Vietnam - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Vietnam - 2022
Contents:
- Pork Price in Vietnam (CIF) - 2022
- Pork Price in Vietnam (FOB) - 2022
- Pork Imports in Vietnam
- Pork Exports in Vietnam
Pork Price in Vietnam (CIF) - 2022
In December 2022, the average pork import price amounted to $2,755 per ton, remaining constant against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 1.1% against the previous month. Over the period under review, average import prices reached the peak figure at $2,764 per ton in August 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Italy ($2,785 per ton) and Russia ($2,781 per ton), while the price for Canada ($2,696 per ton) and Germany ($2,715 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pork Price in Vietnam (FOB) - 2022
In December 2022, the average pork export price amounted to $2,727 per ton, remaining constant against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 8.2% against the previous month. The export price peaked at $2,733 per ton in February 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably for the major external markets. In December 2022, the country with the highest price was Hong Kong SAR ($2,733 per ton), while the average price for exports to Lao People's Democratic Republic stood at $2,542 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Pork Imports in Vietnam
In 2022, supplies from abroad of pork decreased by -20.1% to 94K tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 361% against the previous year. As a result, imports attained the peak of 129K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, pork imports declined dramatically to $258M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 490% against the previous year. As a result, imports reached the peak of $363M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Pork in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 25.4 | 93.4 | 71.3 | 104 | 60.0% |
| Russia | N/A | 98.1 | 129 | 76.0 | -12.0% |
| Germany | 2.3 | 10.8 | 38.1 | 35.1 | 148.0% |
| Canada | 7.3 | 35.2 | 19.3 | 13.0 | 21.2% |
| Poland | 8.7 | 20.7 | 9.4 | 6.9 | -7.4% |
| Spain | 2.7 | 5.9 | 3.0 | 5.7 | 28.3% |
| United States | 4.2 | 48.7 | 4.8 | 0.9 | -40.2% |
| Others | 10.9 | 50.1 | 41.7 | 15.8 | 13.2% |
| Total | 61.6 | 363 | 316 | 258 | 61.2% |
Top Suppliers of Pork to Vietnam in 2022:
- Brazil (37.7K tons)
- Russia (27.3K tons)
- Germany (12.9K tons)
- Canada (4.9K tons)
- Poland (2.6K tons)
- Spain (2.2K tons)
- United States (0.4K tons)
Pork Exports in Vietnam
In 2022, the amount of pork exported from Vietnam reached 19K tons, growing by 12% against 2021 figures. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, pork exports skyrocketed to $51M in 2022. Over the period under review, exports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 43%.
| Export of Pork in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 50.3 | 23.8 | 34.6 | 41.0 | -6.6% |
| Thailand | 0.3 | 0.2 | 0.2 | 6.8 | 183.0% |
| Lao People's Democratic Republic | N/A | N/A | N/A | 2.8 | 0% |
| Macao SAR | 2.6 | 3.5 | 4.6 | N/A | 33.0% |
| Singapore | 2.1 | 0.4 | 1.0 | N/A | -31.0% |
| Others | 1.1 | 1.2 | 1.1 | N/A | 0.0% |
| Total | 56.3 | 29.2 | 41.5 | 50.6 | -3.5% |
Top Export Markets for Pork from Vietnam in 2022:
- Singapore (undefinedK tons)
- Macao SAR (undefinedK tons)
- Hong Kong SAR (15.0K tons)
- Thailand (2.7K tons)
- Lao People's Democratic Republic (1.1K tons)
This report provides an in-depth analysis of the pork 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:
- FCL 1035 - Pig meat
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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