Price for Plants, Live; Roses, Grafted or Not in Vietnam - 2022

Contents:

1. Price for Plants, Live; Roses, Grafted or Not in Vietnam (CIF) - 2022
2. Price for Plants, Live; Roses, Grafted or Not in Vietnam (FOB) - 2022
3. Imports of Plants, Live; Roses, Grafted or Not in Vietnam
4. Exports of Plants, Live; Roses, Grafted or Not in Vietnam

Price for Plants, Live; Roses, Grafted or Not in Vietnam (CIF) - 2022

The average import price for plants, live; roses, grafted or nots stood at $1.9 per unit in 2022, picking up by 6.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 49%. As a result, import price reached the peak level of $2.1 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.2% per year.

Price for Plants, Live; Roses, Grafted or Not in Vietnam (FOB) - 2022

The average export price for plants, live; roses, grafted or nots stood at $1.9 per unit in 2022, surging by 5% against the previous year. Over the period from 2016 to 2022, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2018 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $1.9 per unit; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1.9 per unit), while the average price for exports to the United States ($1.9 per unit) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plants, Live; Roses, Grafted or Not in Vietnam

After three years of growth, overseas purchases of plants, live; roses, grafted or nots decreased by -23.7% to 523K units in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 765%. Imports peaked at 685K units in 2021, and then reduced markedly in the following year.

In value terms, imports of plants, live; roses, grafted or nots dropped rapidly to $1M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 814% against the previous year. Over the period under review, imports of hit record highs at $1.2M in 2021, and then dropped markedly in the following year.

Top Suppliers of Plants, Live; Roses, Grafted or Not to Vietnam in 2022:

1. China (522.4K units)

Exports of Plants, Live; Roses, Grafted or Not in Vietnam

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of plants, live; roses, grafted or nots, which increased by 1.2% to 37K units in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of plants, live; roses, grafted or nots expanded markedly to $70K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Plants, Live; Roses, Grafted or Not from Vietnam in 2022:

1. Netherlands (32.0K units)
2. Australia (4.4K units)
3. United States (0.7K units)

Source: IndexBox Market Intelligence Platform