Report Update Feb 1, 2025

Vietnam - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Poppy Seed Market 2025

Poppy Seed Market Size in Vietnam

The Vietnamese poppy seed market amounted to $X in 2022, approximately reflecting the previous year. In general, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Poppy Seed Production in Vietnam

In value terms, poppy seed production stood at $X in 2022 estimated in export price. In general, production posted a strong increase. The growth pace was the most rapid in 2019 with an increase of 58% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average poppy seed yield in Vietnam amounted to less than X kg per ha, flattening at the previous year's figure. Overall, the yield showed 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, the total area harvested in terms of poppy seed production in Vietnam stood at less than X ha, flattening at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Poppy Seed Exports

Exports from Vietnam

In 2022, shipments abroad of poppy seed decreased by -32.7% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a sharp slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, poppy seed exports contracted rapidly to $X in 2022. In general, exports recorded a significant decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for poppy seed exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina was relatively modest.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, saw a significant expansion. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Poppy Seed Imports

Imports into Vietnam

In 2022, the amount of poppy seed imported into Vietnam surged to X tons, picking up by 26% against 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, poppy seed imports soared to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 117% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of poppy seed to Vietnam, with a 60% share of total imports. Moreover, poppy seed imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), fourfold. The third position in this ranking was taken by Germany (X kg), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+5.1% per year) and Germany (+31.2% per year).

In value terms, the United States ($X) constituted the largest supplier of poppy seed to Vietnam, comprising 60% of total imports. The second position in the ranking was held by Australia ($X), with a 16% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+0.8% per year) and Germany (+32.9% per year).

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, rising by 35% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 62%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

Turkey remains the largest poppy seed consuming country worldwide, accounting for 22% of total volume. Moreover, poppy seed consumption in Turkey exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by Poland, with a 6.6% share.

What are the largest producers of poppy seed in the world?

The countries with the highest volumes of poppy seed production in 2020 were Turkey, the Czech Republic and Spain, with a combined 58% share of global production. Australia, China, France, Hungary, Croatia, Slovakia, Germany, Austria and Palestine lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of poppy seed to Vietnam?

In value terms, Australia constituted the largest supplier of poppy seed to Vietnam, comprising 80% of total imports. The second position in the ranking was occupied by India $886), with a 20% share of total imports.

What is the average export price for poppy seed in Vietnam?

In 2019, the average poppy seed export price amounted to $8,164 per ton, approximately reflecting the previous year.

What is the average import price for poppy seed in Vietnam?

In 2020, the average poppy seed import price amounted to $5,853 per ton, surging by 8.2% against the previous year.

This report provides an in-depth analysis of the poppy seed market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 296 - Poppy seed

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024