Vietnam: Fruit Market 2024

Fruit Market Size in Vietnam

In 2022, after eight years of growth, there was significant decline in the Vietnamese fruit market, when its value decreased by X% to $X. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Fruit Production in Vietnam

In value terms, fruit production stood at $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Fruit production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of fruits in Vietnam shrank slightly to X tons per ha in 2022, with a decrease of X% against 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X%. The fruit yield peaked at X tons per ha in 2021, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fruit harvested area in Vietnam declined slightly to X ha in 2022, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. The fruit harvested area peaked at X ha in 2021, and then contracted in the following year.

Fruit Exports

Exports from Vietnam

In 2022, shipments abroad of fruits was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, fruit exports declined to $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for fruit exports from Vietnam, with a X% share of total exports. Moreover, fruit exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for fruits exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%.

Export Prices by Country

The average fruit export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Fruit Imports

Imports into Vietnam

In 2022, purchases abroad of fruits increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, fruit imports rose significantly to $X in 2022. In general, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest fruit supplier to Vietnam, accounting for a X% share of total imports. Moreover, fruit imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of fruits to Vietnam, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average fruit import price amounted to $X per ton, standing approx. at the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and New Zealand ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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