Vietnam became one of the world leaders in apple imports in 2020, having doubled the volume. In total, over five years, the volume of apple imports to Vietnam has grown more than seven times.
Vietnam now ranks fifth in the world in terms of apple imports, surpassing Bangladesh, India and almost overtaking Egypt. This means that only Russia, Germany and Great Britain are ahead of Vietnam in terms of apple imports. However, given the high level of apple prices in Vietnam, this country turned out to be the third largest apple market in the world in terms of revenues, ahead of Egypt and the UK, and second only to Germany and Russia.
Apple exporters managed to earn almost half a billion US dollars by supplying apples to Vietnam in 2020. At the same time, the volume of Vietnamese apple imports amounted to about 265,000 tons. Therefore, the average price at which Vietnamese fruit importers bought apples was $ 1.77.
“Apples are trendy exotic fruit in Vietnam, where apple trees do not grow due to climate. However, rapid economic growth and a positive demography allow Vietnamese residents to buy expensive imported exotic fruit. This means that the quality must be high. Naturally, this forces the world’s key fruit exporters to look for ways to enter this rather heavily protected sales market and invest in promoting their products in Vietnam,” Andriy Yarmak, Economist at the Investments Centre of the Food and Agriculture Organization of the United Nations, told east-fruit.com.