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Agricultural export in 2019: Breeding and rubber are bright spots

Tuesday 07, 01 2020
According to the Department of Agricultural Product Processing and Market Development, in the total turnover of US $ 41.3 billion of agricultural,
Agricultural export in 2019: Breeding and rubber are bright spots

Forestry and fishery exports of 2019, the export value of main agricultural products is estimated at US $ 18.5 billion, decreased by 5.3% over the same period last year.

Livestock

The export value of livestock products in December 2019 is estimated at US $ 65 million, bringing the export of this commodity in the whole year to 710 million USD, up 10.6% compared to 2018. The export value of livestock products in December 2019 is estimated at US $ 65 million, bringing the export of this commodity in the whole year to 710 million USD, up 10.6% compared to 2018.

Rice

Rice exports witnessed a deep decline in the past 2019. The volume of exported rice in December 2019 reached 474 thousand tons, valued at US $ 214 million. In the whole year of 2019, our country exported 6.34 million tons of rice, bringing in $ 2.79 billion, up 3.9% in volume but down 9.7% in value compared to 2018. The Philippines ranked first in Vietnam's rice export market last year with 31.5% market share, reaching more than 2.15 million tons and nearly 900 million USD, 2.55 times higher in volume and 2.34 times higher in value compared to the same period in 2018.

Vegetables

In vegetable items, in December 2019, it earned US $ 320 million in exports. The total value of fruit and vegetable exports in 2019 reached US $ 3.74 billion, down 1.9% compared to 2018. China ranked first in Vietnam's vegetable export market in 2019 with a 65.7% market share.

The export of fruits and vegetables to this market reached US $ 2.5 billion, down 13.2% over the same period in 2018. Next was the United States accounting for 4% of the market share and an increase of 9.2%; South Korea accounted for 3.5%, up 14.2%; Japan accounted for 3.3%, an increase of 14.4%; The Netherlands accounted for 2.2%, up 34.8% ... compared to 2018.

Coffee

Coffee export in December 2019 is estimated at 126 thousand tons with a value of 218 million USD, cumulative coffee export in 2019 is estimated at 1.59 million tons and 2.75 billion USD, down 15.2% in volume and 22.4% in value compared to 2018. Germany and the United States continue to be the two largest coffee consuming markets of Vietnam with a market share of 12.9% and 8.7% respectively.

Except for the Philippines market with an increase in coffee export value (9.4%), most of the main markets decreased compared to the same period in 2018. The average export price of coffee in 2019 reached US $ 1,724 / ton, down 8.9% compared to 2018.

In 2019, domestic coffee prices fluctuated by VND 2,200 - VND 2,300 / kg compared to the end of 2018. Coffee prices fell due to the market under pressure from global oversupply and Brazilian coffee growers increased their sales.

It is forecasted that, in the short term, the price of Robusta coffee is unlikely to increase as most Vietnamese coffee growers will finish harvesting before the Lunar New Year. Meanwhile, the increase in cash demand on this occasion contributes to the selling pressure at the current low price area. Besides, global Robusta output increased compared to the previous crop, putting pressure on Robusta prices.

Agricultural export in 2019: Breeding and rubber are bright spots

Pepper

For pepper, in December 2019, 17 thousand tons were exported, earning US $ 41 million. Accumulated in 2019, pepper exports reached 284 thousand tons and 715 million USD, up 23.4% in volume but down 5.7% in value compared to 2018. In 2019, the average export price of pepper is estimated at 2,516 USD / ton, down 23.6% compared to 2018.

>>> Related: Warning: risks of exporting pepper to Myanmar

Cashew nuts

In December 2019, the volume of Vietnamese cashew nuts exported 43 thousand tons with a value of US $ 300 million, bringing the cashew export volume in 2019 to reach 457 thousand tons and US $ 3.29 billion, up 22.4% in volume but down 2.1% in value over the same period in 2018.

Rubber

In the group of agricultural products, in addition to livestock products with strong growth in export value, rubber also achieved positive growth. The volume of rubber exports in December 2019 reached 181 thousand tons with a value of 238 million USD, bringing the whole year export of 1.68 million tons and 2.26 billion USD, up 7.7% in volume and increased by 8.3% in value compared to 2018.

China, India, and South Korea are the three largest rubber consuming markets of Vietnam, accounting for 66.5%, 8.3%, and 3%, respectively.

>>> Read more: Vietnam’s 11-Month Economic Overview P2

Categories:
Industry Report

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