Vietnam Sugar Comprehensive Report Q2/2019
VIETNAM SUGAR INDUSTRY
According to USDA forecast, the world sugar volume in the crop 2018/2019 will decrease by 4 million tons compared to the previous forecast; however, it will be still at high level, rising by x% compared to the crop 2017/2018.
The world sugar consumption has been increasing for years. The average sugar consumption per person has increased continuously from x kg/person in 2012 to x kg/person in 2018 with a CAGR of x% in the whole period.
Compared to the world sugar industry, Vietnam stands the xth position in sugar growing area and volume. The sugar production volume fluctuated quite closely to the fluctuation of the sugar cane production. When the sugar cane volume increases, the sugar supply tends to increase because after being harvested, sugar cane must be put into production of finished products and be warehoused or it will be damaged and can not last long. According to Vietnam sugar cane association, in the end of season 2018/2019, the sugar volume in Vietnam is forecasted to decrease by x% compared to the crop 2017/2018.
The sugar consumption volume in crop 2017/2018 increased by x% compared to the previous crop. Although it has risen pretty dramatically, the sugar consumption of Vietnamese people is still low compared to other countries in the region and the world average level.
Vietnam's sugar price correlates quite closely with the world sugar price because Vietnam often has to import sugar, but the sugar price is different among domestic regions. In the first 9 months of 2019 in the crop 2018/2019, Vietnam sugar price went on a downward tendency and still maintained low level due to the effects of the price tendency of the world market.
According to USDA forecast, the world sugar volume in the crop 2018/2019 will decrease by 4 million tons compared to the previous forecast; however, it will be still at high level, rising by x% compared to the crop 2017/2018.
The world sugar consumption has been increasing for years. The average sugar consumption per person has increased continuously from x kg/person in 2012 to x kg/person in 2018 with a CAGR of x% in the whole period.
Compared to the world sugar industry, Vietnam stands the xth position in sugar growing area and volume. The sugar production volume fluctuated quite closely to the fluctuation of the sugar cane production. When the sugar cane volume increases, the sugar supply tends to increase because after being harvested, sugar cane must be put into production of finished products and be warehoused or it will be damaged and can not last long. According to Vietnam sugar cane association, in the end of season 2018/2019, the sugar volume in Vietnam is forecasted to decrease by x% compared to the crop 2017/2018.
The sugar consumption volume in crop 2017/2018 increased by x% compared to the previous crop. Although it has risen pretty dramatically, the sugar consumption of Vietnamese people is still low compared to other countries in the region and the world average level.
Vietnam's sugar price correlates quite closely with the world sugar price because Vietnam often has to import sugar, but the sugar price is different among domestic regions. In the first 9 months of 2019 in the crop 2018/2019, Vietnam sugar price went on a downward tendency and still maintained low level due to the effects of the price tendency of the world market.
Abbreviations
Summary
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic Situation
1.2. Legal barriers
1.3. Trade Agreements
2. WORLD SUGAR MARKET
2.1. Overview of sugar industry
2.1.1. Overview of the sweetener market
2.1.2. Value chain of the world sugar industry
2.2. Materials
2.3. Production
2.4. Consumption
2.5. Import export
2.7. Price movements of some types of sugar
2.8. Sugar markets in some countries
3. VIETNAM SUGAR INDUSTRY
3.1 History of Vietnam sugar industry
3.2 Some characteristics of Vietnam sugar industry
3.3 Manufacturing process and technology
3.4 Materials
3.5 Production
3.6 Consumption
3.7 Import export
3.8 Inventory
3.9 Price movements
3.10 Distribution system
4. VIETNAM SUGAR INDUSTRY RISK
5. VIETNAM SUGAR INDUSTRY PLAN
6. PROSPECCTS AND FORECAST
7. ENTERPRISE ANALYSIS
7.1 Enterprise introduction
7.2 Financial analysis
