Vietnam - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in Vietnam - 2022
Contents:
- Poppy Seed Price in Vietnam (CIF) - 2022
- Poppy Seed Price in Vietnam (FOB) - 2022
- Poppy Seed Imports in Vietnam
- Poppy Seed Exports in Vietnam
Poppy Seed Price in Vietnam (CIF) - 2022
In 2022, the average poppy seed import price amounted to $4,849 per ton, rising by 35% against the previous year. Overall, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2019 when the average import price increased by 63% against the previous year. Over the period under review, average import prices hit record highs at $6,896 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($10,333 per ton), while the price for Germany ($4,775 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Poppy Seed Price in Vietnam (FOB) - 2022
In 2022, the average poppy seed export price amounted to $14,235 per ton, falling by -1.8% against the previous year. Overall, the export price, however, enjoyed a significant increase. Over the period under review, the average export prices hit record highs at $14,500 per ton in 2021, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Poppy Seed Imports in Vietnam
Poppy seed imports into Vietnam surged to 1.3 tons in 2022, growing by 26% on the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% 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 decreased by -17.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of 1.5 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, poppy seed imports skyrocketed to $6.1K in 2022. Over the period under review, imports posted tangible growth.
| Import of Poppy Seed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 3.7 | 0% |
| Australia | 1.1 | 1.4 | 1.1 | 1.0 | -3.1% |
| Germany | 2.0 | 3.5 | 1.1 | 0.7 | -29.5% |
| India | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Others | 2.0 | 3.5 | 1.2 | 0.7 | -29.5% |
| Total | 5.4 | 8.7 | 3.6 | 6.1 | 4.1% |
Top Suppliers of Poppy Seed to Vietnam in 2022:
- United States (757.0 kg)
- Australia (204.0 kg)
- Germany (151.0 kg)
- India (3.0 kg)
Poppy Seed Exports in Vietnam
In 2022, shipments abroad of poppy seed decreased by -32% to 68 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern.
In value terms, poppy seed exports fell markedly to $968 in 2022. In general, exports, however, saw a relatively flat trend pattern.
| Export of Poppy Seed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | N/A | N/A | N/A | 1.0 | 0% |
| Norway | 1.0 | N/A | N/A | N/A | 0% |
| Switzerland | N/A | N/A | 1.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | N/A | 1.4 | 1.0 | 0.0% |
Top Export Markets for Poppy Seed from Vietnam in 2022:
- Bosnia and Herzegovina (68.0 kg)
This report provides an in-depth analysis of the poppy seed 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 296 - Poppy seed
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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The global poppy seed market was estimated at X tons in 2016, which was X% more than in the previous year.
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Global poppy seed consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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Global poppy seed exports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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Global poppy seed imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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