Vietnam: Exports of onions and garlic increased by 360% but did not escape the situation of "falling in prices"

Published 2023년 3월 23일

Tridge summary

Vietnam saw a significant increase in the export turnover of onions, shallots, and garlic in 2022, reaching nearly 31.2 million USD, an increase of 360% compared to 2021. The majority of these exports were to Asian markets, with China being the largest import market. However, the Ministry of Agriculture and Rural Development has identified several challenges in the onion industry, including fragmented production, fluctuating selling prices, lack of certified production areas, food quality and safety control issues, and limited post-harvest technology. These challenges, along with competition from Thailand and the need for high export standards, limit the competitiveness of local farmers and hinder the export of purple onions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Unstable output, fluctuating prices According to the Ministry of Agriculture and Rural Development, statistics show that in 2022, Vietnam's export turnover of onions, shallots and garlic will reach about 31.2 million USD, an increase of nearly 360% compared to 2021. In which, most of them are exported to Asian markets, accounting for more than 90%, then America, Europe and Australia. For countries alone, China is Vietnam's largest import market of onions, chives and garlic with a turnover of more than 17.26 million USD in 2022 (not including Taiwan's 6.6 million USD). Compared with a turnover of only 86,185 USD in 2021, the export of this group of items to China in 2022 increased sharply by 19.935%. In addition, onion and garlic exports to Laos increased by 459%, to Germany by 182.6%, to Germany by 133%, to the UK, Taiwan (China), Malaysia by 93.4%, 67 respectively. 6% and 53.8%... compared to 2021. Assessing the potential of Vietnam's onions and garlic, Deputy Minister of ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.