Vietnam - Spinach - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpinach Price in Vietnam - 2021
Contents:
- Spinach Price in Vietnam (CIF) - 2022
- Spinach Price in Vietnam (FOB) - 2022
- Spinach Imports in Vietnam
- Spinach Exports in Vietnam
Spinach Price in Vietnam (CIF) - 2022
In 2022, the average spinach import price amounted to $3,129 per ton, reducing by -2.1% against the previous year. In general, the import price, however, posted a slight expansion. The growth pace was the most rapid in 2015 an increase of 14%. Over the period under review, average import prices hit record highs at $3,197 per ton in 2021, and then contracted modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,298 per ton), while the price for France ($2,716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%).
Spinach Price in Vietnam (FOB) - 2022
In 2022, the average spinach export price amounted to $3,009 per ton, which is down by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $3,105 per ton in 2021, and then reduced modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($15,545 per ton), while the average price for exports to Malaysia ($2,116 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 Germany (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spinach Imports in Vietnam
In 2022, the amount of spinach imported into Vietnam shrank sharply to 24 tons, which is down by -27.1% on the previous year. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 118% against the previous year.
In value terms, spinach imports shrank sharply to $75K in 2022. In general, imports showed a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 134% against the previous year.
Import of Spinach in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 222 | 34.3 | 65.8 | 56.3 | -36.7% |
Australia | N/A | 10.2 | 39.1 | 16.4 | 26.8% |
France | N/A | N/A | N/A | 1.1 | 0% |
Others | 0.1 | 0.5 | 0.4 | 1.3 | 135.1% |
Total | 222 | 45.0 | 105 | 75.1 | -30.3% |
Top Suppliers of Spinach to Vietnam in 2022:
- China (17.1 tons)
- Australia (6.0 tons)
- France (0.4 tons)
Spinach Exports in Vietnam
Spinach exports from Vietnam fell to 6.4 tons in 2022, reducing by -12% compared with 2021 figures. Over the period under review, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year.
In value terms, spinach exports reduced to $19K in 2022. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year.
Export of Spinach in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 41.2 | 2.9 | 8.3 | 10.6 | -36.4% |
Malaysia | 0.7 | 3.7 | 3.0 | 3.0 | 62.4% |
Belgium | 1.9 | 0.7 | 1.6 | 1.6 | -5.6% |
Iceland | 1.3 | 0.4 | 1.1 | 1.2 | -2.6% |
Germany | 14.9 | 5.7 | 6.0 | 0.5 | -67.7% |
Singapore | N/A | N/A | N/A | 0.4 | 0% |
Poland | 0.7 | 0.2 | 0.4 | 0.4 | -17.0% |
Canada | 1.9 | 0.8 | 0.3 | 0.2 | -52.8% |
Others | 2.9 | 1.5 | 1.7 | 1.3 | -23.5% |
Total | 65.5 | 15.8 | 22.4 | 19.1 | -33.7% |
Top Export Markets for Spinach from Vietnam in 2022:
- Taiwan (Chinese) (3937.0 kg)
- Malaysia (1408.0 kg)
- Belgium (362.0 kg)
- Iceland (150.0 kg)
- Poland (108.0 kg)
- Singapore (100.0 kg)
- Canada (64.0 kg)
- Germany (33.0 kg)
This report provides an in-depth analysis of the spinach 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:
- FCL 373 - Spinach
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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