Vietnam: Fresh Pork Carcase Market 2025

Fresh Pork Carcase Market Size in Vietnam

The Vietnamese fresh pork carcase market expanded significantly to $X in 2022, increasing by 5.4% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -4.9% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fresh Pork Carcase Production in Vietnam

In value terms, fresh pork carcase production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -4.9% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 43%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fresh Pork Carcase Exports

Exports from Vietnam

In 2022, overseas shipments of fresh or chilled carcases of pig meat were finally on the rise to reach X tons for the first time since 2012, thus ending a nine-year declining trend. In general, exports, however, saw a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh pork carcase exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 2.5%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fresh pork carcase exports from Vietnam, with a 89% share of total exports. Moreover, fresh pork carcase exports to Hong Kong SAR exceeded the volume sent to the second major destination, Macao SAR (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -9.4%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for fresh or chilled carcases of pig meat exports from Vietnam, comprising 70% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at -11.4%.

Export Prices by Country

The average fresh pork carcase export price stood at $X per ton in 2022, dropping by -1.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 3.7% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Hong Kong SAR totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+14.9%).

Fresh Pork Carcase Imports

Imports into Vietnam

In 2022, approx. X tons of fresh or chilled carcases of pig meat were imported into Vietnam; shrinking by -25.3% against 2021. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 442% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fresh pork carcase imports shrank significantly to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 269%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of fresh pork carcase imports to Vietnam, with a combined 64% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +24.6%), while imports for the other leaders experienced a decline.

In value terms, the largest fresh pork carcase suppliers to Vietnam were Italy ($X), the United States ($X) and the UK ($X), with a combined 68% share of total imports.

Italy, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average fresh pork carcase import price amounted to $X per ton, picking up by 2.2% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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