Vietnam Sucrose Import Research Report 2024-2033
Sucrose is a widely used natural sugar primarily extracted from sugarcane or sugar beets. As one of the most common sugars globally, sucrose plays an important role across various industries, including food, pharmaceuticals, agriculture, and chemicals.
Advances in technology and an increasing focus on health are expected to further expand and deepen sucrose applications. CRI analyzes that sucrose is critical in the global food and beverage industry, where it is extensively used in soft drinks, juices, candies, pastries, ice creams, and other processed foods. In Vietnam, economic growth and rising per capita income are boosting food and beverage consumption, directly driving the growth of Vietnam’s sucrose market.
The major global producers of sucrose include Brazil, India, China, Australia, and Thailand, with Brazil leading as the largest producer and exporter due to significant production advantages, followed by India and China. In terms of demand, North America, Europe, and Asia are the major consuming regions, and rising economies in Southeast Asia, including Vietnam, are seeing increasing sucrose market growth.
As a key economy in Southeast Asia, Vietnam’s demand for processed foods and beverages continues to grow with economic expansion and increased consumer income. This demand drives Vietnam’s sucrose imports. CRI highlights that Vietnam’s favorable labor costs and abundant land resources attract many international brands, such as Pepsi and Coca-Cola, to establish production bases there, indirectly fueling Vietnam’s sucrose market. However, due to limited domestic sucrose production, Vietnam relies on imports to meet its market needs.
CRI data shows that in 2023, Vietnam’s sucrose imports reached approximately USD 254 million, with expectations of sustained growth in the coming years. Key sucrose import sources for Vietnam include Australia, Singapore, Thailand, Cambodia, Laos, and Myanmar, with Australia as the largest source. From 2021 to 2024, the primary countries and regions exporting sucrose to Vietnam were Australia, Singapore, and Thailand. Major exporters to Vietnam include companies like Global Mind Agriculture Pte Ltd, Wilmar Sugar Pte Ltd, and Mitr Lao Sugar Co Ltd. Major importers during this period include Thanh Thanh Cong - Bien Hoa Joint Stock Company, Bien Hoa Consumer Joint Stock Company, and BSJC.
Overall, Vietnam’s sucrose market shows a steady growth trend. With the development of Vietnam’s food and beverage, chemical, and pharmaceutical industries, the sucrose market is expected to continue expanding. However, given the limited capacity for increased local sucrose production, Vietnam would remain dependent on imports to meet its sucrose demand in the years ahead.
Topics covered:
- The Import and Export of Sucrose in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Sucrose in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Sucrose in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Sucrose in Vietnam (2024)
- Total Import Value and Percentage Change of Sucrose in Vietnam (2024)
- Average Import Price of Sucrose in Vietnam (2021-2024)
- Top 10 Sources of Sucrose Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Sucrose in Vietnam and Their Supply Volume
- Top 10 Importers of Sucrose in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Sucrose in Vietnam
- How Foreign Enterprises Enter the Sucrose Market of Vietnam
- Forecast for the Import of Sucrose in Vietnam (2024-2033)
- 1 Overview of Vietnam
- 1.1 Geography of Vietnam
