In 2023, Vietnam imported 108.0 thousand metric tons (Carcass Weight Equivalent) of swine meat. The forecasted data shows a steady increase in imports with values at 111.0 thousand metric tons in 2024, 114.0 in 2025, 118.0 in 2026, 122.0 in 2027, and 125.0 in 2028.
Year-on-year variations are as follows:
- 2024 over 2023: +2.8%
- 2025 over 2024: +2.7%
- 2026 over 2025: +3.5%
- 2027 over 2026: +3.4%
- 2028 over 2027: +2.5%
The Compound Annual Growth Rate (CAGR) for swine meat imports over the five-year period from 2023 to 2028 is approximately 3.03%, indicating a moderate increase in demand.
Future trends to watch for include changes in domestic pork production, potential government policies affecting import tariffs, and evolving consumer preferences towards different protein sources, which could impact the demand dynamics for swine meat imports in Vietnam.
