Vietnam: Goat Meat Market 2024

Goat Meat Market Size in Vietnam

The Vietnamese goat meat market shrank to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Goat meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Goat Meat Production in Vietnam

In value terms, goat meat production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Goat meat production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of goat meat in Vietnam totaled X kg per head in 2022, leveling off at the year before. Over the period under review, the yield saw a relatively flat trend pattern. Over the period under review, the average goat meat yield hit record highs in 2022 and is expected to retain growth in the immediate term.

In 2022, approx. X heads of animals slaughtered for goat meat production in Vietnam; therefore, remained relatively stable against the previous year. In general, the number of producing animals, however, saw buoyant growth. The growth pace was the most rapid in 2015 when the number of producing animals increased by X%. The number of animals slaughtered for goat meat production peaked at X heads in 2021, and then declined modestly in the following year.

Goat Meat Exports

Exports from Vietnam

In 2022, approx. X tons of goat meat were exported from Vietnam; therefore, remained relatively stable against the previous year's figure. Overall, exports faced a dramatic contraction. The smallest decline of X% was in 2021. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports totaled $X in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The smallest decline of X% was in 2021. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat meat exports from Vietnam, accounting for a X% share of total exports. Moreover, goat meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the UK (X% per year).

From 2015 to 2022, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average goat meat export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price decreased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%).

Goat Meat Imports

Imports into Vietnam

In 2022, overseas purchases of goat meat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, goat meat imports shrank sharply to $X in 2022. In general, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of goat meat to Vietnam, accounting for a X% share of total imports. Moreover, goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%.

In value terms, Australia ($X) constituted the largest supplier of goat meat to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%.

Import Prices by Country

The average goat meat import price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :