weekly updates from vietnam and south east asia
Vietnam's total export value of livestock products in September 2023 reached 14.8 million USD, a decrease of 25.3% over the previous month and an increase of 52.8% over the same period in 2022.
In September 2023, meat of swine, fresh, chilled or frozen; other prepared or preserved meat, meat offal or blood; and meat and edible meat offal, salted, in brine, dried or smoked - edible flours and meals of meat or meat offal were Vietnam's main export livestock products with value of 5.06 million USD, 3.56 million USD, and 2.09 million USD, respectively. Besides, there was no recorded export of live bovine animals (HS 0102) in September from Vietnam.
Hong Kong and ASEAN are Vietnam's largest export markets, with export values of 51.8 million USD and 29.2 million USD respectively in the first 9 months of 2023. Exports to Australia during the same period only reached 94 thousand USD, which accounted for only 0.07% of Vietnam's total livestock exports, an increase of 9% compared to the first 9 months of 2022.
Meat of swine, fresh, chilled or frozen is one of the main export products in September 2023. Of which, Hong Kong is the main export market, accounting for 98% of total export value.
Vietnam imported livestock products worth $168.5 million in September 2023, a 0.2% increase from the previous month but a 4.4% decrease from the same period in 2022.
In September 2023, meat of bovine animals, frozen and meat of swine, fresh, chilled or frozen are the two most imported livestock products with values of 63.7 million USD and 33.5 million USD, respectively. However, imports of meat of bovine animals (fresh or chilled) almost halved compared to the previous month. Live bovine animals export was valued at 13 million, also showing a significant decrease in the value by 52% compared to the previous month.
In the first 9 months of 2023, India and Australia were the two largest livestock product supply markets for Vietnam, with import values of 352 million USD and 214 million USD, respectively. Compared to the first 9 months of 2022, imports from India decreased by 7% and imports from Australia increased by 23%.
Live bovine animals and fresh, chilled, or frozen meat (bovine meat and pork) were the main imported items in September. Almost 100% of the live cattle were sourced from Australia in September. As for meat, 76.4% of fresh or chilled meat of bovine animals originated from Australia. India was the main import source for frozen meat of bovine animals, accounting for 76.2%.
In September 2023, Vietnam's imports of livestock products from Australia reached 25 million USD. Of which, live bovine animals and meat of bovine animals, frozen were the most imported products, with import values of 13 million USD and 7.3 million USD, respectively.
Vietnam's import value of beef and cattle from Australia in September 2023 was 23.2 million USD, a decrease of 40.3% from the previous month, but an increase of 11% compared to the same period in 2022.
From January to September 2023, the most imported product was live bovine animals (not for breeding), with an import value of 129 million USD. This figure represents a 61% increase over the same period last year. However, the import value of other products such as meat of bovine animals, fresh or chilled, and edible offal of bovine animals, fresh or chilled, decreased.
During week 43, the price of beef thighs experienced a significant drop to 196,000 VND per kilogram. This marks a 4.6% decrease compared to the previous week and is also the lowest price observed so far in 2023. The price of beef fillet observed a minor decrease of 0.6% compared to the previous week, reported at 226,000 VND per kilogram in Week 43.
In week 43, the average price of live-weight cattle was 85,000 VND/kg, down 1.2% compared to week 42.
In terms of the current number of cattle handled in the facilities (feedlot or abattoir), the smallest feedlot had 100 heads of cattle whereas the biggest had 8000 animals in their feedlot. Similarly, the smallest abattoir slaughtered 7 animals (week 40) and 5 animals in a day (week 42) whereas the biggest slaughtered 30 animals in a day.
Live cattle selling prices were stable from weeks 40 to 42 except for BBB cattle breeds in South and Central Highlands. In the South, BBB cattle breed price went up by 2,000 VND/kg, and in the Central Highlands, it went down by 5,000 VND/kg.
In week 44, the price of Vietnamese beef at supermarkets remained unchanged compared to the previous week, the highest price of beef fillet at Co.op Mart was 380,000 VND/kg, and the lowest price at Winmart was 358,000 VND/kg.
Prices of Australian beef in Week 44 remained unchanged compared to the previous week except short plate Kiaora beef which increased to 385,000 VND per kg.