Vietnam: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Vietnam

In 2022, after three years of growth, there was significant decline in the Vietnamese market for fresh or chilled pig meat other than cuts or carcases, when its value decreased by -35.4% to $X. Over the period under review, consumption showed a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Vietnam

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were exported from Vietnam; jumping by 78% compared with the previous year's figure. Overall, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases surged to $X in 2022. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 164% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X kg), Singapore (X kg) and Hong Kong SAR (X kg) were the main destinations of exports of fresh or chilled pig meat other than cuts or carcases from Vietnam, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh pork other than cuts or carcases exported from Vietnam were Panama ($X), Hong Kong SAR ($X) and Singapore ($X), together comprising 59% of total exports. Japan, China, Liberia, the UK and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Liberia, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, 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 export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, with an increase of 4.8% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Vietnam

In 2022, after three years of growth, there was significant decline in purchases abroad of fresh or chilled pig meat other than cuts or carcases, when their volume decreased by -27% to X tons. Over the period under review, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 165%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases declined notably to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest fresh pork other than cuts or carcases supplier to Vietnam, accounting for a 49% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from the United States exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.4% per year) and the Netherlands (-22.7% per year).

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Vietnam, comprising 66% of total imports. The second position in the ranking was held by Canada ($X), with a 7.4% share of total imports. It was followed by Poland, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-31.1% per year) and Poland (-1.4% per year).

Import Prices by Country

The average import price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, shrinking by -7.7% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled pig meat other than cuts or carcases decreased by +0.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton. From 2015 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 the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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