Vietnam: Fresh Whole Chicken Market 2024

Fresh Whole Chicken Market Size in Vietnam

In 2021, the Vietnamese fresh whole chicken market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fresh Whole Chicken Production in Vietnam

In value terms, fresh whole chicken production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Fresh Whole Chicken Exports

Exports from Vietnam

Fresh whole chicken exports from Vietnam contracted to X tons in 2021, therefore, remained relatively stable against 2020. Over the period under review, exports faced a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 214%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fresh whole chicken exports totaled $X in 2021. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 228%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Panama (X kg), the Philippines (X kg) and Liberia (X kg) were the main destinations of fresh whole chicken exports from Vietnam, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +11.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for fresh whole chicken exported from Vietnam were Panama ($X), the Philippines ($X) and Liberia ($X), together accounting for 91% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average fresh whole chicken export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 12%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to the Philippines ($X per ton) and Panama ($X per ton), while the average price for exports to Liberia ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+23.6%), while the prices for the other major destinations experienced a decline.

Fresh Whole Chicken Imports

Imports into Vietnam

After eight years of decline, overseas purchases of fresh or chilled whole chickens increased by 27% to X tons in 2021. Overall, imports, however, saw a dramatic shrinkage. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh whole chicken imports reached $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest fresh whole chicken supplier to Vietnam, with a 76% share of total imports. Moreover, fresh whole chicken imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.6% per year) and the UK (-4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled whole chickens to Vietnam, comprising 76% of total imports. The second position in the ranking was held by Pakistan ($X), with a 6.5% share of total imports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+2.5% per year) and the Netherlands (-5.9% per year).

Import Prices by Country

The average fresh whole chicken import price stood at $X per ton in 2021, with a decrease of -21.2% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh whole chicken import price increased by +29.9% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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