Vietnam: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Vietnam

The Vietnamese preserved swine meat cut market amounted to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Vietnam

In value terms, preserved swine meat cut production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Preserved swine meat cut production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Vietnam

In 2022, after two years of decline, there was significant decline in overseas shipments of prepared or preserved shoulders and cuts of swine meat, when their volume decreased by X% to X kg. In general, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat cut exports fell significantly to $X in 2022. Over the period under review, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X kg) was the main destination for preserved swine meat cut exports from Vietnam, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan was relatively modest.

In value terms, Azerbaijan ($X) emerged as the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan was relatively modest.

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of prepared or preserved shoulders and cuts of swine meat, when their volume decreased by X% to X tons. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, preserved swine meat cut imports contracted sharply to $X in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of preserved swine meat cut to Vietnam, with a X% share of total imports. Moreover, preserved swine meat cut imports from Denmark exceeded the figures recorded by the second-largest supplier, Russia (X kg), threefold.

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

In value terms, Denmark ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

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

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2022, increasing by X% against 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 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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