Vietnam: Market for Nuts (Prepared Or Preserved) 2025

Market Size for Nuts (Prepared Or Preserved) in Vietnam

The Vietnamese nuts (prepared or preserved) market dropped markedly to $X in 2021, waning by -46.1% against the previous year. In general, consumption recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Vietnam

In value terms, nuts (prepared or preserved) production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 59% against the previous year. Nuts (prepared or preserved) production peaked at $X in 2020, and then dropped in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from Vietnam

For the tenth consecutive year, Vietnam recorded growth in overseas shipments of nuts (prepared or preserved), which increased by 33% to X tons in 2021. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 139%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, nuts (prepared or preserved) exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 153%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

South Korea (X tons), the United States (X tons) and China (X tons) were the main destinations of nuts (prepared or preserved) exports from Vietnam, together comprising 73% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +68.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts (prepared or preserved) exported from Vietnam were China ($X), the United States ($X) and South Korea ($X), with a combined 63% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +63.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nuts (prepared or preserved) export price amounted to $X per ton, growing by 5.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Vietnam

In 2021, purchases abroad of nuts (prepared or preserved) increased by 12% to X tons, rising for the sixth consecutive year after three years of decline. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 227% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 when imports increased by 140%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nuts (prepared or preserved) to Vietnam, with a 78% share of total imports. Moreover, nuts (prepared or preserved) imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-10.3% per year) and Russia (+11.5% per year).

In value terms, China ($X) constituted the largest supplier of nuts (prepared or preserved) to Vietnam, comprising 68% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by Australia, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-6.3% per year) and Australia (+29.8% per year).

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The pace of growth was the most pronounced in 2015 when the average import price increased by 64%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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