Vietnam's pork imports continue to decline in October 2022

Published 2022년 12월 9일

Tridge summary

In the first 10 months of 2022, Vietnam experienced a slight decrease in meat imports in volume but an increase in value compared to the same period in 2021, totaling 544.97 thousand tons and worth 1.21 billion USD. India emerged as the largest supplier, with a 114.1% increase in volume and 208.9% increase in value compared to October 2021, contributing to 20.4% of Vietnam's total meat imports for the month. Despite the anticipated rise in demand due to the Lunar New Year, Vietnam's domestic meat supply is expected to remain sufficient to meet domestic needs, indicating that meat imports may not significantly increase in the short term. The report also highlights a decline in pork imports, with a 5.6% decrease in volume and a 22.4% decrease in value in October 2022, compared to the same period in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Import-Export Department (Ministry of Industry and Trade) quoted statistics from the General Department of Customs as saying that, in the 10 months of 2022, Vietnam imported 544.97 thousand tons of meat and meat products, worth 1.21 billion USD, down 11.9% in volume, but up 2.1% in value over the same period in 2021. In October 2022, Vietnam imported meat and meat products from 33 markets around the world. In which, India is the largest supplier of meat and meat products to Vietnam, with 13.07 thousand tons, worth $41.81 million, up 114.1 percent in volume and 208.9 percent in volume. % in value compared to October 2021, accounting for 20.4% of the total amount of meat and meat products imported from Vietnam in the month. The average import price of meat and meat products from India to Vietnam was at $3,199/ton, up 44.3% compared to October 2021. In the first 10 months of 2022, Vietnam imported 130.12 thousand tons of meat and meat products from India, worth US$418.63 ...

Source: Vinanet