Vietnam: Vinegar Market 2024

Vinegar Market Size in Vietnam

The Vietnamese vinegar market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vinegar Production in Vietnam

In value terms, vinegar production dropped to $X in 2022 estimated in export price. In general, production recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Vinegar production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Vinegar Exports

Exports from Vietnam

In 2022, after three years of growth, there was significant decline in shipments abroad of vinegar, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, vinegar exports declined to $X in 2022. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Australia (X tons), Taiwan (Chinese) (X tons) and France (X tons) were the main destinations of vinegar exports from Vietnam, together accounting for X% of total exports. Germany, Poland, Japan, the UK and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Taiwan (Chinese) ($X) and France ($X) constituted the largest markets for vinegar exported from Vietnam worldwide, together accounting for X% of total exports. Germany, Poland, Japan, the UK and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Japan, with a CAGR of X%, 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 2022, the average vinegar export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Russia ($X per ton), while the average price for exports to Japan ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vinegar Imports

Imports into Vietnam

In 2022, imports of vinegar into Vietnam dropped to X tons, reducing by X% compared with 2021 figures. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, vinegar imports dropped to $X in 2022. Over the period under review, imports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of vinegar imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar suppliers to Vietnam were Japan ($X), South Korea ($X) and the United States ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vinegar import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Italy ($X per ton), while the price for South Korea ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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