Vietnam: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Vietnam

In 2021, after five years of decline, there was significant growth in the Vietnamese fruit or nut preserves market, when its value increased by 7.2% to $X. In general, consumption, however, continues to indicate a mild slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Vietnam

In value terms, fruit or nut preserves production expanded significantly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Vietnam

In 2021, approx. X tons of jams, marmalades, fruit jellies, fruit or nut purees and pastes were exported from Vietnam; leveling off at the year before. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 830% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, fruit or nut preserves exports totaled $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 934% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for fruit or nut preserves exports from Vietnam, accounting for a 37% share of total exports. Moreover, fruit or nut preserves exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.6% per year) and Saudi Arabia (+41.1% per year).

In value terms, the United States ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Vietnam, comprising 38% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+26.6% per year) and Saudi Arabia (+44.4% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) and Taiwan (Chinese) ($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 the United States (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Vietnam

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes imported into Vietnam soared to X tons, with an increase of 19% against the previous year. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 35%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of fruit or nut preserves imports to Vietnam, together comprising 66% of total imports. These countries were followed by Indonesia, France, Japan, Germany, South Korea, the United States and Taiwan (Chinese), which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit or nut preserves suppliers to Vietnam were China ($X), Thailand ($X) and Malaysia ($X), together comprising 66% of total imports. Indonesia, France, Japan, Germany, South Korea, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Indonesia, with a CAGR of +55.1%, 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

In 2021, the average fruit or nut preserves import price amounted to $X per ton, growing by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 54%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Indonesia ($X per ton), while the price for South Korea ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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