Vietnam - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fruit Price in Vietnam - 2022
Contents:
- Frozen Fruit Price in Vietnam (FOB) - 2022
- Frozen Fruit Price in Vietnam (CIF) - 2022
- Frozen Fruit Exports in Vietnam
- Frozen Fruit Imports in Vietnam
Frozen Fruit Price in Vietnam (FOB) - 2022
The average frozen fruit export price stood at $2,570 per ton in December 2022, almost unchanged from the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average export price increased by 2.7% m-o-m. The export price peaked at $2,584 per ton in October 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably for the major export markets. In December 2022, the countries with the highest prices were Russia ($2,585 per ton) and Australia ($2,585 per ton), while the average price for exports to New Zealand ($2,495 per ton) and Canada ($2,511 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fruit Price in Vietnam (CIF) - 2022
The average frozen fruit import price stood at $2,507 per ton in December 2022, with an increase of 8.9% against the previous month. Over the period under review, the import price saw a modest increase. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 8.9% against the previous month. As a result, import price attained the peak level of $2,641 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Indonesia ($2,532 per ton) and Thailand ($2,532 per ton), while the price for China ($2,481 per ton) and the United States ($2,532 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fruit Exports in Vietnam
In 2022, the amount of frozen fruits exported from Vietnam surged to 88K tons, growing by 37% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 64%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, frozen fruit exports soared to $227M in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 72% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Frozen Fruit in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 4.4 | 29.7 | 56.5 | 112 | 194.2% |
United States | 11.8 | 14.9 | 19.6 | 30.8 | 37.7% |
South Korea | 13.2 | 16.3 | 19.1 | 21.2 | 17.1% |
Australia | 5.1 | 10.9 | 12.0 | 13.7 | 39.0% |
Japan | 6.7 | 7.1 | 9.7 | 11.0 | 18.0% |
Netherlands | 2.9 | 3.4 | 5.1 | 5.3 | 22.3% |
Germany | 2.0 | 3.2 | 4.9 | 4.4 | 30.1% |
Canada | 1.3 | 1.5 | 2.8 | 3.7 | 41.7% |
Belgium | 1.2 | 2.0 | 3.8 | 3.2 | 38.7% |
United Kingdom | 1.6 | 2.4 | 2.3 | 2.9 | 21.9% |
China | 9.1 | 10.8 | 8.7 | 1.1 | -50.6% |
Others | 8.0 | 13.4 | 17.4 | 18.0 | 31.0% |
Total | 67.3 | 116 | 162 | 227 | 50.0% |
Top Export Markets for Frozen Fruit from Vietnam in 2022:
- Thailand (43.3K tons)
- United States (11.9K tons)
- South Korea (8.3K tons)
- Australia (5.3K tons)
- Japan (4.2K tons)
- Netherlands (2.0K tons)
- Germany (1.8K tons)
- Canada (1.5K tons)
- Belgium (1.3K tons)
- United Kingdom (1.1K tons)
- China (0.4K tons)
Frozen Fruit Imports in Vietnam
In 2022, overseas purchases of frozen fruits were finally on the rise to reach 3.5K tons after two years of decline. Over the period under review, imports, however, saw a perceptible decline.
In value terms, frozen fruit imports skyrocketed to $8.4M in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Frozen Fruit in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,073 | 1,779 | 2,827 | 5,191 | 19.1% |
Canada | 810 | 444 | 840 | 748 | -2.6% |
Egypt | 1,001 | 198 | 380 | 668 | -12.6% |
Indonesia | 43.7 | N/A | 14.2 | 645 | 145.3% |
Malaysia | 390 | 1,146 | 49.3 | 252 | -13.5% |
Belarus | 39.3 | 239 | 263 | 198 | 71.4% |
Poland | 147 | 129 | 143 | 189 | 8.7% |
Thailand | 1,603 | 2,134 | 45.0 | 76.0 | -63.8% |
Lao People's Democratic Republic | 188 | 282 | 64.6 | N/A | -41.4% |
Others | 552 | 493 | 599 | 402 | -10.0% |
Total | 7,847 | 6,844 | 5,225 | 8,370 | 2.2% |
Top Suppliers of Frozen Fruit to Vietnam in 2022:
- China (2143.1 tons)
- Egypt (342.6 tons)
- Canada (295.4 tons)
- Indonesia (254.6 tons)
- Malaysia (99.6 tons)
- Belarus (78.0 tons)
- Poland (69.6 tons)
- Thailand (30.0 tons)
This report provides an in-depth analysis of the frozen fruit market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global frozen fruit trade expanded to $7.1B in 2021.
Global frozen fruit imports continue to grow in physical terms, expanding twofold over the past decade. In 2020, global imports rose by +3% y-o-y to 2.7M tons. In value terms, imports reached $5.8B last year. The U.S. and Germany remain the largest importers of frozen fruits worldwide, with a combined 34%-share of the global figure. The U.S. featured the highest growth rate of imports in physical terms in 2020. The average global frozen fruit import price amounted to $2,121 per ton in 2020, increasing by +8.2% y-o-y.
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