Vietnam: Market for Seeds, Fruit and Spores Used for Sowing 2025

Market Size for Seeds, Fruit and Spores Used for Sowing in Vietnam

In 2022, the Vietnamese market for seeds, fruit and spores used for sowing decreased by -73.5% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Seeds, Fruit and Spores Used for Sowing in Vietnam

In value terms, production of seeds, fruit and spores used for sowing amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1,031,090,100%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

The average yield of seeds, fruit and spores used for sowing in Vietnam stood at less than X kg per ha in 2022, flattening at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of seeds, fruit and spores used for sowing were harvested in Vietnam; approximately equating the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Seeds, Fruit and Spores Used for Sowing

Exports from Vietnam

In 2022, exports of seeds, fruit and spores used for sowing from Vietnam amounted to X tons, increasing by 9.7% on the year before. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,895%. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of seeds, fruit and spores used for sowing reached $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,287% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of seeds, fruit and spores used for sowing from Vietnam, with a 46% share of total exports. Moreover, exports of seeds, fruit and spores used for sowing to the Netherlands exceeded the volume sent to the second major destination, Senegal (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+45.8% per year) and Malaysia (+59.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for seeds, fruit and spores used for sowing exports from Vietnam, comprising 64% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Senegal, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+68.7% per year) and Senegal (+49.5% per year).

Export Prices by Country

The average export price for seeds, fruit and spores used for sowing stood at $X per ton in 2022, which is down by -4.9% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average 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 Pakistan ($X per ton), while the average price for exports to Malaysia ($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 Pakistan (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Seeds, Fruit and Spores Used for Sowing

Imports into Vietnam

In 2022, overseas purchases of seeds, fruit and spores used for sowing were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 when imports increased by 100%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of seeds, fruit and spores used for sowing surged to $X in 2022. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 103%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), New Zealand (X tons) and Italy (X tons) were the main suppliers of imports of seeds, fruit and spores used for sowing to Vietnam, together accounting for 67% of total imports. Japan, Thailand, the United States, Uganda, Mexico and India lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +67.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of seeds, fruit and spores used for sowing to Vietnam, comprising 40% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by Mexico, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.6% per year) and Mexico (+55.3% per year).

Import Prices by Country

In 2022, the average import price for seeds, fruit and spores used for sowing amounted to $X per ton, falling by -21% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 48%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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