Vietnam's Turmeric Export: 2024 Trends and 2025 Market Forecast
tuanminhexport123
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tuanminhexport123
Ongoing, First published Oct 17
americanfoodindiaturmeric
Analysis of Vietnam's Turmeric Export Price and Volume (January - September 2024) and Forecast for 2025
From January to September 2024, Vietnam's turmeric export price increased from 3.5 USD/kg to 5.0 USD/kg, with export volumes rising from 1,200 to 1,550 tons. This upward trend reflects growing demand from major markets like the U.S., China, and Japan, where Vietnamese turmeric is valued for its high curcumin content, making it suitable for use in pharmaceuticals, cosmetics, and traditional medicine.
 Forecast for 2025
- Price: Expected to continue rising, likely reaching between 5.2 - 5.7 USD/kg, driven by consistent demand and limited supply.
- Volume: Export volume could reach 20,000 tons, supported by expanded cultivation areas and improved processing technology, enabling Vietnam to meet increasing global demand.
- Market: In addition to the U.S. and China, Vietnam has opportunities to expand into new markets such as the Middle East and Africa, where turmeric is gaining popularity for medicinal and culinary uses.
Vietnam's turmeric industry is poised for sustainable growth. To capitalize on this momentum, businesses should invest in quality improvements, expand distribution channels, and optimize supply chains to meet the growing demands of international markets.
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