A survey [1] in the North’s largest pig breeding ‘capital’ revealed that the rate of households resuming pig farming is very low, at just over 30%, marking a 70% decrease compared to more than two months ago. Farmers are less likely to restock because of precarious prices up and down, many are concerned about the lack of pork supply at the end of the year.

The European Union’s swine meat exports to Vietnam during the first half of 2023 saw a decline in volume, dropping by 31% compared to the same period in 2022. This decrease was partially offset by a 9% increase in the FOB prices of swine cuts exported to Vietnam.

However, Spain stands out with a significant increase in its FOB price, surpassing the European Union (EU) average. In comparison to the first half of 2022, the price of swine cuts exported by Spain to Vietnam surged by 63%. Consequently, despite experiencing a more substantial decline in volume compared to the rest of the EU, Spain managed to maintain the value of its swine meat exports to Vietnam, with a decrease of less than 2%, whereas the EU saw a value drop of -25%.

Overall, Spain’s market share of EU swine meat exports to Vietnam, based on value, rose from 8% in the first semester of 2022 to 11% in the same period of 2023.

There has been an increase in demand for offal in the first semester of 2023. Spain increased its offal exports to Vietnam by volume by 36%, and the rest of the EU did so by 146%. Overall, EU offal exports to Vietnam increased by quantity in the first half of 2023 by 128%. In terms of value, EU exports increased by 142%, whereas Spain’s exports of offal went up by 74%.

[1] ‘Lazy’ farmers re-herd, are they worried about a shortage of pork at the end of the year? – Vietnam Livestock Magazine (nhachannuoi.vn)