Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (CIF) - 2022
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $6,329 per ton in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,329 per ton), while the price for Australia totaled $6,329 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
In 2022, after two years of decline, there was significant growth in purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 125% to 317 tons. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $2M in 2022. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,401 | 808 | 684 | 1,873 | 10.2% |
| United States | 71.6 | 17.1 | 85.7 | 132 | 22.6% |
| Others | 5.4 | 0.7 | 22.0 | 4.2 | -8.0% |
| Total | 1,478 | 826 | 792 | 2,009 | 10.8% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Vietnam in 2022:
- Australia (295.9 tons)
- United States (20.8 tons)
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