Price for Meat of Bovine Animals; Frozen in Vietnam - 2021
Contents:
- Price for Meat of Bovine Animals; Frozen in Vietnam (CIF) - 2021
- Price for Meat of Bovine Animals; Frozen in Vietnam (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Vietnam
- Exports of Meat of Bovine Animals; Frozen in Vietnam
Price for Meat of Bovine Animals; Frozen in Vietnam (CIF) - 2021
In December 2021, the average import price for meat of bovine animals; frozen amounted to $5,522 per ton, leveling off at the previous month. Overall, the import price, however, saw modest growth. The pace of growth appeared the most rapid in January 2021 an increase of 13% m-o-m. The import price peaked at $5,536 per ton in February 2021; afterwards, it flattened through to December 2021.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Denmark ($5,538 per ton) and Japan ($5,538 per ton), while the price for Spain ($5,372 per ton) and Canada ($5,473 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Vietnam (FOB) - 2022
In 2022, the average export price for meat of bovine animals; frozen amounted to $4,749 per ton, declining by -3.7% against the previous year. In general, the export price continues to indicate a slight decrease. The growth pace was the most rapid in 2018 when the average export price increased by 22%. Over the period under review, the average export prices reached the maximum at $5,670 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($6,681 per ton), while the average price for exports to Malaysia ($1,200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Vietnam
Meat of bovine animals; frozen imports into Vietnam declined slightly to 178K tons in 2022, therefore, remained relatively stable against 2021 figures. Over the period under review, imports faced a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 4.4%.
In value terms, meat of bovine animals; frozen imports reduced to $609M in 2022. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
| Import of Meat of Bovine Animals; Frozen in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 525 | 299 | 371 | 328 | -14.5% |
| Australia | 195 | 63.2 | 95.1 | 84.0 | -24.5% |
| Hong Kong SAR | 431 | 91.9 | 31.6 | 60.9 | -47.9% |
| United States | 220 | 56.8 | 48.3 | 57.8 | -36.0% |
| Canada | 19.5 | 30.7 | 30.7 | 24.7 | 8.2% |
| Others | 105 | 30.4 | 69.2 | 54.3 | -19.7% |
| Total | 1,496 | 572 | 646 | 609 | -25.9% |
Top Suppliers of Meat of Bovine Animals; Frozen to Vietnam in 2022:
- India (85.8K tons)
- Hong Kong SAR (28.0K tons)
- Australia (22.1K tons)
- United States (16.7K tons)
- Canada (7.3K tons)
Exports of Meat of Bovine Animals; Frozen in Vietnam
In 2022, overseas shipments of meat of bovine animals; frozen were finally on the rise to reach 186 tons after two years of decline. Over the period under review, exports, however, recorded a sharp descent.
In value terms, meat of bovine animals; frozen exports rose markedly to $883K in 2022. Overall, exports, however, showed a sharp decrease.
| Export of Meat of Bovine Animals; Frozen in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 2.9 | 33.7 | 155 | 200 | 310.1% |
| Japan | 207 | 153 | 118 | 151 | -10.0% |
| China | 772 | 365 | 185 | 143 | -43.0% |
| Hong Kong SAR | 314 | 127 | 95.7 | 142 | -23.2% |
| Thailand | 28.0 | 29.7 | 58.5 | 75.2 | 39.0% |
| Egypt | 109 | 72.0 | 55.0 | 70.7 | -13.4% |
| Malaysia | 245 | 53.9 | 39.2 | 50.4 | -41.0% |
| India | 81.6 | 49.8 | 32.5 | 41.7 | -20.1% |
| Others | 91.4 | 64.8 | 77.7 | 8.7 | -54.3% |
| Total | 1,852 | 949 | 817 | 883 | -21.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Vietnam in 2022:
- Malaysia (42.0 tons)
- Lao People's Democratic Republic (33.0 tons)
- Japan (29.7 tons)
- China (27.5 tons)
- Hong Kong SAR (21.4 tons)
- Thailand (12.1 tons)
- Egypt (10.6 tons)
- India (8.3 tons)
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