Vietnam: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Vietnam

The Vietnamese market for pasta stuffed with meat, fish and cheese fell modestly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, enjoyed a resilient expansion. Meat, fish or cheese pasta consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in Vietnam

In value terms, meat, fish or cheese pasta production contracted to $X in 2022 estimated in export price. In general, production showed a strong increase. The growth pace was the most rapid in 2016 with an increase of 52%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Vietnam

In 2022, the amount of pasta stuffed with meat, fish and cheese exported from Vietnam rose remarkably to X tons, surging by 5.4% on the previous year. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 53%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat, fish or cheese pasta exports stood at $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 53%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for meat, fish or cheese pasta exports from Vietnam, with a 32% share of total exports. Moreover, meat, fish or cheese pasta exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+12.4% per year) and Japan (+6.1% per year).

In value terms, the United States ($X), the UK ($X) and Japan ($X) constituted the largest markets for meat, fish or cheese pasta exported from Vietnam worldwide, with a combined 45% share of total exports. Australia, France, the Netherlands, China, South Korea, Canada, Italy, Germany, Cambodia and Singapore lagged somewhat behind, together accounting for a further 49%.

In terms of the main countries of destination, Cambodia, with a CAGR of +55.9%, saw the highest rates of growth with regard to 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 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, falling by -4.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.6% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Vietnam

In 2022, the amount of pasta stuffed with meat, fish and cheese imported into Vietnam totaled X tons, therefore, remained relatively stable against the previous year. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 145%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, meat, fish or cheese pasta imports stood at $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 191%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Thailand (X tons) were the main suppliers of meat, fish or cheese pasta imports to Vietnam, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +61.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) constituted the largest meat, fish or cheese pasta suppliers to Vietnam, with a combined 94% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +68.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for pasta stuffed with meat, fish and cheese amounted to $X per ton, increasing by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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