Vietnam - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Feed Price in Vietnam - 2021
Contents:
- Animal Feed Price in Vietnam (CIF) - 2022
- Animal Feed Price in Vietnam (FOB) - 2022
- Animal Feed Imports in Vietnam
- Animal Feed Exports in Vietnam
Animal Feed Price in Vietnam (CIF) - 2022
In 2022, the average animal feed import price amounted to $1,328 per ton, picking up by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2014 an increase of 46%. The import price peaked at $1,408 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,255 per ton), while the price for Brazil ($295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Feed Price in Vietnam (FOB) - 2022
The average animal feed export price stood at $1,531 per ton in 2022, which is down by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +5.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices reached the maximum at $1,635 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +6.9% per year.
Animal Feed Imports in Vietnam
In 2022, after three years of growth, there was significant decline in purchases abroad of animal and pet feed, when their volume decreased by -9.5% to 502K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year.
In value terms, animal feed imports reduced slightly to $667M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27%.
| Import of Animal Feed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 139 | 202 | 200 | 258 | 22.9% |
| United States | 32.0 | 44.5 | 58.2 | 75.3 | 33.0% |
| Singapore | 32.7 | 46.2 | 46.8 | 49.2 | 14.6% |
| Italy | 13.7 | 13.9 | 10.2 | 36.0 | 38.0% |
| Netherlands | 12.7 | 19.7 | 30.9 | 28.6 | 31.1% |
| South Korea | 6.3 | 12.1 | 15.2 | 20.4 | 47.9% |
| India | 28.3 | 11.2 | 16.8 | 15.8 | -17.7% |
| Brazil | 1.4 | 2.7 | 4.8 | 6.6 | 67.7% |
| Thailand | 47.0 | 54.2 | 59.3 | N/A | 12.3% |
| Malaysia | 11.4 | 15.0 | 18.4 | N/A | 27.0% |
| Oman | 9.7 | 14.9 | 7.5 | N/A | -12.1% |
| Taiwan (Chinese) | 49.9 | 73.3 | 63.9 | N/A | 13.2% |
| Saudi Arabia | 12.6 | 5.4 | 10.6 | N/A | -8.3% |
| Others | 108 | 125 | 150 | 177 | 17.9% |
| Total | 505 | 641 | 692 | 667 | 9.7% |
Top Suppliers of Animal Feed to Vietnam in 2022:
- China (155.9K tons)
- United States (62.7K tons)
- Italy (56.2K tons)
- South Korea (36.8K tons)
- Brazil (22.3K tons)
- Netherlands (18.5K tons)
- Singapore (15.1K tons)
- India (9.4K tons)
Animal Feed Exports in Vietnam
In 2022, the amount of animal and pet feed exported from Vietnam expanded slightly to 232K tons, rising by 4.1% compared with 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. As a result, the exports reached the peak of 241K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, animal feed exports stood at $355M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 5.4%. As a result, the exports reached the peak of $357M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Animal Feed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 15.5 | 10.4 | 3.2 | 355 | 184.0% |
| Malaysia | 74.9 | 71.1 | 69.8 | N/A | -3.5% |
| Cambodia | 68.7 | 73.2 | 70.8 | N/A | 1.5% |
| India | 56.5 | 74.2 | 64.8 | N/A | 7.1% |
| Philippines | 25.0 | 27.9 | 32.6 | N/A | 14.2% |
| Taiwan (Chinese) | 18.5 | 18.8 | 17.9 | N/A | -1.6% |
| Others | 80.0 | 81.8 | 94.4 | N/A | 8.6% |
| Total | 339 | 357 | 354 | 355 | 1.5% |
Top Export Markets for Animal Feed from Vietnam in 2022:
- Myanmar (232.1K tons)
This report provides an in-depth analysis of the animal feed market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the forecasted trends and growth patterns in the global animal and pet feed market from 2023 to 2030. Learn about the projected increase in market volume and value, as well as key statistics on consumption, production, imports, and exports.
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