Vietnam: Potato Market 2025

Potato Market Size in Vietnam

The Vietnamese potato market surged to $X in 2021, with an increase of 31% against the previous year. Over the period under review, consumption, however, recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Potato Production in Vietnam

In value terms, potato production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the production volume increased by 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of potatoes in Vietnam fell slightly to X tons per ha, flattening at the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 3.9% against the previous year. The potato yield peaked at X tons per ha in 2020, and then declined 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.

In 2021, the harvested area of potatoes in Vietnam rose sharply to X ha, growing by 7.5% compared with the previous year. Overall, the harvested area, however, showed a noticeable descent. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, the harvested area dedicated to potato production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Potato Exports

Exports from Vietnam

In 2021, approx. X tons of potatoes were exported from Vietnam; with an increase of 171% against the previous year. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,008% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, potato exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 802% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for potato exports from Vietnam, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +62.2%.

In value terms, Lao People's Democratic Republic ($X) also remains the key foreign market for potato exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled +56.2%.

Export Prices by Country

The average potato export price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to +18.2% per year.

Potato Imports

Imports into Vietnam

In 2021, approx. X tons of potatoes were imported into Vietnam; growing by 187% against the previous year's figure. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest potato supplier to Vietnam, with a 82% share of total imports. Moreover, potato imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.2% per year) and Germany (+42.7% per year).

In value terms, China ($X) constituted the largest supplier of potato to Vietnam, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.3% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.9% per year) and Germany (+48.2% per year).

Import Prices by Country

The average potato import price stood at $X per ton in 2021, picking up by 70% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato import price increased by +77.0% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Australia ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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