Vietnam: Canned Vegetable Market 2025

Canned Vegetable Market Size in Vietnam

The Vietnamese canned vegetable market surged to $X in 2022, picking up by 35% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.3% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Canned Vegetable Production in Vietnam

In value terms, canned vegetable production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24%. Canned vegetable production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Canned Vegetable Exports

Exports from Vietnam

Canned vegetable exports from Vietnam contracted sharply to X tons in 2022, which is down by -47.1% compared with 2021. In general, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports declined markedly to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and Malaysia (X tons) were the main destinations of canned vegetable exports from Vietnam, together accounting for 54% of total exports. Saudi Arabia, South Korea, Taiwan (Chinese), Singapore, Germany, Hong Kong SAR, Thailand, Australia, the United Arab Emirates and Canada lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +159.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Malaysia ($X) appeared to be the largest markets for canned vegetable exported from Vietnam worldwide, together accounting for 44% of total exports. Saudi Arabia, Taiwan (Chinese), South Korea, Thailand, the United Arab Emirates, Canada, Hong Kong SAR, Singapore, Germany and Australia lagged somewhat behind, together accounting for a further 36%.

Thailand, with a CAGR of +157.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 canned vegetable export price amounted to $X per ton, increasing by 32% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned vegetable export price increased by +73.6% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Singapore ($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 Canada (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Vietnam

Canned vegetable imports into Vietnam stood at X tons in 2022, remaining stable against 2021 figures. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2016 when imports increased by 485% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, canned vegetable imports expanded slightly to $X in 2022. In general, imports saw a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 368% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of canned vegetable to Vietnam, accounting for a 95% share of total imports. It was followed by Italy (X tons), with a 1.1% share of total imports. The third position in this ranking was taken by Spain (X tons), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.8% per year) and Spain (+0.7% per year).

In value terms, China ($X) constituted the largest supplier of canned vegetables to Vietnam, comprising 96% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.6% share of total imports. It was followed by Spain, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.4% per year) and Spain (-6.0% per year).

Import Prices by Country

The average canned vegetable import price stood at $X per ton in 2022, increasing by 3.7% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of 23%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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