What is the price of malt extract per kilogram/pound in Vietnam today?
The retail price range for Vietnam malt extract is between US$ 7.80 and US$ 14.63 per kilogram or between US$ 3.54 and US$ 6.63 per pound(lb). Click here to see today's exact prices of malt extract in Vietnam
The retail price range in Dong for malt extract is between VND 195,060.00 and VND 365,737.50 per kilogram or between VND 88,462.59 and VND 165,867.35 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam malt extract is between US$ 5.46 and US$ 10.24 per kilogram or between US$ 2.48 and US$ 4.64 per pound(lb).
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Vietnam Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from Vietnam has seen a steady increase over the last five years. In 2013, the price was 2.57 US dollars per kg, and by 2020, it had risen to 2.53 US dollars per kg. The highest price was recorded in 2015 at 2.81 US dollars per kg, while the lowest was in 2016 at 2.13 US dollars per kg. The trend suggests that the price of Malt Extract from Vietnam is likely to continue to increase in the coming years. Based on this data, it is predicted that the export price per kilogram of Malt Extract from Vietnam will be 2.58 US dollars per kg in 2023 and 2.63 US dollars per kg in 2024.Vietnam Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into Vietnam over the last five years has been relatively stable. In 2016, the price was 2.13 US dollars per kg, followed by 2.28 US dollars per kg in 2017. In 2018, the price dropped slightly to 2.23 US dollars per kg, before increasing to 2.27 US dollars per kg in 2019. The price then rose to 2.53 US dollars per kg in 2020. Based on this trend, it is likely that the import price per kilogram of Malt Extract into Vietnam will continue to increase in the coming years. We can predict that the price will be around 2.58 US dollars per kg in 2023 and 2.63 US dollars per kg in 2024.Export values for Vietnam malt extract
The total values in export for malt extract in Vietnam were US$ 13,894, US$ 15,606, US$ 85,012 and US$ 139,239 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of malt extract in other countries across Asia: Kazakhstan malt extract, Kyrgyzstan malt extract, Tajikistan malt extract, Turkmenistan malt extract, Uzbekistan malt extract, China malt extract, Hong Kong malt extract, Macao malt extract, North Korea malt extract & Mongolia malt extract.
Vietnam malt extract - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 61,338 tonnes of malt extract. For the year 2019 alone, the interest in Vietnam malt extract (processed category) has gone up, changing by 61.212 pc compared to the year 2018. Between 2017 and 2019, malt extract's exports went up by 796.49% bringing the country US$139.24m for the year 2019. Vietnam's malt extract exports are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Vietnam malt extract export values
In 2019, Vietnam supplied malt extract costing 139.24m USD, an increase of 63.79% from 2018's total malt extract export of 85.012m USD. The yearly increase in value of Vietnam malt extract between 2017 to 2018 was 444.739 per cent.
The per year change in the volume of Vietnam's malt extract exports between 2017 and 2019 was 796.49 percent when compared to a variation of 61.212% in the growth rate between 2018 and 2019.
Vietnam's portion of the world's total malt extract's exports in 2019 was less than 1%. Vietnam is ranked number 52 in world exports of malt extract.
Export markets for Vietnam malt extract ( in '000$ )
Import/Export Trends
Vietnam is a net importer of malt extract. The annual growth of Vietnam malt extract in value between 2015 to 2019 was 39%, per annum, while annual growth in quantity for the same period was 28%, per annum.
Vietnam imported 66,824 tonnes of malt extract in 2019.