Appendix
Summary
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic Situation
1.2. Legal barriers
1.3. Trade Agreements
2. WORLD SUGAR MARKET
2.1. Overview of sugar industry
2.1.1. Overview of the sweetener market
2.1.2. Value chain of the world sugar industry
2.2. Materials
2.3. Production
2.4. Consumption
2.5. Import export
2.7. Price movements of some types of sugar
2.8. Sugar markets in some countries
3. VIETNAM SUGAR INDUSTRY
3.1 History of Vietnam sugar industry
3.2 Some characteristics of Vietnam sugar industry
3.3 Manufacturing process and technology
3.4 Materials
3.5 Production
3.6 Consumption
3.7 Import export
3.8 Inventory
3.9 Price movements
3.10 Distribution system
4. VIETNAM SUGAR INDUSTRY RISK
5. VIETNAM SUGAR INDUSTRY PLAN
6. PROSPECCTS AND FORECAST
7. ENTERPRISE ANALYSIS
7.1 Enterprise introduction
7.2 Financial analysis
Appendix
LIST OF TABLES
Table 1: Tariff schedule for importing sugar into Vietnam (%)
Table 2: Type of sugar in countries and territories
Table 3: Comparison of methods of collecting sugarcane juice
Table 4: Comparison of sedimentation and filtration methods
Table 5: The main sugarcane crops in Vietnam
Table 6: Cost of sugarcane production by methods
Table 7: Situation of sugar production in regions of Vietnam, 2017/2018
Table 8: List of sugar plants with total installed capacity and current generation status on the grid (as of 2017/2018 crop year)
Table 9: List of Vietnamese sugar factories
Table 1: Tariff schedule for importing sugar into Vietnam (%)
Table 2: Type of sugar in countries and territories
Table 3: Comparison of methods of collecting sugarcane juice
Table 4: Comparison of sedimentation and filtration methods
Table 5: The main sugarcane crops in Vietnam
Table 6: Cost of sugarcane production by methods
Table 7: Situation of sugar production in regions of Vietnam, 2017/2018
Table 8: List of sugar plants with total installed capacity and current generation status on the grid (as of 2017/2018 crop year)
Table 9: List of Vietnamese sugar factories
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: Growth rate of total retail sales of consumer goods and services, 2011 -
9M/2019 (excluding the price factor)
Figure 3: Total population and population structure in working age, 2010 - 2018
Figure 4: Vietnam consumption of sugar per capita, 2010 - 2019f
Figure 5: Consumption of sweeteners, 2000-2018
Figure 6: HFCS production structure by country, 2018
Figure 7: Market share of artificial sweeteners, 2017
Figure 8: World sugarcane area and output, 2011 - 2018
Figure 9: Structure of world sugarcane area by country, 2018
Figure 10: World sugarcane productivity, 2011 - 2018
Figure 11: World harvest area and production of sugar beet, 2010 - 2018
Figure 12: Structure of world harvest area of sugar beet by country, 2018
Figure 13: World sugar beet productivity, 2010 - 2018
Figure 14: World sugar production by type, 2005/2006 - 2018/2019f (*)
Figure 15: Structure of world sugar production by type, crop 2017/2018e
Figure 16: Sugar production volume of major regions in the world, crop year 2017/2018 - 2018/2019
Figure 17: World sugar production structure by country, crop 2018/2019
Figure 18: Type of sugar in countries and territories
Figure 19: Sugar production cost and average monthly salary in some countries, 2017
Figure 20: Labor cost to total sugar production cost ratio, 2017
Figure 21: World sugar consumption, crop year 2008/2009 - 2018/2019
Figure 22: Sugar consumption per capita in the world, 2012-2018e
Figure 23: World sugar consumption structure by region, 2018
Figure 24: Sugar consumption per capita by region, 2000 - 2018
Figure 25: World sugar exports, 2008/2009 - 2018/2019
Figure 26: Structure of world sugar exports by type, 2017 / 2018e
Figure 27: World sugar import structure, 2018/2019
Figure 28: Top 10 world sugar exporting countries, 2018/2019
Figure 29: Price movements of raw sugar in New York and refined sugar prices in London, 6/2016 – 9/2019
Figure 30: Ethanol production and Brazilian ethanol production ratio, 2011/2012 - 2017/2018
Figure 31: Price movements of raw sugar in New York and ethanol prices in Brazil, 1/2016 to 6/2019
Figure 32: Production output and sugarcane growing area in Brazil, 2010-2018e
