Vietnam: Unmanufactured Tobacco Market 2025

Unmanufactured Tobacco Market Size in Vietnam

The Vietnamese unmanufactured tobacco market dropped to $X in 2022, declining by -3.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Unmanufactured Tobacco Production in Vietnam

In value terms, unmanufactured tobacco production fell to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decline. The pace of growth was the most pronounced in 2014 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average unmanufactured tobacco yield in Vietnam contracted modestly to X tons per ha, remaining constant against 2021. The yield figure increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by 13% against the previous year. The unmanufactured tobacco yield peaked at X tons per ha in 2021, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The unmanufactured tobacco harvested area in Vietnam expanded to X ha in 2022, surging by 1.5% compared with the previous year. Over the period under review, the harvested area, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 5.7%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the unmanufactured tobacco harvested area remained at a somewhat lower figure.

Unmanufactured Tobacco Exports

Exports from Vietnam

In 2022, the amount of tobacco (unmanufactured) exported from Vietnam soared to X tons, picking up by 37% against 2021 figures. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of 104% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, unmanufactured tobacco exports soared to $X in 2022. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 152%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for unmanufactured tobacco exports from Vietnam, with a 66% share of total exports. Moreover, unmanufactured tobacco exports to Cambodia exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.4% per year) and Indonesia (-9.8% per year).

In value terms, Cambodia ($X) remains the key foreign market for tobacco (unmanufactured) exports from Vietnam, comprising 39% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.9% share of total exports. It was followed by Indonesia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.6% per year) and Indonesia (-13.3% per year).

Export Prices by Country

The average unmanufactured tobacco export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Cambodia ($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 Turkey (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Unmanufactured Tobacco Imports

Imports into Vietnam

In 2022, supplies from abroad of tobacco (unmanufactured) decreased by -5.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 81% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, unmanufactured tobacco imports contracted slightly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 99% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Indonesia (X tons) were the main suppliers of unmanufactured tobacco imports to Vietnam, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Indonesia ($X) and China ($X) constituted the largest unmanufactured tobacco suppliers to Vietnam, together comprising 56% of total imports.

Indonesia, with a CAGR of +80.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unmanufactured tobacco import price stood at $X per ton in 2022, increasing by 2.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 9.5%. The import price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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