Vietnam: Market for Meat of Camels and Other Animals 2024

Market Size for Meat of Camels and Other Animals in Vietnam

In 2022, after two years of growth, there was significant decline in the Vietnamese market for meat of camels and other animals, when its value decreased by -9.3% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Meat of Camels and Other Animals in Vietnam

In value terms, camel and other animal meat production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Meat of Camels and Other Animals

Exports from Vietnam

In 2022, the amount of meat of camels and other animals exported from Vietnam skyrocketed to X tons, surging by 77% compared with 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 142%. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, camel and other animal meat exports surged to $X in 2022. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), France (X tons) and Belgium (X tons) were the main destinations of camel and other animal meat exports from Vietnam, together accounting for 65% of total exports. Canada, South Korea, Spain, Japan, the UK, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +62.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for camel and other animal meat exported from Vietnam were the United States ($X), France ($X) and Belgium ($X), with a combined 68% share of total exports. Canada, South Korea, the UK, Spain, Japan, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 26%.

South Korea, with a CAGR of +59.4%, saw the highest rates of growth with regard to 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

The average export price for meat of camels and other animals stood at $X per ton in 2022, jumping by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($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 the UK (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat of Camels and Other Animals

Imports into Vietnam

In 2022, overseas purchases of meat of camels and other animals increased by 1,010% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, recorded a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, camel and other animal meat imports surged to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Tanzania (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of camel and other animal meat imports to Vietnam, together comprising 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +1,230.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of meat of camels and other animals to Vietnam, comprising 55% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 23% share of total imports. It was followed by Singapore, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+0.7% per year) and Singapore (+543.3% per year).

Import Prices by Country

The average import price for meat of camels and other animals stood at $X per ton in 2022, picking up by 28% against the previous year. In general, the import price posted a pronounced expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 100%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 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 Netherlands ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+644.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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