Vietnam: Meat And Poultry Market 2025

Meat And Poultry Market Size in Vietnam

The Vietnamese meat and poultry market dropped to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a slight setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in Vietnam

In value terms, meat and poultry production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average meat and poultry yield in Vietnam rose to X kg per head, with an increase of X% on the year before. Over the period under review, the yield, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2016 to 2022, the growth of the average meat and poultry yield remained at a lower figure.

In 2022, number of animals slaughtered for meat and poultry production in Vietnam dropped to X heads, waning by X% compared with 2021 figures. In general, the number of producing animals, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the number of producing animals reached the peak level of X heads, and then dropped in the following year.

Meat And Poultry Exports

Exports from Vietnam

In 2022, the amount of meat and poultry exported from Vietnam fell slightly to X tons, therefore, remained relatively stable against the previous year's figure. Overall, exports, however, saw moderate growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports surged to $X in 2022. Over the period under review, total exports indicated tangible 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and Malaysia (X tons) were the main destinations of meat and poultry exports from Vietnam, with a combined X% share of total exports. Japan, Taiwan (Chinese), Macao SAR, Pakistan, the United States, South Korea, France, Belgium and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) were the largest markets for meat and poultry exported from Vietnam worldwide, together comprising X% of total exports. France, Belgium, Macao SAR, Malaysia, South Korea, Japan, Singapore, Taiwan (Chinese) and Pakistan lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to Pakistan ($X 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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Vietnam

After three years of decline, purchases abroad of meat and poultry increased by X% to X tons in 2022. In general, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports fell to $X in 2022. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), India (X tons) and Brazil (X tons) were the main suppliers of meat and poultry imports to Vietnam, together comprising X% of total imports. Russia, South Korea, Poland, Iran, Germany, Australia, Canada and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat and poultry suppliers to Vietnam were India ($X), the United States ($X) and Russia ($X), together comprising X% of total imports.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Australia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :