Vietnam - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Vietnam - 2021
Contents:
- Bacon and Ham Price in Vietnam (CIF) - 2021
- Bacon and Ham Price in Vietnam (FOB) - 2022
- Bacon and Ham Imports in Vietnam
- Bacon and Ham Exports in Vietnam
Bacon and Ham Price in Vietnam (CIF) - 2021
The average bacon and ham import price stood at $9,201 per ton in December 2021, therefore, remained relatively stable against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 2.6% against the previous month. The import price peaked at $9,451 per ton in December 2020; however, from January 2021 to December 2021, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Italy ($9,307 per ton), while the price for Spain amounted to $9,165 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.1%).
Bacon and Ham Price in Vietnam (FOB) - 2022
In 2022, the average bacon and ham export price amounted to $10,318 per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham export price decreased by -0.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $10,552 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($10,321 per ton), while the average price for exports to Hong Kong SAR amounted to $10,304 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Imports in Vietnam
Bacon and ham imports into Vietnam contracted notably to 171 tons in 2022, shrinking by -15.7% compared with the year before. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 46%.
In value terms, bacon and ham imports dropped dramatically to $1.5M in 2022. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 52%.
| Import of Bacon and Ham in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 542 | 523 | 1,118 | 830 | 15.3% |
| Italy | 664 | 506 | 530 | 410 | -14.8% |
| Denmark | 526 | 69.5 | 3.1 | 145 | -34.9% |
| Canada | 10.5 | 4.9 | 14.5 | 13.5 | 8.7% |
| Malaysia | 122 | N/A | N/A | N/A | 0% |
| Myanmar | N/A | N/A | 12.4 | N/A | 0% |
| Others | 153 | 120 | 189 | 146 | -1.5% |
| Total | 2,018 | 1,224 | 1,867 | 1,545 | -8.5% |
Top Suppliers of Bacon and Ham to Vietnam in 2022:
- Spain (87.5 tons)
- Italy (46.8 tons)
- Denmark (17.6 tons)
- Canada (3.1 tons)
Bacon and Ham Exports in Vietnam
After two years of decline, shipments abroad of bacon, ham and other dried, salted or smoked pig meat increased by 83% to 2.1 tons in 2022. Over the period under review, exports, however, showed a significant decline.
In value terms, bacon and ham exports skyrocketed to $22K in 2022. Overall, exports, however, saw a significant contraction.
| Export of Bacon and Ham in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 141 | 28.0 | 9.8 | 18.5 | -49.2% |
| Hong Kong SAR | 28.5 | 3.1 | 1.6 | 3.4 | -50.8% |
| Taiwan (Chinese) | 16.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.9 | 0.4 | N/A | -78.9% |
| Total | 186 | 33.1 | 11.8 | 21.8 | -51.1% |
Top Export Markets for Bacon and Ham from Vietnam in 2022:
- China (1.8 tons)
- Hong Kong SAR (0.3 tons)
This report provides an in-depth analysis of the bacon and ham 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 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
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
-
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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