Production:

According to GSO statistics, Vietnam's peanut production dropped by 7.6 percent in MY 2013/14 to 455 TMT from 492 TMT in MY2012/13. This drop was due to smaller planted area compared to the previous MY.

In MY 2014/15, Post expects growing area to increase to 215 thousand ha and production to increase about 4 percent to 473 TMT. Favorable weather and variety improvement will boost yield and production. In 2015/16, Post forecasts peanut production will continue to increase, to 484 TMT, as peanut cultivated area continues to expand. The peanut planting area is focused in the North Central coast, mountainous and midland areas in the North, and the South Central Coast.

Vietnam's Peanut production

2012

2013

2014

2015

est.*

2016

est.*

Crop area (tha)

219.3

216.4

209.0

215

220

Crop yield (MT/ha)

2.14

2.27

2.17

2.2

2.2

Total production (TMT)

468.4

491.9

454.5

473

484

Consumption:

Post estimates that 680 TMT of peanuts (in-shell basis) were consumed domestically in Vietnam in MY 2013/14. In MY 2014/15 and MY 2015/16, Post estimates peanut consumption at 690 TMT and 720 TMT, respectively. The majority of peanuts, locally produced and imported, are used in the snack and confectionery industries with a small amount used in-shell for household consumption, extruded for cooking oil, or exported.

Trade:

Imports

Vietnam's total peanut imports (in-shell equivalent) were 217 TMT in MY 2013/14, an increase of 15 percent over the year before. Both in-shell and shelled imports, mainly from the, India, Senegal, Argentina, China, Paraguay and United States, are used by the snack food industry in Vietnam. Post forecasts imports to be 250 TMT (in-shell basis) in MY 2014/15, and increase slightly to 280 TMT in MY 2015/16.

In-shell peanut imports by source

Country

2012

2013

2014

Total in-shell peanut imports (in MT):

2,982

11,933

5,818

USA

428

9,906

2,922

India

758

370

2,547

China

1,461

1,245

269

Senegal

144

412

80

Indonesia

173

n/a

n/a

Other countries

18

n/a

n/a

Source: GCO, GTA; * Note: In-shell peanuts: HS code 120210; and 120241

Shelled peanut imports by source

Country

2012

2013

2014

Total shelled peanut

imports ( in-shell basis)

325,193

177,322

211,181

Total shelled peanut imports (in MT)

244,506

133,325

158,783

India

226,460

35,814

144,563

Senegal

11,243

12,356

7,741

China

999

1,184

3,278

Paraguay

2,838

1,885

1,800

USA

553

69,562

1,331

Other countries

2,413

12,524

70

Source: GCO, GTA; * Note: Shelled peanuts include HS code 120220, 120242 and 200811;

Conversion rate: 1.33

Exports

In MY 2013/14, Vietnam exported a small quantity (2.2 TMT) of in-shell and shelled peanuts, mainly to Thailand, Taiwan and Russia. This is a significant drop of 66 percent from the year before due to much smaller demand from Thailand market to compare with the previous year. Post forecasts that peanut exports will remain at the same level or increase slightly in MY 2014/15 and MY 2015/16.

Vietnam's peanut exports

Year

2011

2012

2013

2014

2015* est.

In-shell peanut exports (MT)

(HS code 120210 and 120241)

1,845

990

1,427

276

300

Shelled Peanut exports (MT)

(HS code 120220 and 120242)

2,036

3,342

5,331

1,421

1,500

Total converted into in-shell peanut exports (MT) (conversion rate 1.33)

4,553

5,435

6,416

2,166

2,295

Source: GTA, *Post estimates; Note: Peanuts are in in-shell basis, including in-shell peanut (HS code 120210; 120241) and shelled peanuts (HS code 120220; 120242)

Import Tariffs

The tariff rate applied to both in-shell and shelled peanuts (HS Codes: 120241, 120220, and 120242) imported from countries having Most Favored Nation (MFN) status with Vietnam remains 10 percent;

Peanut import tariffs (%)

HS code

Description

MFN

ATIGA

ACFTA

AKFTA

VJEPA

AJCEP

AIFTA

AANZFTA

VCFTA

1202

Peanuts, not roasted or otherwise cooked, whether or not shelled or broken

1202.30.00

- Seed suitable for sowing

0

0

0

0

0

0

0

0

0

- Other

1202.41.00

--In-shell

10

0

0

0

4.5

4

5

5

8

1202.42.00

--Shelled, whether or not broken

10

0

0

0

4.5

4

5

5

8

2008

Fruits, nuts and other edible parts of plants, otherwise prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit, not elsewhere specified or included

2008.11.10

- - - Roasted ground nuts

30

0

0

0

25

23

20

10

25

2008.11.20

- - - Peanut butter

18

0

0

0

25

23

20

10

25

2008.11.90

- - - Other

20

0

0

0

25

23

20

10

25

Vietnam's Production, Supply & Demand Table for Peanuts*

Oilseed, Peanut

2013/2014

2014/2015

2015/2016

Market Begin Year

Jan 2014

Jan 2015

Jan 2016

Vietnam

USDA Official

New post

USDA Official

New post

USDA Official

New post

Area Planted

0

209

0

215

0

220

Area Harvested

240

209

0

215

0

0

Beginning Stocks

49

49

0

19

0

19

Production

550

455

0

473

0

484

MY Imports

210

217

0

250

0

300

MY Imp. from U.S.

0

5

0

7

0

9

MY Imp. from EU

0

0

0

0

0

0

Total Supply

809

721

0

742

0

803

MY Exports

10

2

0

3

0

4

MY Exp. to EU

0

0

0

0

0

0

Crush

50

20

0

30

0

40

Food Use Dom. Cons.

710

680

0

690

0

720

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

760

700

0

720

0

760

Ending Stocks

39

19

0

19

0

39

Total Distribution

809

721

0

742

0

803

1000 HA, 1000 MT

Source: GCO, GTA, Post estimates; *Note: Peanuts are in in-shell basis, including in-shell peanut (HS code 120210; 120241) and shelled peanuts (HS code 120220; 120242 and 200811 –excluding peanut butter)

Vietnam's Peanut* Import Matrix

Country

Vietnam

Commodity

Peanuts

(in-shell basis)

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

102,423

U.S.

4,692

Others

Others

India

48,003

India

194,816

Senegal

16,846

Senegal

10,376

Argentina

8,142

China

4,629

Nicaragua

3,419

Paraguay

2,394

China

2,820

Paraguay

2,507

Total for Others

81,737

212,215

Others not Listed

5,095

93

Grand Total

189,255

217,000

Source: GTA *Note: Peanuts are in in-shell basis, including in-shell peanut

(HS code 120210; 120241) and shelled peanuts (HS code 120220; 120242 and 200811).

Vietnam's Peanut* Export Matrix

Country

Vietnam

Commodity

Peanuts

(in-shell basis)

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

0

U.S.

0

Others

Others

Thailand

4,723

Taiwan

752

Malaysia

1,485

Thailand

551

Taiwan

1,002

Singapore

180

Singapore

317

Russia

128

Russia

149

Czech Republic

64

Czech Republic

120

France

10

Total for Others

7,796

1,685

Others not Listed

414

12

Grand Total

8,210

1,697

Source: GTA; *Note: Peanuts are in in-shell basis, including in-shell peanut

(HS code 120210; and 120241) and shelled peanuts (HS code 120220; and 120242)