Vietnam: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Vietnam

The Vietnamese preserved swine meat cut market reduced sharply to $X in 2021, dropping by -20.6% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.2% against 2019 indices. Preserved swine meat cut consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Vietnam

In value terms, preserved swine meat cut production dropped markedly to $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 71% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Vietnam

In 2021, approx. X kg of prepared or preserved shoulders and cuts of swine meat were exported from Vietnam; remaining relatively unchanged against the previous year. Overall, exports faced a sharp shrinkage. The growth pace was the most rapid in 2019 when exports increased by 69% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved swine meat cut exports amounted to $X in 2021. In general, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2019 when exports increased by 56%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Luxembourg (X kg) was the main destination for preserved swine meat cut exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Luxembourg was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Luxembourg was relatively modest.

Export Prices by Country

In 2021, the average preserved swine meat cut export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price saw a notable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Luxembourg.

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to -7.8% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Vietnam

In 2021, preserved swine meat cut imports into Vietnam amounted to X tons, almost unchanged from the previous year's figure. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2020 when imports increased by 102% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, preserved swine meat cut imports declined modestly to $X in 2021. In general, imports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2019 with an increase of 138% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Denmark (X tons) constituted the largest preserved swine meat cut supplier to Vietnam, accounting for a 53% share of total imports. It was followed by Thailand (X kg), with a 1.3% share of total imports. The third position in this ranking was held by France (X kg), with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-29.4% per year) and France (-28.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Vietnam, comprising 48% of total imports. The second position in the ranking was taken by Thailand ($X), with a 2.1% share of total imports. It was followed by South Korea, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-20.0% per year) and South Korea (-19.0% per year).

Import Prices by Country

In 2021, the average preserved swine meat cut import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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