Vietnam: Tomato Market 2025

Tomato Market Size in Vietnam

In 2021, the Vietnamese tomato market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Tomato Production in Vietnam

In value terms, tomato production totaled less than $X in 2021 estimated in export price. Overall, production enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 239%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Tomato Exports

Exports from Vietnam

Tomato exports from Vietnam surged to X tons in 2021, with an increase of 39% against the year before. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 358% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, tomato exports rose rapidly to $X in 2021. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 275% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Malaysia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of tomato exports from Vietnam, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were in Lao People's Democratic Republic (with a CAGR of +78.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for tomato exported from Vietnam worldwide, with a combined 100% share of total exports.

Among the main countries of destination, Lao People's Democratic Republic, with a CAGR of +46.4%, recorded the highest rates of growth with regard to 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 2021, the average tomato export price amounted to $X per ton, with a decrease of -19.8% against the previous year. Overall, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.8%), while the prices for the other major destinations experienced a decline.

Tomato Imports

Imports into Vietnam

In 2021, tomato imports into Vietnam expanded modestly to X tons, growing by 2.5% against the previous year's figure. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 683% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, tomato imports totaled $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 646% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main tomato supplier to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +33.9%.

In value terms, China ($X) constituted the largest supplier of tomato to Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +35.2%.

Import Prices by Country

In 2021, the average tomato import price amounted to $X per ton, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.0% per year.

Source: IndexBox Platform

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