Swine; Live Price in Vietnam - 2022

Swine; Live Price in Vietnam (CIF) - 2022

In 2022, the average swine; live import price amounted to $1,168 per unit, waning by -1.9% against the previous year. Overall, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 39%. Over the period under review, average import prices reached the peak figure at $1,190 per unit in 2021, and then fell modestly in the following year.

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 the United States ($9,114 per unit), while the price for Canada ($515 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Swine; Live Price in Vietnam (FOB) - 2022

In 2022, the average swine; live export price amounted to $249 per unit, growing by 1.8% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Cambodia ($334 per unit), while the average price for exports to China ($214 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Swine; Live Imports in Vietnam

In 2022, purchases abroad of swine; live decreased by -16% to 4K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of 4.7K units, and then dropped notably in the following year.

In value terms, swine; live imports declined significantly to $4.7M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of $5.6M, and then contracted rapidly in the following year.

Import of Swine; Live in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	670	2,658	3,993	3,318	70.5%
Lao People's Democratic Republic	1,015	722	1,001	832	-6.4%
Canada	301	128	357	180	-15.8%
Denmark	223	49.8	53.5	82.2	-28.3%
Others	173	110	242	246	12.5%
Total	2,383	3,668	5,646	4,657	25.0%

Top Suppliers of Swine; Live to Vietnam in 2022:

Thailand (2958.0 units)
Lao People's Democratic Republic (584.0 units)
Canada (349.0 units)
Denmark (26.0 units)

Swine; Live Exports in Vietnam

In 2022, the amount of swine; live exported from Vietnam shrank significantly to 4.7K units, which is down by -50.8% against the year before. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 28,594% against the previous year. As a result, the exports attained the peak of 9.5K units, and then contracted dramatically in the following year.

In value terms, swine; live exports reduced notably to $1.2M in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47,836%. As a result, the exports reached the peak of $2.3M, and then declined dramatically in the following year.

Export of Swine; Live in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	368	3.8	1,424	651	20.9%
Cambodia	20.7	1.0	790	451	179.3%
Lao People's Democratic Republic	1.8	N/A	101	57.6	217.5%
Others	N/A	N/A	N/A	N/A	0%
Total	391	4.8	2,315	1,160	43.7%