Vietnam's meat and meat products imports exceeded US$750 million in the first half of this year

Published Aug 19, 2021

Tridge summary

Vietnam has seen a significant increase in meat and meat product imports in the first half of the year, with a 23.9% year-on-year increase in volume and a 53.7% increase in value, reaching a total of 379,964 tons and US$750.7 million respectively. The average import price per ton was 1977 US dollars, a 24% increase from the previous year. India was the largest supplier of meat and meat products to Vietnam, followed by Russia, which was the largest supplier of pork. Vietnam's domestic pork production has surpassed 2 million tons, with an expected production of about 884,000 tons in the third quarter, due to a supply-demand gap, the country is likely to continue importing pork. Rabobank predicts that the strong import momentum could continue in the second half of the year, but the price of imported pork may fall due to weak Chinese demand and increased global competition.

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

Original content

Vietnam’s "Business Daily" reported on August 13 that according to the statistics of the General Administration of Customs of Vietnam, Vietnam imported 379,964 tons of meat and meat products in the first half of this year, with an import value of US$750.7 million, a year-on-year increase of 23.9% and an increase of 53.7. %. The average import price reached 1977 US dollars/ton, an increase of 24% year-on-year. Among them, India is Vietnam’s largest meat and meat product supply market. In the first half of this year, it exported 65,920 tons to Vietnam, with an export value of US$21305 million. A year-on-year increase of 69.5%, and a year-on-year increase of 79% in export value. Only pork, Vietnam imported 80.85 million tons of chilled or frozen pork in the first half of this year, with an import value of US$187.1 million, a year-on-year increase of 154.8% and a year-on-year increase of 144.9%. Among them, Russia is Vietnam’s largest pork import market. It exported 33,860 tons of ...

Source: China Farming