippines, France, Taiwan (Chinese), China and Indonesia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +67.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Germany ($X) and Japan ($X) appeared to be the largest cereal, fruit or nut chocolate bar suppliers to Vietnam, with a combined 58% share of total imports. South Korea, the United States, France, China, the Philippines, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +74.8%, recorded the highest rates of growth with regard to 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 import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, surging by 59% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chocolate bars with cereals, fruit or nuts increased by +82.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for Taiwan (Chinese) ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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