Vietnam: Meat Dishes Market 2024

Meat Dishes Market Size in Vietnam

The Vietnamese meat dishes market stood at $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a perceptible decline. Meat dishes consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Meat Dishes Production in Vietnam

In value terms, meat dishes production rose markedly to $X in 2023 estimated in export price. Overall, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Meat dishes production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Meat Dishes Exports

Exports from Vietnam

In 2023, the amount of meat dishes exported from Vietnam rose remarkably to X tons, with an increase of X% against 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, meat dishes exports stood at $X in 2023. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for meat dishes exports from Vietnam, accounting for a X% share of total exports. Moreover, meat dishes exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for meat dishes exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the average meat dishes export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a slight decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Vietnam

After two years of growth, supplies from abroad of meat dishes decreased by X% to X tons in 2023. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then declined in the following year.

In value terms, meat dishes imports fell to $X in 2023. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Saudi Arabia (X tons) constituted the largest supplier of meat dishes to Vietnam, accounting for a X% share of total imports. Moreover, meat dishes imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, the largest meat dishes suppliers to Vietnam were Saudi Arabia ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform