Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam - 2022

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam (CIF) - 2022
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam (CIF) - 2022

In 2022, the average import price for fresh or chilled carcasses and half-carcasses of bovine meat amounted to $5,489 per ton, dropping by -38.5% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 70%. Over the period under review, average import prices reached the peak figure at $8,929 per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($31,094 per ton), while the price for Nepal ($2,077 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $4,991 per ton in 2022, falling by -9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 2.7%. Over the period under review, the average export prices attained the maximum at $5,486 per ton in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2014 to 2022, the rate of growth in terms of prices for Poland amounted to +0.2% per year.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam

Imports of fresh or chilled carcasses and half-carcasses of bovine meat into Vietnam surged to 14 tons in 2022, with an increase of 224% compared with 2021 figures. In general, imports showed a significant increase. 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 carcasses and half-carcasses of bovine meat soared to $76K in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 188%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Vietnam in 2022:

1. Pakistan (1.9 tons)
2. Nepal (1.2 tons)
3. Canada (0.1 tons)
4. Australia (0.1 tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Vietnam

After three years of growth, overseas shipments of fresh or chilled carcasses and half-carcasses of bovine meat decreased by -25% to 108 kg in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15%.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat shrank remarkably to $539 in 2022. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Vietnam in 2022:

1. Poland (136.0 kg)

Source: IndexBox Market Intelligence Platform