Bran, sharps and residues from cereal or legume processing market in Vietnam

Earlier Report Observations

The Vietnamese market for bran, sharps and residues from cereal and legume processing contracted in physical volume from 4.3 million tons in 2018 to 3.5 million tons in 2023. This decline was driven by a sustained reduction in imports, which fell from 852 thousand tons to 497 thousand tons, and a concurrent expansion of exports, which grew from 171 thousand tons to 543 thousand tons over the same period. The market value exhibited greater volatility, dropping to $748 million in 2020 before recovering to $1.01 billion by 2023.

Domestic production volume remained relatively stable, hovering between 3.5 and 3.6 million tons annually. The value of production, however, followed a similar volatile pattern as the total market, reaching a low of $694 million in 2020 before rising to $1.05 billion in 2023. The shifting balance of trade, with exports rising to absorb more domestic output and imports providing less supplementary supply, was the dominant dynamic reshaping the market's overall size during these years.

Production bran, sharps and residues from cereal or legume processing in Vietnam

In kind, 2017-2020, K t

Between 2017 and 2020, Vietnam was one of the world's top producers of bran, sharps, and residues from cereal or legume processing, ranking 9th globally by production volume.

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

Vietnam's production of bran, sharps, and residues from cereal or legume processing declined for the second year in a row. In 2020, the country produced 3 529 K t, down 0.7% from 2019. The highest production was recorded in 2018 at 3 605 K t, which represented a 2.0% increase from the previous year. The largest drop occurred in 2019, with a 1.4% decrease.

Annual dynamics of production in Vietnam in kind, 2017-2020, K t

Exports bran, sharps and residues from cereal or legume processing from Vietnam

Exports in kind, K t

Export volumes showed significant fluctuations during this period. The lowest point was in 2018 at 170.5 K t, which marked a 17.0% decline from the previous year. In contrast, exports peaked in 2020 at 355.7 K t, a sharp 76.9% increase year-over-year, resulting in a 2.1-fold difference between the peak and trough.

Annual dynamics of product's exports from Vietnam in kind, 2017-2020, K t

From 2017 to 2020, China was the dominant buyer of bran, sharps, and residues from cereal or legume processing from Vietnam, accounting for 90.7% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Vietnam in kind, 2017-2020

Exports in value, M $ US

Export values of bran, sharps, and residues from cereal or legume processing from Vietnam increased for the third consecutive year. In 2020, exports reached 70.0 M $ US, up 47.0% from the prior year. Over the 2017-2020 period, exports grew by 111.7%, with a compound annual growth rate (CAGR) of 28.4%.

Annual dynamics of product's exports from Vietnam in value, 2017-2020, M $ US

During 2017-2020, China's dominance was even more pronounced in value terms, representing 92.3% of total exports of bran, sharps, and residues from cereal or legume processing from Vietnam.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Vietnam in value, 2017-2020

Imports bran, sharps and residues from cereal or legume processing to Vietnam

Imports in kind, K t

Import volumes of bran, sharps, and residues from cereal or legume processing into Vietnam fell for the second year in a row. In 2020, imports stood at 698.5 K t, a moderate 6.1% decrease from 2019. The highest import volume was in 2018 at 852.4 K t, which saw a slight 0.2% increase. The largest decline occurred in 2019, with a 12.7% drop. Overall, from 2017 to 2020, imports decreased by 17.9%, with a CAGR of 6.4%.

Annual dynamics of product's imports to Vietnam in kind, 2017-2020, K t

From 2017 to 2020, Indonesia, the United States, and Sri Lanka formed the core group of suppliers for imports in kind. Indonesia accounted for 27.8% of imports, the United States for 14.6%, and Sri Lanka for 11.2%, together making up 53.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Vietnam in kind, 2017-2020

Imports in value, M $ US

Import values of bran, sharps, and residues from cereal or legume processing into Vietnam declined for the second consecutive year. In 2020, imports amounted to 123.5 M $ US, a moderate 7.9% reduction year-over-year. The peak was in 2018 at 154.1 M $ US, which represented a 16.8% increase. The largest decrease was in 2019, with a 13.0% drop. Over the 2017-2020 period, imports fell by 6.4%, with a CAGR of 2.2%.

Annual dynamics of product's imports to Vietnam in value, 2017-2020, M $ US

Between 2017 and 2020, Indonesia, the United States, and Sri Lanka remained the leading sources in value terms for imports. Indonesia contributed 24.9% of import value, the United States 17.6%, and Sri Lanka 10.3%, collectively accounting for 52.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Vietnam in value, 2017-2020