The supply of beef and veal meat in Vietnam has shown a steady increase from 2012 to 2023, growing from 223 thousand metric tons (CWE) to 328 thousand metric tons (CWE). Despite fluctuations such as a slight decline in 2013 and another in 2020, the overall trend has been upward. From 2021 to 2023, the year-on-year growth rates were 5.44%, 2.58%, and 3.15%, respectively. The compound annual growth rate (CAGR) over the past five years stands at 2.73%. Forecasts suggest a CAGR of 1.99% through 2027, with the supply expected to reach 362 thousand metric tons (CWE), representing a 10.37% increase over the five years.
Future trends to watch include potential impacts from global economic conditions, changes in domestic demand, and potential shifts in government policies regarding agricultural support and trade regulations.
