Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (CIF) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,192 per ton, increasing by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average import price increased by 16%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($5,192 per ton) and Australia ($5,192 per ton), while the price for New Zealand ($5,191 per ton) and Canada ($5,192 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $2,960 per ton in 2022, shrinking by -5.6% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 13%. The export price peaked at $6,794 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($5,301 per ton), while the average price for exports to Cambodia amounted to $5,290 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+10.5%).
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
Imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Vietnam surged to 2.5K tons in 2022, rising by 40% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $13M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.9 | 2.4 | 1.7 | 5.2 | -9.0% |
| Canada | 0.4 | 0.9 | 4.1 | 3.8 | 111.8% |
| Australia | 2.1 | 2.0 | 1.6 | 2.2 | 1.6% |
| Spain | N/A | N/A | 0.5 | 0.9 | 80.0% |
| Russia | 0.7 | 1.0 | 0.4 | 0.4 | -17.0% |
| New Zealand | 0.2 | N/A | 0.4 | 0.3 | 14.5% |
| Others | 0.7 | 0.2 | 0.1 | N/A | -62.2% |
| Total | 11.0 | 6.6 | 8.8 | 12.9 | 5.5% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Vietnam in 2022:
- United States (1008.0 tons)
- Canada (740.4 tons)
- Australia (425.4 tons)
- Spain (176.6 tons)
- Russia (71.8 tons)
- New Zealand (64.0 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam
In 2022, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Vietnam dropped to 234 tons, declining by -7.8% on the year before. In general, exports showed a deep downturn. The smallest decline of -7.8% was in 2021.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell to $692K in 2022. Over the period under review, exports continue to indicate a deep downturn. The smallest decline of -12.9% was in 2020.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | N/A | N/A | N/A | 12.8 | 0% |
| Panama | N/A | N/A | N/A | 0.8 | 0% |
| Lao People's Democratic Republic | 4.3 | N/A | N/A | N/A | 0% |
| Others | 1,044 | 913 | 795 | 678 | -13.4% |
| Total | 1,049 | 913 | 795 | 692 | -12.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Vietnam in 2022:
- Cambodia (2.4 tons)
- Panama (0.2 tons)
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