January 15, 2023

 

Vietnam's pig inventory expanded by 4.2% by end 2023

 

 

 

Vietnam's pig inventory was estimated at 26.342 million pigs (not including more than four million nursing piglets) at the end of 2023, an increase of 4.2% over the same period in 2022.

 

Since 2019, the country's pig population has seen an average annual growth rate of 6.94%. It is estimated that total pork production in Vietnam will reach 4.866 million tonnes (live slaughter weight) last year, 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 live pigs for slaughter last year was estimated at ₫53.8 thousand/kg live, ₫3.2 thousand lower than the average in 2022.

 

In 2023, Vietnam imported an estimated 116 thousand tonnes of pork, accounting for 3% of total domestic pork consumption and an increase of about 1.8% compared to 2022.

 

In addition, the country imported about 122.45 thousand tonnes of pork byproducts, an increase of 76.7% compared to 2022.

 

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

 

According to estimates by the Department of Livestock, pork production in Vietnam this year is estimated to reach 4.9 million tonnes, an increase of 4% compared to 2023.

 

As for feed ingredients, the average price 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 COVID, feed prices are still 32-46% higher depending on the type.

 

- Ministry of Agriculture and Rural Development - Department of Livestock Production (Vietnam)

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