Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (CIF) - 2022
In 2022, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $10,833 per ton, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($10,833 per ton) and Australia ($10,833 per ton), while the price for the United States ($10,833 per ton) and New Zealand ($10,833 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $8,107 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,574 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -0.6% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam
In 2022, supplies from abroad of fresh or chilled boneless cuts of bovine meat decreased by -4.2% to 2.1K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fresh or chilled boneless cuts of bovine meat reached $23M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.2 | 19.9 | 17.8 | 18.2 | 4.0% |
| United States | 1.8 | 0.4 | 0.5 | 1.6 | -3.9% |
| Japan | 0.6 | 0.5 | 0.8 | 1.2 | 26.0% |
| New Zealand | 1.0 | 0.5 | 0.4 | 1.1 | 3.2% |
| Argentina | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Total | 19.6 | 21.5 | 19.7 | 22.6 | 4.9% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Vietnam in 2022:
- Australia (1680.2 tons)
- United States (144.0 tons)
- Japan (112.2 tons)
- New Zealand (104.0 tons)
- Argentina (32.8 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam
In 2022, approx. 346 kg of fresh or chilled boneless cuts of bovine meat were exported from Vietnam; declining by -51.3% on the year before. Overall, exports continue to indicate a sharp contraction. The smallest decline of -42.6% was in 2021.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted dramatically to $2.8K in 2022. Over the period under review, exports faced a sharp contraction. The smallest decline of -38.7% was in 2021.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 2.8 | 0% |
| Japan | 2.6 | 4.1 | 1.0 | N/A | -38.0% |
| Cambodia | 59.6 | N/A | N/A | N/A | 0% |
| Panama | 3.2 | 4.0 | 1.0 | N/A | -44.1% |
| Brazil | N/A | N/A | 3.9 | N/A | 0% |
| Others | 1.1 | 1.4 | N/A | N/A | 27.3% |
| Total | 66.6 | 9.5 | 5.8 | 2.8 | -65.2% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Vietnam in 2022:
- United Kingdom (346.0 kg)
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