Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam - 2022
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (CIF) - 2022
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (FOB) - 2022
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam
- Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (CIF) - 2022
The average import price for frozen carcasses and half-carcasses of bovine meat stood at $4,480 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($9,913 per ton), while the price for the UK ($2,979 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (FOB) - 2022
The average export price for frozen carcasses and half-carcasses of bovine meat stood at $1,173 per ton in 2022, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 11%. The export price peaked at $7,279 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -17.9% per year.
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam
In 2022, imports of frozen carcasses and half-carcasses of bovine meat into Vietnam amounted to 78 tons, therefore, remained relatively stable against the year before. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 276%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat amounted to $349K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 340% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 5.1 | 60.1 | 231 | 137 | 199.5% |
| India | 0.8 | 11.4 | 50.7 | 34.8 | 251.7% |
| Australia | N/A | 1.5 | 42.5 | 26.0 | 316.3% |
| United Kingdom | 0.2 | 2.3 | 11.0 | 8.0 | 242.0% |
| Canada | 0.2 | 2.3 | 10.3 | 6.3 | 215.8% |
| Others | 21.6 | 1.3 | 1.4 | 137 | 85.1% |
| Total | 28.0 | 78.9 | 347 | 349 | 131.9% |
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Vietnam in 2022:
- Pakistan (36.0 tons)
- Australia (4.8 tons)
- India (3.5 tons)
- United Kingdom (2.7 tons)
- Canada (1.8 tons)
Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam
In 2022, exports of frozen carcasses and half-carcasses of bovine meat from Vietnam rose rapidly to 75 tons, surging by 6.9% on the previous year. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 6.9% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of frozen carcasses and half-carcasses of bovine meat soared to $88K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 18%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Frozen Carcasses and Half-Carcasses of Bovine Meat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 53.1 | 62.9 | 74.4 | 68.7 | 9.0% |
| Others | N/A | N/A | N/A | 19.5 | 0% |
| Total | 53.1 | 62.9 | 74.4 | 88.2 | 18.4% |
Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Vietnam in 2022:
- Malaysia (68.1 tons)
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