Agriculture - Vietnam | Statista Market Forecast

Gross production value in Agriculture market is projected to amount to US$29.97bn in 2025. An annual growth rate of -0.66% is expected (CAGR 2025-2029), resulting in gross production value of US$29.19bn in 2029.
The import value in Agriculture market is projected to amount to US$16.8bn in 2025. An annual growth rate of 5.12% is expected (CAGR 2025–2029).
The export value in Agriculture market is projected to amount to US$7.6bn in 2025. An annual growth rate of 6.07% is expected (CAGR 2025–2029).

Definition:

The agriculture market refers to the economic activities involved in the production of agricultural products. This includes the gross production value of crops such as cereals, fruit, vegetables, and oil crops, as well as livestock and dairy products.

Structure:

The agriculture market comprises seven distinct markets that represent a wide range of agricultural products:

The cereal market encompasses more than 10 items including barley, rice, oats, rye, and other similar grains.
The vegetable market includes more than 15 items such as avocado, beans, and cabbage, among others.
The fruits market covers over 30 items including popular fruits like apples, apricots, bananas, cherries, and so on.
The oil crops market consists of more than 5 items such as olives, soya beans, sunflower seeds, linseeds, and other similar crops.
The meat market includes over 10 items such as cattle, chickens, goats, sheep, pigs, and others.
The milk market represents different types of milk produced by cattle, goats, sheep, buffalo, and camel.
The other Livestock Products market encompasses 5 items, including eggs, honey, wool, beeswax, and silk-worm cocoons.
The forestry market encompasses more than 10 items, including raw materials, processed timber, engineered wood products, pulp and paperboard products.

Additional Information:

The market comprises gross production value and gross production value growth rates, import and export value. Data is only provided for the countries that are active in the above-mentioned markets. The market only displays B2B values.

The term "Revenue" in the title of the charts and chapter refers to the gross production value within this market.

Cereals
Vegetables
Fruit
Oil Crops
Meat
Milk
Other Livestock Products
Forestry

Agriculture: market data & analysis

The Agriculture market in Vietnam is witnessing decline growth, influenced by factors like improved farming technologies, increasing demand for diverse food products, and government initiatives supporting sustainable practices, despite facing challenges from climate change and market fluctuations.

Customer preferences: Consumers in Vietnam are increasingly prioritizing organic and locally sourced agricultural products, reflecting a growing awareness of health and sustainability. This trend is fueled by a younger demographic that values transparency in food production and is influenced by social media campaigns promoting healthy lifestyles. Additionally, urbanization is driving demand for convenience, leading to a rise in online grocery shopping and delivery services. As a result, farmers are adapting to these preferences by diversifying their offerings and engaging more directly with consumers through digital platforms.

Trends in the market: In Vietnam, the Agriculture Market is experiencing a surge in demand for organic and locally sourced products, driven by a health-conscious younger population that seeks transparency in food sourcing. This trend is complemented by the rapid urbanization, which has increased the prevalence of online grocery shopping and delivery services. Farmers are responding by diversifying their product lines and utilizing digital platforms to connect directly with consumers. The implications for industry stakeholders are significant, as they must adapt to shifting consumer preferences and invest in sustainable practices to remain competitive in this evolving market landscape.

Local special circumstances: In Vietnam, the Agriculture Market is uniquely shaped by its diverse geography, which includes fertile deltas and mountainous regions, allowing for a wide variety of crops and farming practices. Culturally, there is a strong emphasis on traditional foodways and local ingredients, fostering a preference for fresh, organic produce. Regulatory support for sustainable farming practices further encourages farmers to adopt eco-friendly methods. This combination of local factors drives a vibrant market for organic goods, as consumers increasingly prioritize health and sustainability in their purchasing decisions.

Underlying macroeconomic factors: The Agriculture Market in Vietnam is significantly influenced by macroeconomic factors such as overall economic growth, agricultural policies, and global trade dynamics. Vietnam’s robust GDP growth and increasing foreign direct investment foster a favorable environment for agricultural development. Additionally, government initiatives promoting rural development and sustainable agriculture are crucial, as they provide financial support and resources for farmers. Fluctuations in global commodity prices and trade agreements also impact market performance, as Vietnam relies on exports like rice and coffee. Moreover, rising consumer incomes and urbanization trends drive demand for diverse agricultural products, further shaping the market landscape.

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

In the last few years, the agriculture sector has contributed over 200 billion U.S. dollars in net added value to the U.S. GDP annually. Alone in 2023, the export value of agriculture products in the U.S. amounted to over 170 billion U.S. dollars. As a result of very diverse climates, and natural resources, the ecosystem in the United States can support a variety of different crops. Corn is the leading crop in terms of production volume in the United States. Soybeans are another major crop produced in the U.S., and one which has exhibited an upward trend in production over the last two decades.

Agriculture - Vietnam

Revenue

Trade

Analyst Opinion

Global Comparison

Methodology

Industrial

Access more Market Insights on Industrial topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Agriculture in the U.S. - statistics & facts

Contact