Vietnam: Sugar Crop Market 2025

Sugar Crop Market Size in Vietnam

In 2022, after four years of decline, there was significant growth in the Vietnamese sugar crop market, when its value increased by X% to $X. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Vietnam

In value terms, sugar crop production rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Sugar crop production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of sugar crops in Vietnam shrank slightly to X tons per ha in 2022, reducing by X% compared with 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. The sugar crop yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Vietnam rose sharply to X ha, growing by X% on the previous year. Overall, the harvested area, however, saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Vietnam

In 2022, shipments abroad of sugar crops decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, sugar crop exports fell to $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sugar crop exports from Vietnam, with a X% share of total exports. It was followed by Singapore (X tons), with a X% share of total exports. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sugar crops exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Crop Imports

Imports into Vietnam

After three years of decline, supplies from abroad of sugar crops increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports amounted to $X in 2022. Overall, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cambodia (X tons) was the main sugar crop supplier to Vietnam, with a X% share of total imports. It was followed by Spain (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cambodia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Algeria (X% per year).

In value terms, Cambodia ($X) constituted the largest supplier of sugar crops to Vietnam, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cambodia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Algeria (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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