Vietnam: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Vietnam

The Vietnamese preserved swine belly market was estimated at $X in 2020, therefore, remained relatively stable against the previous year. In general, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Preserved swine belly consumption peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Swine Belly Production in Vietnam

In value terms, preserved swine belly production totaled $X in 2020 estimated in export prices. Over the period under review, the total production indicated a buoyant expansion from 2007 to 2020: its value 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. Based on 2020 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 when the production volume increased by X% year-to-year. Preserved swine belly production peaked in 2020 and is likely to continue growth in years to come.

Preserved Swine Belly Exports

Exports from Vietnam

In 2020, shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by X% to X kg for the first time since 2017, thus ending a two-year declining trend. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at X kg in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports amounted to $X in 2020. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Japan (X kg), India (X kg) and the UK (X kg) were the main destinations of preserved swine belly exports from Vietnam.

From 2007 to 2017, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved swine belly exported from Vietnam were Japan ($X), India ($X) and the UK ($X saw the highest rates of growth with regard to the value of exports, in terms of 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

The average preserved swine belly export price stood at $X per ton in 2017, increasing by X% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The export price peaked at $X per ton in 2015; however, from 2016 to 2017, export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2017, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Vietnam

Preserved swine belly imports into Vietnam was estimated at X kg in 2020, growing by X% on the previous year's figure. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, preserved swine belly imports stood at $X in 2020. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X kg) was the main preserved swine belly supplier to Vietnam, accounting for a X% share of total imports. Moreover, preserved swine belly imports from the U.S. exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

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

In value terms, the U.S. ($X) constituted the largest supplier of preserved swine belly to Vietnam, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

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

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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