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Vietnam - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Beef Market Overview 2021

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Beef Market Size in Vietnam

The Vietnamese beef market contracted notably to $X in 2020, reducing by -X% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Beef consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Beef Production in Vietnam

In value terms, beef production rose notably to $X in 2020 estimated in export prices. In general, production showed a pronounced slump. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

In 2020, the average beef yield in Viet Nam totaled X kg per head, remaining relatively unchanged against the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the average beef yield reached the peak level in 2020 and is likely to see steady growth in years to come.

In 2020, the number of animals slaughtered for beef production in Viet Nam reached X heads, with an increase of X% on the year before. This number increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2009 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for beef production peaked in 2020 and is expected to retain growth in years to come.

Beef Exports

Exports from Vietnam

In 2020, after six years of growth, there was significant decline in overseas shipments of beef (cattle meat), when their volume decreased by -X% to X tonnes. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, beef exports declined dramatically to $X in 2020. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Cambodia (X tonnes), Hong Kong SAR (X tonnes) and Lao People's Democratic Republic (X tonnes) were the main destinations of beef exports from Viet Nam, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cambodia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Hong Kong SAR ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for beef exported from Viet Nam worldwide, with a combined X% share of total exports.

Among the main countries of destination, Cambodia (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beef export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to Hong Kong SAR ($X per tonne) and Lao People's Democratic Republic ($X per tonne), while the average price for exports to China ($X per tonne) and Cambodia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Vietnam

In 2020, approx. X tonnes of beef (cattle meat) were imported into Viet Nam; with a decrease of -X% against the previous year's figure. In general, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, beef imports reduced remarkably to $X in 2020. Over the period under review, imports saw a mild expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, India (X tonnes) constituted the largest beef supplier to Viet Nam, accounting for a X% share of total imports. Moreover, beef imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from India totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the U.S. (-X% per year).

In value terms, India ($X) constituted the largest supplier of beef to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average beef import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, import price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Australia ($X per tonne) and India ($X per tonne), while the price for Canada ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?
+
The countries with the highest volumes of beef consumption in 2020 were the U.S. (13M tonnes), China (8.6M tonnes) and Brazil (8.6M tonnes), together comprising 41% of global consumption. Argentina, Pakistan, Mexico, Russia, India, France, Australia, Germany, Canada and Turkey lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of beef (cattle meat) in the world?
+
The countries with the highest volumes of beef production in 2020 were the U.S. (12M tonnes), Brazil (10M tonnes) and China (6.5M tonnes), together accounting for 40% of global production. Argentina, India, Australia, Pakistan, Mexico, Russia, France, Canada, Turkey and Germany lagged somewhat behind, together comprising a further 26%.
What are the leading suppliers of beef (cattle meat) to Vietnam?
+
In value terms, India ($273M) constituted the largest supplier of beef to Viet Nam, comprising 61% of total imports. The second position in the ranking was occupied by Australia ($78M), with a 18% share of total imports. It was followed by the U.S., with a 12% share.
What are the leading importers of beef (cattle meat) from Vietnam?
+
In value terms, Cambodia ($501K), Hong Kong SAR ($309K) and Lao People's Democratic Republic ($82K) appeared to be the largest markets for beef exported from Viet Nam worldwide, together accounting for 93% of total exports.
What is the average export price for beef (cattle meat) in Vietnam?
+
In 2020, the average beef export price amounted to $4,621 per tonne, jumping by 42% against the previous year.
What is the average import price for beef (cattle meat) in Vietnam?
+
In 2020, the average beef import price amounted to $5,163 per tonne, picking up by 70% against the previous year.

Product coverage:
• FCL 947 - Buffalo meat
• FCL 867 - Meat of cattle

This report provides an in-depth analysis of the beef market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Viet Nam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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