Vietnam: Melon Seed Market 2025

Melon Seed Market Size in Vietnam

The Vietnamese melon seed market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Melon Seed Exports

Exports from Vietnam

After three years of growth, overseas shipments of melon seed decreased by -38.3% to X tons in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 325% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, melon seed exports contracted dramatically to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 230%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Japan (X kg) was the main destination for melon seed exports from Vietnam, with a 49% share of total exports. Moreover, melon seed exports to Japan exceeded the volume sent to the second major destination, the UK (X kg), threefold. Burkina Faso (X kg) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+72.2% per year) and Burkina Faso (+45.8% per year).

In value terms, Senegal ($X), the Netherlands ($X) and Thailand ($X) appeared to be the largest markets for melon seed exported from Vietnam worldwide, together accounting for 65% of total exports. Japan, the United States, the UK, Burkina Faso, Lao People's Democratic Republic, Denmark and South Korea lagged somewhat behind, together accounting for a further 9.8%.

Denmark, with a CAGR of +3,166.7%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average melon seed export price amounted to $X per ton, rising by 37% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2017 an increase of 151%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Denmark ($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 States (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Melon Seed Imports

Imports into Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of melon seed, when their volume increased by 15% to X tons. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, melon seed imports stood at $X in 2022. Overall, imports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest melon seed supplier to Vietnam, with a 83% share of total imports. Moreover, melon seed imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. India (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and India (+57.6% per year).

In value terms, China ($X) constituted the largest supplier of melon seed to Vietnam, comprising 84% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports. It was followed by India, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.4% per year) and India (+73.2% per year).

Import Prices by Country

The average melon seed import price stood at $X per ton in 2022, falling by -10.9% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, melon seed import price increased by +31.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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