Figure 33: Production output and consumption of cane sugar in Brazil, 2009/2010 - 2018/2019
Figure 34: Brazil sugar exports, 2009/2010 - 2018/2019
Figure 35: Structure of Brazilian sugar importing countries, 2016/2017 - 2017/2018
Figure 36: Production output and sugarcane growing area in India, 2010-2018
Figure 37: Production and consumption of sugar in India, 2009/2010 - 2018/2019
Figure 38: Import and export of sugar in India, 2009/2010 - 2018/2019
Figure 39: Structure of Indian sugar exports by type, 2017/2018
Figure 40: India sugar export structure by country, 2016/2017 - 2017/2018
Figure 41: Production output and productivity of sugarcane/beet growing in China,
2010-2018e
Figure 42: Sugar production and consumption in China, 2009/2010 - 2018/2019
Figure 43: China's sugar imports, 2009/2010 - 2018/2019
Figure 44: Structure of China's sugar imports by country, 2017/2018
Figure 45: Production output and sugarcane growing area in Thailand, 2010-2018
Figure 46: Production output and sugarcane growing area in Thailand, 2010-2018
Figure 47: Thailand's sugar exports, 2009/2010 - 2018/2019
Figure 48: Thailand’s sugar export market, 2017/2018
Figure 49: Sugarcane area and productivity of Vietnam, 2009/2010 - 2018/2019
Figure 50: Vietnam sugarcane output, 2009/2010 - 2018/2019
Figure 51: Allocation of Cane plantation area of Vietnam, 2018
Figure 52: Provinces with the largest sugarcane growing area in Vietnam, 2018
Figure 53: Sugar and yield of some sugarcane varieties of Vietnam
Figure 54: Number of employees in Sugar manufacturing industry, 2010 - 2017
Figure 55: Revenue and profit of sugar industry, 2010 - 2017
Figure 56: Vietnam sugar production, 2009/2010 - 2018/2019
Figure 57: Molasses production of Vietnam, 2010 - 2018
Figure 58: Vietnam sugar consumption, 2010/2011 - 2018/2019
Figure 59: Vietnam consumption of sugar per capita, 2010 - 2019f
Figure 60: Value of Vietnam sugar imports over months, 2016 - 2019
Figure 61: Structure of imported sugar by type, 6M/2019
Figure 62: Structure of Vietnam sugar import market, 6M / 2019
Figure 63: Export value of Vietnam sugar, 2016 - 2018
Figure 64: Ending stock of Vietnam sugar, 2010 – 2019f
Figure 65: Wholesale and retail prices for domestic roads, 1/2016 - 6/2019
Figure 66: World sugar prices, 6/2016 - 9/2019
Figure 67: Forecast of production output and consumption, 2013/2014 - 2019/2020f
Figure 68: Sugar consumption per person in the world, 2012-2019f
Figure 69: Forecast of sugar production and consumption, 2015/2016 - 2019/2020f
Figure 70: Net revenue, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 71: Gross profit margin, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 72: Sales expenses, crop year 2016/2017 - 2017/2018 and 2017 - 2018
Figure 73: General and administrative expenses, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 74: Financial activities expenses, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 75: Debt ratio, crop year 2016/2017 - 2017/2018 and 2017 - 2018
Figure 76: Payment index, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 77: Fixed asset turnover, 2017/2018 and 2018
Figure 78: Profit margin, 2018 and crop year 2017/2018
Figure 1: GDP growth rate by quarter, 2016 - 2019
Figure 2: Growth rate of total retail sales of consumer goods and services, 2011 -
9M/2019 (excluding the price factor)
Figure 3: Total population and population structure in working age, 2010 - 2018
Figure 4: Vietnam consumption of sugar per capita, 2010 - 2019f
Figure 5: Consumption of sweeteners, 2000-2018
Figure 6: HFCS production structure by country, 2018
Figure 7: Market share of artificial sweeteners, 2017
Figure 8: World sugarcane area and output, 2011 - 2018
Figure 9: Structure of world sugarcane area by country, 2018
Figure 10: World sugarcane productivity, 2011 - 2018
Figure 11: World harvest area and production of sugar beet, 2010 - 2018
Figure 12: Structure of world harvest area of sugar beet by country, 2018
Figure 13: World sugar beet productivity, 2010 - 2018
Figure 14: World sugar production by type, 2005/2006 - 2018/2019f (*)
Figure 15: Structure of world sugar production by type, crop 2017/2018e
Figure 16: Sugar production volume of major regions in the world, crop year 2017/2018 - 2018/2019
