What is the price of beef per kilogram/pound in Vietnam today?
The retail price range for Vietnam beef is between US$ 3.14 and US$ 5.69 per kilogram or between US$ 1.42 and US$ 2.58 per pound(lb). Click here to see today's exact prices of beef in Vietnam
The retail price range in Dong for beef is between VND 78,535.80 and VND 142,193.70 per kilogram or between VND 35,617.14 and VND 64,486.94 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam beef is between US$ 2.20 and US$ 3.98 per kilogram or between US$ 1.00 and US$ 1.81 per pound(lb).
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Vietnam Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from Vietnam has seen a steady decline over the last five years. In 2013, the export price was 6.09 US dollars per kg, which dropped to 4.58 US dollars per kg in 2014. This trend continued in 2015, when the export price was 4.72 US dollars per kg, and further decreased to 4.00 US dollars per kg in 2016. In 2017, the export price dropped to 3.97 US dollars per kg, and then increased to 4.77 US dollars per kg in 2018. The export price then decreased again in 2019 to 3.46 US dollars per kg, before increasing to 4.49 US dollars per kg in 2020. Based on this trend, it is predicted that the export price of Beef from Vietnam will be 3.90 US dollars per kg in 2023 and 4.20 US dollars per kg in 2024.Vietnam Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into Vietnam over the last five years has seen a steady decline. In 2013, the price was 6.09 US dollars per kg, dropping to 4.58 US dollars per kg in 2014. This trend continued in 2015, when the price fell to 4.72 US dollars per kg. 2016 saw the lowest price of the last five years, with the import price per kg dropping to 4.00 US dollars per kg. 2017 and 2018 saw a slight increase in the price, with the import price per kg rising to 3.97 US dollars per kg and 4.77 US dollars per kg respectively. However, 2019 saw a significant drop in the price, with the import price per kg falling to 3.46 US dollars per kg. 2020 saw a slight increase in the price, with the import price per kg rising to 4.49 US dollars per kg. Based on the data, it is predicted that the import price per kilogram of Beef into Vietnam in 2023 will be 4.17 US dollars per kg and in 2024 will be 4.37 US dollars per kg.Export values for Vietnam beef
The total values in export for beef in Vietnam were US$ 4,511, US$ 3,096, US$ 2,702 and US$ 2,400 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Vietnam: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
Vietnam beef - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam sold 693 tonnes of beef. Across 2019 alone, the interest in Vietnam beef (meat category) has gone up, flactuating by 22.438 pc compared to the year 2018. Between 2017 and 2019, beef's exports decreased by -11.15 percent netting the nation US$2.40m for the year 2019. Vietnam's beef exports are classified as:
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen edible bovine livers (HS code 020622)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
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Vietnam beef export values
In 2019, Vietnam sold beef worth 2.40m USD, a contraction of -11.18% from 2018's total beef export of 2.702m USD. The yearly change in value of Vietnam beef between 2017 to 2018 was -12.726 percent.
The annual variation in the amount of Vietnam's beef exports between 2017 and 2019 was -11.15 percent in comparison to a variation of 22.438% in the period between 2018 and 2019.
Vietnam's stake of the world's total beef's exports in 2019 was less than 1%. The country holds number 12 in world exports of beef.
Export markets for Vietnam beef ( in '000$ )
Import/Export Trends
Vietnam is a net exporter of beef. The annual growth of Vietnam beef in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity through the same period was 14%, per annum.
Vietnam procured 77,074 tonnes of beef in 2019.