Vietnam - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Vietnam - 2022
Contents:
- Pig Fat Price in Vietnam (CIF) - 2022
- Pig Fat Price in Vietnam (FOB) - 2022
- Pig Fat Imports in Vietnam
- Pig Fat Exports in Vietnam
Pig Fat Price in Vietnam (CIF) - 2022
The average pig fat import price stood at $1,298 per ton in 2022, increasing by 2.7% against the previous year. Over the period under review, the import price recorded a noticeable expansion. The pace of growth was the most pronounced in 2019 an increase of 71%. Over the period under review, average import prices attained the peak figure at $1,301 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,286 per ton), while the price for Ireland ($883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Price in Vietnam (FOB) - 2022
The average pig fat export price stood at $1,977 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a significant decline. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $13,936 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2014 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Pig Fat Imports in Vietnam
In 2022, pig fat imports into Vietnam surged to 14K tons, rising by 71% compared with the previous year. In general, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 173%. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pig fat imports skyrocketed to $19M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 211%. As a result, imports reached the peak of $27M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Pig Fat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,032 | 5,394 | 2,383 | 4,100 | 58.4% |
| Denmark | 1,001 | 605 | 205 | 1,298 | 9.0% |
| Netherlands | 366 | 201 | 154 | 533 | 13.3% |
| Hungary | N/A | N/A | N/A | 284 | 0% |
| Italy | 49.4 | 90.1 | 100 | 213 | 62.8% |
| Ireland | 22.3 | 48.3 | 119 | 128 | 79.0% |
| Others | 6,110 | 20,341 | 7,630 | 12,080 | 25.5% |
| Total | 8,580 | 26,680 | 10,591 | 18,635 | 29.5% |
Top Suppliers of Pig Fat to Vietnam in 2022:
- Spain (3.0K tons)
- Denmark (0.9K tons)
- Netherlands (0.5K tons)
- Hungary (0.2K tons)
- Italy (0.1K tons)
- Ireland (0.1K tons)
Pig Fat Exports in Vietnam
In 2022, after two years of decline, there was decline in overseas shipments of pig fat, when their volume decreased by 0% to 47 tons. Over the period under review, exports continue to indicate a drastic downturn. The smallest decline of 99.9% was in 2020.
In value terms, pig fat exports totaled $93K in 2022. Overall, exports saw a slight decline. The smallest decline of 99.9% was in 2020.
| Export of Pig Fat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 12.9 | 0% |
| Philippines | 96.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 80.4 | 0% |
| Total | 96.9 | N/A | N/A | 93.3 | -1.3% |
Top Export Markets for Pig Fat from Vietnam in 2022:
- Netherlands (6.5 tons)
This report provides an in-depth analysis of the pig fat 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 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)
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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