Vietnam: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Vietnam

For the fifth year in a row, the Vietnamese market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Starch other than Wheat, Corn or Potato in Vietnam

In value terms, production of starch other than wheat, corn or potato fell modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Vietnam

After two years of growth, overseas shipments of starch other than wheat, corn or potato decreased by -X% to X tons in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, exports of starch other than wheat, corn or potato contracted notably to $X in 2021. In general, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of starch other than wheat, corn or potato from Vietnam, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Japan ($X per ton) and Malaysia ($X per ton), while the average price for exports to China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports into Vietnam

After two years of growth, purchases abroad of starch other than wheat, corn or potato decreased by -X% to X tons in 2021. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato fell markedly to $X in 2021. In general, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Lao People's Democratic Republic (X tons) constituted the largest supplier of starch other than wheat, corn or potato to Vietnam, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lao People's Democratic Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Indonesia (-X% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of starch other than wheat, corn or potato to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Lao People's Democratic Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Indonesia (-X% per year).

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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