Price for Meat of Bovine Animals; Fresh or Chilled in Vietnam - 2022
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Vietnam (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Vietnam (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Vietnam
- Exports of Meat of Bovine Animals; Fresh or Chilled in Vietnam
Price for Meat of Bovine Animals; Fresh or Chilled in Vietnam (CIF) - 2022
In December 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $10,393 per ton, picking up by 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in January 2022 an increase of 22% against the previous month. As a result, import price reached the peak level of $10,683 per ton. From February 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Japan ($10,833 per ton) and New Zealand ($10,833 per ton), while the price for the United States ($10,018 per ton) and Australia ($10,340 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Vietnam (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $8,104 per ton in 2022, surging by 30% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $8,331 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,867 per ton), while the average price for exports to Panama ($7,474 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 (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Bovine Animals; Fresh or Chilled in Vietnam
Imports of meat of bovine animals; fresh or chilled into Vietnam stood at 2.4K tons in 2022, surging by 3.6% on the previous year's figure. In general, imports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 6.4% against the previous year. As a result, imports attained the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of meat of bovine animals; fresh or chilled soared to $25M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 17.6 | 20.7 | 18.5 | 20.1 | 4.5% |
| United States | 1.8 | 0.5 | 0.6 | 1.7 | -1.9% |
| Japan | 0.6 | 0.5 | 0.8 | 1.2 | 26.0% |
| New Zealand | 1.0 | 0.5 | 0.5 | 1.1 | 3.2% |
| Others | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Total | 21.1 | 22.3 | 20.5 | 24.6 | 5.2% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Vietnam in 2022:
- Australia (1976.2 tons)
- United States (164.8 tons)
- Japan (112.2 tons)
- New Zealand (104.0 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Vietnam
In 2022, overseas shipments of meat of bovine animals; fresh or chilled were finally on the rise to reach 346 kg after two years of decline. Overall, exports, however, recorded a dramatic shrinkage.
In value terms, exports of meat of bovine animals; fresh or chilled skyrocketed to $2.8K in 2022. In general, exports, however, saw a precipitous shrinkage.
| Export of Meat of Bovine Animals; Fresh or Chilled in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 3.2 | 5.1 | 0.2 | 1.0 | -32.1% |
| United Kingdom | N/A | N/A | N/A | 0.9 | 0% |
| Japan | 2.6 | 4.1 | 0.2 | 0.8 | -32.5% |
| Hong Kong SAR | N/A | 1.4 | N/A | N/A | 0% |
| Cambodia | 59.6 | N/A | N/A | N/A | 0% |
| Others | 1.1 | N/A | 0.8 | N/A | -14.7% |
| Total | 66.6 | 10.5 | 1.2 | 2.8 | -65.2% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Vietnam in 2022:
- Panama (137.0 kg)
- United Kingdom (105.0 kg)
- Japan (104.0 kg)
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