Vietnam: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Vietnam

In 2020, the Vietnamese roots and tubers, nes market was finally on the rise to reach $X after two years of decline. Overall, consumption posted a modest increase. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Production of Roots and Tubers, nes in Vietnam

In value terms, roots and tubers, nes production rose notably to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

The average yield of roots and tubers, nes in Vietnam totaled X kg per ha in 2020, almost unchanged from 2019 figures. Over the period under review, 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 2020, the total area harvested in terms of roots and tubers, nes production in Vietnam amounted to X ha, standing approx. at 2019. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Roots and Tubers, nes

Exports from Vietnam

After two years of growth, shipments abroad of roots and tubers, nes decreased by -X% to X tons in 2020. In general, exports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2019 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, roots and tubers, nes exports declined to $X in 2020. Overall, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2019, and then declined in the following year.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main destinations of roots and tubers, nes exports from Vietnam, with a combined X% share of total exports. These countries were followed by Australia, the U.S., France, the UK, Canada, New Zealand, Malaysia, Belgium and the Philippines, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Australia ($X) constituted the largest markets for roots and tubers, nes exported from Vietnam worldwide, with a combined X% share of total exports. China, France, the U.S., the UK, Canada, the Philippines, Malaysia, New Zealand and Belgium lagged somewhat behind, together accounting for a further X the main countries of destination, the Philippines (+X% per year) recorded the highest growth rate of 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 2020, the average roots and tubers, nes export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Roots and Tubers, nes

Imports into Vietnam

In 2020, supplies from abroad of roots and tubers, nes increased by X% to X tons, rising for the tenth consecutive year after two years of decline. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, roots and tubers, nes imports surged to $X in 2020. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, China (X tons) constituted the largest roots and tubers, nes supplier to Vietnam, accounting for a X% share of total imports. Moreover, roots and tubers, nes imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of roots and tubers, nes to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2020, the average roots and tubers, nes import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Indonesia ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox Platform

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