Vietnam: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Vietnam

The Vietnamese mixes and doughs market reduced to $X in 2022, leveling off at the previous year. Overall, consumption showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mixes And Doughs Production in Vietnam

In value terms, mixes and doughs production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 with an increase of 15%. Mixes and doughs production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mixes And Doughs Exports

Exports from Vietnam

In 2022, exports of mixes and doughs from Vietnam expanded modestly to X tons, growing by 2.2% on the year before. In general, exports saw a temperate expansion. The growth pace was the most rapid in 2017 when exports increased by 459% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, mixes and doughs exports reached $X in 2022. Over the period under review, exports saw pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 479% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for mixes and doughs exports from Vietnam, accounting for a 35% share of total exports. Moreover, mixes and doughs exports to China exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+8.0% per year) and the United States (+11.3% per year).

In value terms, China ($X) remains the key foreign market for mixes and doughs exports from Vietnam, comprising 35% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+9.7% per year) and the United States (+13.0% per year).

Export Prices by Country

The average mixes and doughs export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and Indonesia ($X per ton), while the average price for exports to South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Vietnam

Mixes and doughs imports into Vietnam fell notably to X tons in 2022, waning by -15.3% against the previous year's figure. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 95%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, mixes and doughs imports contracted dramatically to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 95%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of mixes and doughs to Vietnam, with a 51% share of total imports. Moreover, mixes and doughs imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Singapore (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and Singapore (+5.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of mixes and doughs to Vietnam, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Singapore, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.7% per year) and Singapore (+6.0% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, dropping by -2.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Thailand ($X per ton), while the price for the United States ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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