Figure 17: World sugar production structure by country, crop 2018/2019
Figure 18: Type of sugar in countries and territories
Figure 19: Sugar production cost and average monthly salary in some countries, 2017
Figure 20: Labor cost to total sugar production cost ratio, 2017
Figure 21: World sugar consumption, crop year 2008/2009 - 2018/2019
Figure 22: Sugar consumption per capita in the world, 2012-2018e
Figure 23: World sugar consumption structure by region, 2018
Figure 24: Sugar consumption per capita by region, 2000 - 2018
Figure 25: World sugar exports, 2008/2009 - 2018/2019
Figure 26: Structure of world sugar exports by type, 2017 / 2018e
Figure 27: World sugar import structure, 2018/2019
Figure 28: Top 10 world sugar exporting countries, 2018/2019
Figure 29: Price movements of raw sugar in New York and refined sugar prices in London, 6/2016 – 9/2019
Figure 30: Ethanol production and Brazilian ethanol production ratio, 2011/2012 - 2017/2018
Figure 31: Price movements of raw sugar in New York and ethanol prices in Brazil, 1/2016 to 6/2019
Figure 32: Production output and sugarcane growing area in Brazil, 2010-2018e
Figure 33: Production output and consumption of cane sugar in Brazil, 2009/2010 - 2018/2019
Figure 34: Brazil sugar exports, 2009/2010 - 2018/2019
Figure 35: Structure of Brazilian sugar importing countries, 2016/2017 - 2017/2018
Figure 36: Production output and sugarcane growing area in India, 2010-2018
Figure 37: Production and consumption of sugar in India, 2009/2010 - 2018/2019
Figure 38: Import and export of sugar in India, 2009/2010 - 2018/2019
Figure 39: Structure of Indian sugar exports by type, 2017/2018
Figure 40: India sugar export structure by country, 2016/2017 - 2017/2018
Figure 41: Production output and productivity of sugarcane/beet growing in China,
2010-2018e
Figure 42: Sugar production and consumption in China, 2009/2010 - 2018/2019
Figure 43: China's sugar imports, 2009/2010 - 2018/2019
Figure 44: Structure of China's sugar imports by country, 2017/2018
Figure 45: Production output and sugarcane growing area in Thailand, 2010-2018
Figure 46: Production output and sugarcane growing area in Thailand, 2010-2018
Figure 47: Thailand's sugar exports, 2009/2010 - 2018/2019
Figure 48: Thailand’s sugar export market, 2017/2018
Figure 49: Sugarcane area and productivity of Vietnam, 2009/2010 - 2018/2019
Figure 50: Vietnam sugarcane output, 2009/2010 - 2018/2019
Figure 51: Allocation of Cane plantation area of Vietnam, 2018
Figure 52: Provinces with the largest sugarcane growing area in Vietnam, 2018
Figure 53: Sugar and yield of some sugarcane varieties of Vietnam
Figure 54: Number of employees in Sugar manufacturing industry, 2010 - 2017
Figure 55: Revenue and profit of sugar industry, 2010 - 2017
Figure 56: Vietnam sugar production, 2009/2010 - 2018/2019
Figure 57: Molasses production of Vietnam, 2010 - 2018
Figure 58: Vietnam sugar consumption, 2010/2011 - 2018/2019
Figure 59: Vietnam consumption of sugar per capita, 2010 - 2019f
Figure 60: Value of Vietnam sugar imports over months, 2016 - 2019
Figure 61: Structure of imported sugar by type, 6M/2019
Figure 62: Structure of Vietnam sugar import market, 6M / 2019
Figure 63: Export value of Vietnam sugar, 2016 - 2018
Figure 64: Ending stock of Vietnam sugar, 2010 – 2019f
Figure 65: Wholesale and retail prices for domestic roads, 1/2016 - 6/2019
Figure 66: World sugar prices, 6/2016 - 9/2019
Figure 67: Forecast of production output and consumption, 2013/2014 - 2019/2020f
Figure 68: Sugar consumption per person in the world, 2012-2019f
Figure 69: Forecast of sugar production and consumption, 2015/2016 - 2019/2020f
Figure 70: Net revenue, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 71: Gross profit margin, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 72: Sales expenses, crop year 2016/2017 - 2017/2018 and 2017 - 2018
Figure 73: General and administrative expenses, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 74: Financial activities expenses, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 75: Debt ratio, crop year 2016/2017 - 2017/2018 and 2017 - 2018
Figure 76: Payment index, 2016/2017 - 2017/2018 and 2017 - 2018
Figure 77: Fixed asset turnover, 2017/2018 and 2018
Figure 78: Profit margin, 2018 and crop year 2017/2018
