Vietnam's pig production, trade, and market conditions in 2023

At the end of 2023, the pig inventory is estimated at 26.342 million pigs (not including more than 4 million nursing piglets), an increase of 4.2% over the same period in 2022. Since 2019, the pig population has seen an average annual growth rate of 6.94%. It is estimated that the total pork production will reach 4.866 million tons (live slaughter weight) in 2023, an increase of 7.2% over the same period in 2022. Since 2019, pork production has seen an average annual growth rate of 4.3%. Domestically produced pork accounts for 62.1% of the total meat output of livestock in 2023. The average price of feed ingredients in 2023 was less than the average price in 2022. Corn prices decreased the most (-12.5%). However, compared to 2020 (before the impact of the Covid pandemic), feed prices are still 32-46% higher depending on the type. The average price of live pigs for slaughter in 2023 is estimated at 53.8 thousand VND/kg live, 3.2 thousand VND lower than the average in 2022. In 2023, ...