Vietnam: Wheat Bran Market 2024

Wheat Bran Market Size in Vietnam

The Vietnamese wheat bran market contracted to $X in 2022, declining by X% against the previous year. Overall, consumption showed a pronounced curtailment. Wheat bran consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wheat Bran Production in Vietnam

In value terms, wheat bran production fell to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Wheat bran production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wheat Bran Exports

Exports from Vietnam

In 2022, approx. X tons of wheat bran were exported from Vietnam; growing by X% on the previous year's figure. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat bran exports rose to $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for wheat bran exports from Vietnam, accounting for a X% share of total exports. Moreover, wheat bran exports to Cambodia exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for wheat bran exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average wheat bran export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Cambodia ($X per ton), while the average price for exports to Malaysia ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

Wheat Bran Imports

Imports into Vietnam

In 2022, overseas purchases of wheat bran decreased by X% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheat bran imports fell to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Tanzania (X tons), Kenya (X tons) and Indonesia (X tons) were the main suppliers of wheat bran imports to Vietnam, together comprising X% of total imports. The United Arab Emirates, Sri Lanka, Taiwan (Chinese), Mozambique, Uganda, Angola, Russia and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Tanzania ($X), the United Arab Emirates ($X) and Indonesia ($X) were the largest wheat bran suppliers to Vietnam, together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average wheat bran import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat bran import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 the United Arab Emirates ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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