What is the price of lactose per kilogram/pound in Vietnam today?
The retail price range for Vietnam lactose is between US$ 0.48 and US$ 1.14 per kilogram or between US$ 0.22 and US$ 0.52 per pound(lb). Click here to see today's exact prices of lactose in Vietnam
The retail price range in Dong for lactose is between VND 11,900.00 and VND 28,560.00 per kilogram or between VND 5,396.83 and VND 12,952.38 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam lactose is between US$ 0.33 and US$ 0.80 per kilogram or between US$ 0.15 and US$ 0.36 per pound(lb).
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Vietnam Lactose Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lactose from Vietnam over the last five years has seen a steady decline. In 2013, the price was 1.92 US dollars per kg, dropping to 1.49 US dollars per kg in 2014. This trend continued in 2015, with the price falling to 1.31 US dollars per kg. 2016 saw the lowest price of 0.76 US dollars per kg, before increasing to 0.93 US dollars per kg in 2017. The price then dropped again in 2018 to 0.77 US dollars per kg, before increasing to 0.92 US dollars per kg in 2019. The latest data from 2020 shows the price has increased to 1.06 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Lactose from Vietnam in 2023 will be 0.94 US dollars per kg, and in 2024 will be 1.08 US dollars per kg.Vietnam Lactose Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lactose into Vietnam has seen a steady decline over the past five years. In 2013, the price was $1.92, dropping to $1.49 in 2014. This trend continued in 2015, when the price fell to $1.31. The following year, 2016, saw the biggest decrease, with the price dropping to $0.76. In 2017, the price rose slightly to $0.93, before dropping again to $0.77 in 2018. The price then rose to $0.92 in 2019, before increasing to $1.06 in 2020. Based on this data, it is likely that the price of Lactose imported into Vietnam will remain relatively stable in the next few years, with an estimated price of $1.02 in 2023 and $1.07 in 2024.Export values for Vietnam lactose
The total values in export for lactose in Vietnam were US$ 405, US$ 689, US$ 1,050 and US$ 624 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 lactose in other countries across Asia: Kazakhstan lactose, Kyrgyzstan lactose, Tajikistan lactose, Turkmenistan lactose, Uzbekistan lactose, China lactose, Hong Kong lactose, Macao lactose, North Korea lactose & Mongolia lactose.
Vietnam lactose - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam sold 677 tonnes of lactose. In 2019 alone, the demand for Vietnam lactose (processed category) has decreased, recording a change of -50.147 per cent compared to the year 2018. Between 2017 and 2019, lactose's exports decreased by -9.01 percent bringing the nation US$0.62m for the year 2019. Vietnam's lactose exports are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
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Vietnam lactose export values
In 2019, Vietnam supplied lactose with a value of 0.62m USD, a decrease of -40.95% from 2018's total lactose export of 1.05m USD. The yearly reduction in value of Vietnam lactose between 2017 to 2018 was 52.395 pc.
The annual variation in the volume of Vietnam's lactose exports between 2017 and 2019 was -9.01 pc in comparison to a variation of -50.147% in the period between 2018 and 2019.
Vietnam's stake of the world's total lactose's exports in 2019 was less than 1%. The country is ranked number 40 in world exports of lactose.
Export markets for Vietnam lactose ( in '000$ )
Import/Export Trends
Vietnam is a net importer of lactose. The annual growth of Vietnam lactose in value between 2015 to 2019 was 90%, per year, while annual growth in quantity during the same period was 104%, per annum.
Vietnam ordered 10,462 tonnes of lactose in 2019.