Price for Food Preparations Not Elsewhere Specified or Included in Vietnam - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Vietnam (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Vietnam (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Vietnam
- Exports of Food Preparations Not Elsewhere Specified or Included in Vietnam
Price for Food Preparations Not Elsewhere Specified or Included in Vietnam (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $8,944 per ton in 2022, surging by 5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for food preparations not elsewhere specified or included decreased by -22.1% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum at $11,488 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($9,200 per ton) and Russia ($9,198 per ton), while the price for China ($8,282 per ton) and Taiwan (Chinese) ($8,732 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Vietnam (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $6,262 per ton, waning by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, the average export prices attained the maximum at $6,763 per ton in 2020; however, from 2021 to 2022, the export prices remained at a 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 South Korea ($6,290 per ton) and Taiwan (Chinese) ($6,280 per ton), while the average price for exports to China ($6,272 per ton) and Germany ($6,272 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 South Korea (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Vietnam
In 2022, the amount of food preparations not elsewhere specified or included imported into Vietnam was estimated at 131K tons, picking up by 13% against 2021 figures. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of food preparations not elsewhere specified or included skyrocketed to $1.2B in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Food Preparations Not Elsewhere Specified or Included in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 206 | 210 | 207 | 278 | 10.5% |
| United States | 277 | 239 | 313 | 267 | -1.2% |
| China | 33.8 | 40.0 | 47.2 | 69.7 | 27.3% |
| Malaysia | 44.0 | 43.6 | 49.9 | 69.5 | 16.5% |
| South Korea | 29.6 | 30.2 | 41.5 | 54.7 | 22.7% |
| New Zealand | 25.9 | 34.5 | 38.4 | 45.4 | 20.6% |
| Thailand | 24.9 | 26.3 | 30.3 | 42.0 | 19.0% |
| Spain | 6.7 | 19.2 | 29.8 | 39.8 | 81.1% |
| Russia | 3.9 | 11.0 | 24.6 | 36.9 | 111.5% |
| Netherlands | 21.7 | 24.5 | 28.0 | 36.7 | 19.1% |
| Taiwan (Chinese) | 38.8 | 34.3 | 36.8 | 35.6 | -2.8% |
| Japan | 15.6 | 19.9 | 20.4 | 33.6 | 29.1% |
| Indonesia | 14.4 | 15.3 | 22.5 | 27.7 | 24.4% |
| Others | 93.2 | 80.2 | 98.8 | 132 | 12.3% |
| Total | 836 | 828 | 989 | 1,169 | 11.8% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Vietnam in 2022:
- Singapore (30.2K tons)
- United States (29.5K tons)
- China (8.4K tons)
- Malaysia (7.6K tons)
- South Korea (6.0K tons)
- New Zealand (4.9K tons)
- Thailand (4.7K tons)
- Spain (4.4K tons)
- Netherlands (4.2K tons)
- Taiwan (Chinese) (4.1K tons)
- Russia (4.0K tons)
- Japan (3.7K tons)
- Indonesia (3.0K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Vietnam
Exports of food preparations not elsewhere specified or included from Vietnam surged to 67K tons in 2022, increasing by 31% compared with the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included skyrocketed to $417M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 38.4 | 28.8 | 54.3 | 100 | 37.6% |
| China | 37.4 | 51.1 | 86.0 | 93.0 | 35.5% |
| Thailand | 50.2 | 85.0 | 72.7 | 70.1 | 11.8% |
| United States | 8.2 | 15.1 | 20.7 | 27.3 | 49.3% |
| Germany | 3.7 | 7.8 | 14.5 | 23.5 | 85.2% |
| Netherlands | 4.0 | 7.5 | 9.9 | 16.8 | 61.3% |
| Japan | 2.9 | 7.2 | 9.5 | 13.1 | 65.3% |
| Malaysia | 3.3 | 3.3 | 6.4 | 10.2 | 45.7% |
| South Korea | 4.5 | 5.6 | 5.9 | 6.8 | 14.8% |
| Others | 49.0 | 41.7 | 52.7 | 55.9 | 4.5% |
| Total | 202 | 253 | 333 | 417 | 27.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Vietnam in 2022:
- Philippines (16.0K tons)
- China (14.8K tons)
- Thailand (11.2K tons)
- United States (4.4K tons)
- Germany (3.7K tons)
- Netherlands (2.7K tons)
- Japan (2.1K tons)
- Malaysia (1.6K tons)
- South Korea (1.1K tons)
723
This report provides an in-depth analysis of the market for prepared dishes and meal in Vietnam.
378
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Vietnam.
407
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Vietnam.
1383
This report provides an in-depth analysis of the global market for prepared dishes and meal.
872
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
559
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
723
This report provides an in-depth analysis of the market for prepared dishes and meal in Vietnam.
378
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Vietnam.
1383
This report provides an in-depth analysis of the global market for prepared dishes and meal.
872
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
238
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
263
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
238
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
