Pig manufacturing, business, and marketplace prerequisites in Vietnam in 2023 – Swine information


Pig herd enlargement in 2023


On the finish of 2023, the pig stock is estimated at 26.342 million pigs (no longer together with greater than 4 million nursing piglets), an build up of four.2% over the similar duration in 2022. Since 2019, the pig inhabitants has observed a mean annual enlargement charge of 6.94%.


It’s estimated that the full red meat manufacturing will achieve 4.866 million lots (reside slaughter weight) in 2023, an build up of seven.2% over the similar duration in 2022. Since 2019, red meat manufacturing has observed a mean annual enlargement charge of four.3%.


Locally produced red meat accounts for 62.1% of the full meat output of farm animals in 2023.


Uncooked fabrics costs


The typical worth of feed substances in 2023 used to be lower than the typical worth in 2022. Corn costs lowered probably the most (-12.5%). On the other hand, in comparison to 2020 (prior to the have an effect on of the Covid pandemic), feed costs are nonetheless 32-46% upper relying at the sort.


Pig costs in 2023


The typical worth of reside pigs for slaughter in 2023 is estimated at 53.8 thousand VND/kg reside, 3.2 thousand VND not up to the typical in 2022.


Pig price in Vietnam. Source: 333.
Pig worth in Vietnam. Supply: 333.




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Imports and exports


In 2023, Vietnam imported an estimated 116 thousand lots of red meat, accounting for three% of overall home red meat intake and an build up of about 1.8% in comparison to 2022. As well as, Vietnam imported about 122.45 thousand lots of red meat byproducts, an build up of 76.7% in comparison to 2022.




Within the first 11 months of 2023, Vietnam exported 999 feminine pigs and 68 male pigs, 5,700 piglets, and 700 slaughter pigs.


Forecast for red meat manufacturing in 2024


Consistent with estimates by way of the Division of Cattle, red meat manufacturing in Vietnam in 2024 is estimated to succeed in 4.9 million lots, an build up of four% in comparison to 2023.

January 7, 2024/ Ministry of Agriculture and Rural Building – Division of Cattle Manufacturing/ Vietnam.
http://cucchannuoi.gov.vn/

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