Report Update May 1, 2024

Vietnam - Cream - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Cream Market 2021

Cream Market Size in Vietnam

In 2020, the Vietnamese cream market decreased by -X% to $X, falling for the ninth year in a row after five years of growth. Over the period under review, consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cream consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Cream Production in Vietnam

In value terms, cream production contracted to $X in 2020 estimated in export prices. In general, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Cream Exports

Exports from Vietnam

In 2020, shipments abroad of cream increased by X% to X tons, rising for the ninth year in a row after three years of decline. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see steady growth in the near future.

In value terms, cream exports contracted to $X in 2020. Over the period under review, total exports indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cream exports from Vietnam, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia stood at +X%.

In value terms, Malaysia ($X) also remains the key foreign market for cream exports from Vietnam.

From 2007 to 2020, the average annual growth rate of value to Malaysia totaled +X%.

Export Prices by Country

The average cream export price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2007 to 2020, the rate of growth in terms of prices for Malaysia amounted to -X% per year.

Cream Imports

Imports into Vietnam

In 2020, the amount of cream imported into Vietnam rose sharply to X tons, with an increase of X% on 2019 figures. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, cream imports rose remarkably to $X in 2020. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, New Zealand (X tons) constituted the largest supplier of cream to Vietnam, accounting for a X% share of total imports. Moreover, cream imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand stood at +X%.

In value terms, New Zealand ($X) and Australia ($X) appeared to be the largest cream suppliers to Vietnam, together comprising X% of total imports.

Among the main suppliers, New Zealand saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average cream import price stood at $X per ton in 2020, surging by X% against the previous year. In general, import price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cream import price increased by +X% against 2009 indices. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per ton), while the price for New Zealand stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cream in the world?

The countries with the highest volumes of cream consumption in 2020 were China, the U.S. and Germany, with a combined 34% share of global consumption. These countries were followed by France, Norway, Indonesia, Pakistan, Bangladesh, South Korea, Ethiopia, the UK, Iran and Canada, which together accounted for a further 24%.

What are the largest producers of cream in the world?

The countries with the highest volumes of cream production in 2020 were China, the U.S. and Germany, together comprising 34% of global production. These countries were followed by Norway, Indonesia, Pakistan, Bangladesh, France, Ethiopia, South Korea, Iran, Canada and Democratic Republic of the Congo, which together accounted for a further 24%.

What are the leading suppliers of cream to Vietnam?

In value terms, the largest cream suppliers to Vietnam were New Zealand and Australia, with a combined 99% share of total imports.

What are the leading importers of cream from Vietnam?

In value terms, Malaysia remains the key foreign market for cream exports from Vietnam.

What is the average export price for cream in Vietnam?

In 2020, the average cream export price amounted to $418 per ton, declining by -17.4% against the previous year.

What is the average import price for cream in Vietnam?

In 2020, the average cream import price amounted to $3,672 per ton, increasing by 5.7% against the previous year.

This report provides an in-depth analysis of the cream 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 2025.

Product coverage:

Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023