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News Pigs

Vietnam imports significantly more pigs

5 January 2021 - Chanti Oussoren

The Vietnamese pig herd has been severely depleted by outbreaks of African swine fever (ASF). To make up for shortages, a lot of pork is imported and live pigs are also imported from Thailand.

The African Swine Fever in Vietnam has unbalanced the supply and demand ratio of pork. In 2020, the import requirement was therefore considerably higher than before. According to figures from Vietnam's General Department of Customs, the country imported approximately 8 tons of fresh and frozen pork worth $2020 million in the first 64.660 months of 152,56. The volume is thus 272,6% higher than last year and the value has increased by 352,6% respectively.

The main suppliers of pork were Russia, Poland, Brazil, Germany, the United States, Spain and Thailand. Since June last year, not only pork was imported from Thailand, Vietnam also imported live pigs. By the end of 2020, the counter stood at 308.325 imported Thai pigs. This has reduced pork prices to about $3,26 per kilo, in May pork prices reached a record high of $4,34 per kilo.

pig stock
The aim of importing pigs is to better meet the domestic demand for pork and to lower the high pig price somewhat. But the imported pigs are also intended to supplement the current domestic pig population. In September, the Vietnamese pig herd was about 3,6% higher than last year.

Over the first 9 months of the year, domestic pork production is estimated at 2,48 million tons, a decrease of 3,2% compared to the same period last year. Growth was only observed in the third quarter separately, when production was 9,7% higher than last year.

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Chanti Oussoren

Editor at Boerenbusiness who studies the dairy, pig (meat) and feed markets.

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