The beef meat slaughtering industry in Vietnam exhibited fluctuations between 2013 and 2023. Notable declines occurred in 2014 (-7.2%) and 2020 (-3.76%), interspersed with consistent growth in subsequent years. By 2023, the slaughtering value stood at 1.9301 million heads. Over the last two years, the year-on-year variation has shown modest increases (2.02% in 2022 and 1.94% in 2023). The five-year CAGR (Compound Annual Growth Rate) up to 2023 was 2.37%.
Looking ahead, forecasted data from 2024 to 2028 indicates continuous growth, with a five-year CAGR of 1.49% and an overall five-year growth rate of 7.68%. Future trends to watch for include potential impacts of dietary shifts, regulatory changes, and technological advancements in livestock management.