- 1.2 Economic Condition of Vietnam
- 1.3 Demographics of Vietnam
- 1.4 Domestic Market of Vietnam
- 1.5 Recommendations for Foreign Enterprises Entering the Vietnam Sucrose Imports Market
- 2 Analysis of Sucrose Imports in Vietnam (2021-2024)
- 2.1 Import Scale of Sucrose in Vietnam
- 2.1.1 Import Value and Volume of Sucrose in Vietnam
- 2.1.2 Import Prices of Sucrose in Vietnam
- 2.1.3 Apparent Consumption of Sucrose in Vietnam
- 2.1.4 Import Dependency of Sucrose in Vietnam
- 2.2 Major Sources of Sucrose Imports in Vietnam
- 3 Analysis of Major Sources of Sucrose Imports in Vietnam (2021-2024)
- 3.1 Australia
- 3.1.1 Analysis of Vietnam's Sucrose Import Volume and Value from Australia
- 3.1.2 Analysis of Average Import Price
- 3.2 Singapore
- 3.2.1 Analysis of Vietnam's Sucrose Import Volume and Value from Singapore
- 3.2.2 Analysis of Average Import Price
- 3.3 Thailand
- 3.3.1 Analysis of Vietnam's Sucrose Import Volume and Value from Thailand
- 3.3.2 Analysis of Average Import Price
- 3.4 Laos
- 3.5 Cambodia
- 3.6 United Kingdom
- 4 Analysis of Major Suppliers in the Import Market of Sucrose in Vietnam (2021-2024)
- 4.1 GLOBAL MIND AGRICULTURE PTE LTD
- 4.1.1 Company Introduction
- 4.1.2 Analysis of Sucrose Exports to Vietnam
- 4.2 WILMAR SUGAR PTE LTD
- 4.2.1 Company Introduction
- 4.2.2 Analysis of Sucrose Exports to Vietnam
- 4.3 MITR LAO SUGAR CO LTD
- 4.3.1 Company Introduction
- 4.3.2 Analysis of Sucrose Exports to Vietnam
- 4.4 Exporter
- 4.4.1 Company Introduction
- 4.4.2 Analysis of Sucrose Exports to Vietnam
- 4.5 Exporter
- 4.5.1 Company Introduction
- 4.5.2 Analysis of Sucrose Exports to Vietnam
- 4.6 Exporter
- 4.6.1 Company Introduction
- 4.6.2 Analysis of Sucrose Exports to Vietnam
- 4.7 Exporter
- 4.7.1 Company Introduction
- 4.7.2 Analysis of Sucrose Exports to Vietnam
- 4.8 Exporter
- 4.8.1 Company Introduction
- 4.8.2 Analysis of Sucrose Exports to Vietnam
- 4.9 Exporter
- 4.9.1 Company Introduction
- 4.9.2 Analysis of Sucrose Exports to Vietnam
- 4.10 Exporter
- 4.10.1 Company Introduction
- 4.10.2 Analysis of Sucrose Exports to Vietnam
- 5 Analysis of Major Importers in the Import Market of Sucrose in Vietnam (2021-2024)
- 5.1 THANH THANH CONG - BIEN HOA JOINT STOCK COMPANY
- 5.1.1 Company Introduction
- 5.1.2 Analysis of Sucrose Imports
- 5.2 BIEN HOA CONSUMER JOINT STOCK COMPANY
- 5.2.1 Company Introduction
- 5.2.2 Analysis of Sucrose Imports
- 5.3 BSJC
- 5.3.1 Company Introduction
- 5.3.2 Analysis of Sucrose Imports
- 5.4 Importer
- 5.4.1 Company Introduction
- 5.4.2 Analysis of Sucrose Imports
- 5.5 Importer
- 5.5.1 Company Introduction
- 5.5.2 Analysis of Sucrose Imports
- 5.6 Importer
- 5.6.1 Company Introduction
- 5.6.2 Analysis of Sucrose Imports
- 5.7 Importer
- 5.7.1 Company Introduction
- 5.7.2 Analysis of Sucrose Imports
- 5.8 Importer
- 5.8.1 Company Introduction
- 5.8.2 Analysis of Sucrose Imports
- 5.9 Importer
- 5.9.1 Company Introduction
- 5.9.2 Analysis of Sucrose Imports
- 5.10 Importer
- 5.10.1 Company Introduction
- 5.10.2 Analysis of Sucrose Imports
- 6. Monthly Analysis of Sucrose Imports in Vietnam from 2021 to
- 6.1 Analysis of Monthly Import Value and Volume
- 6.2 Forecast of Monthly Average Import Prices
- 7. Key Factors Affecting Sucrose Imports in Vietnam
- 7.1 Policy
- 7.1.1 Current Import Policies
- 7.1.2 Trend Predictions for Import Policies
- 7.2 Economic
- 7.2.1 Market Prices
- 7.2.2 Growth Trends of Sucrose Production Capacity in Vietnam
- 7.3 Technology
- 8. Forecast for the Import of Sucrose in Vietnam, 2024-
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