Report Update Nov 1, 2024

Vietnam - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Oleo Oils Market 2024

Oleo Oils Market Size in Vietnam

In 2021, the Vietnamese oleo oils market decreased by -11.7% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption, however, continues to indicate a prominent increase. Oleo oils consumption peaked at $X in 2020, and then shrank in the following year.

Oleo Oils Production in Vietnam

In value terms, oleo oils production reduced to $X in 2021 estimated in export price. In general, production, however, recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, production reached the peak level of $X, and then shrank in the following year.

Oleo Oils Exports

Exports from Vietnam

In 2021, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -14% to X tons, falling for the eighth year in a row after two years of growth. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 133% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, oleo oils exports soared to $X in 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 102% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for oleo oils exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) amounted to -25.8%.

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled -14.5%.

Export Prices by Country

The average oleo oils export price stood at $X per ton in 2021, increasing by 35% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +15.3% per year.

Oleo Oils Imports

Imports into Vietnam

For the third year in a row, Vietnam recorded decline in overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which decreased by -46.2% to X tons in 2021. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 369% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, oleo oils imports shrank notably to $X in 2021. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 297% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X kg) were the main suppliers of oleo oils imports to Vietnam, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +122.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Japan ($X) appeared to be the largest oleo oils suppliers to Vietnam, together accounting for 80% of total imports.

South Korea, with a CAGR of +43.1%, recorded the highest growth rate of the value of imports, among 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 oleo oils import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 159%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Japan ($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 UK (+29.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of oleo oils consumption in 2020 were Ireland, the United States and Malaysia, with a combined 57% share of global consumption. The UK, Sudan, Egypt and the Netherlands lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of oleo oils production in 2020 were the UK, Ireland and the United States, together comprising 75% of global production.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Vietnam?

In value terms, the largest oleo oils suppliers to Vietnam were Hong Kong SAR, South Korea and Taiwan Chinese), together comprising 84% of total imports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from Vietnam?

In value terms, Taiwan Chinese) remains the key foreign market for oleo oils exports from Vietnam.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Vietnam?

In 2020, the average oleo oils export price amounted to $877 per ton, remaining relatively unchanged against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Vietnam?

In 2020, the average oleo oils import price amounted to $2,645 per ton, growing by 159% against the previous year.

This report provides an in-depth analysis of the oleo oils market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023