Vietnam: Meat And Poultry Market 2024

Meat And Poultry Market Size in Vietnam

The Vietnamese meat and poultry market contracted slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a slight setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Meat And Poultry Production in Vietnam

In value terms, meat and poultry production reduced to $X in 2022 estimated in export price. Overall, production saw a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Meat and poultry production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of meat and poultry in Vietnam rose slightly to X kg per head in 2022, increasing by X% on the year before. In general, the yield, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2016 to 2022, the growth of the average meat and poultry yield remained at a somewhat lower figure.

In 2022, the number of animals slaughtered for meat and poultry production in Vietnam declined to X heads, with a decrease of X% against 2021 figures. Over the period under review, the number of producing animals, however, showed buoyant growth. The growth pace was the most rapid in 2021 when the number of producing animals increased by X%. As a result, the number of producing animals reached the peak level of X heads, and then declined in the following year.

Meat And Poultry Exports

Exports from Vietnam

In 2022, the amount of meat and poultry exported from Vietnam rose to X tons, increasing by X% on 2021 figures. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and poultry exports surged to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and Malaysia (X tons) were the main destinations of meat and poultry exports from Vietnam, with a combined X% share of total exports. Japan, Taiwan (Chinese), Macao SAR, Pakistan, the United States, South Korea, France, Belgium and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from Vietnam were Hong Kong SAR ($X), China ($X) and the United States ($X), with a combined X% share of total exports. France, Belgium, Macao SAR, Malaysia, South Korea, Japan, Singapore, Taiwan (Chinese) and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Vietnam

In 2022, after three years of decline, there was growth in overseas purchases of meat and poultry, when their volume increased by X% to X tons. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports fell to $X in 2022. Over the period under review, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), India (X tons) and Brazil (X tons) were the main suppliers of meat and poultry imports to Vietnam, with a combined X% share of total imports. Russia, South Korea, Poland, Iran, Germany, Australia, Canada and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and poultry suppliers to Vietnam were India ($X), the United States ($X) and Russia ($X), together accounting for X% of total imports.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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