7.7 billion USD for importing animal feed ingredients

It is estimated that in 2024, Vietnam will import nearly 22.4 million tons of animal feed ingredients, worth 7.7 billion USD.

According to estimates from the General Statistics Office and a report compiled by the Ministry of Agriculture and Rural Development , by the end of December 2024, the output of all kinds of fresh meat is estimated to reach 8.26 million tons, an increase of 5.4% compared to 2023; of which, fresh pork is 5.16 million tons, an increase of 6.6%; fresh poultry is 2.43 million tons, an increase of 5.4%. Fresh milk output is 1.23 million tons, an increase of 6.0%; eggs are 20.2 billion, an increase of 5.0%.

In 2024, Vietnam will spend 7.7 billion USD importing animal feed ingredients. (Photo: Illustration)

Industrial animal feed output in 2024 is estimated at 21.5 million tons (up 3.4% compared to 2023), of which pig feed accounts for 55.3% (11.9 million tons), poultry feed accounts for 40.9% (8.8 million tons), and the remaining 3.7% is feed for other animals.

Total export turnover reached 533.6 million USD, up 6.5% over the same period in 2023 (of which 122.9 million USD was milk and dairy products, 172.1 million USD was meat, meat by-products and edible by-products after animal slaughter). In 2024, Vietnam exported about 1.7 thousand live pigs (equivalent to 662 thousand USD), down 78%; 1.2 thousand live cows, down 18% over the same period in 2023. In addition, Vietnam exported 1.05 billion USD of animal feed and raw materials (inputs for livestock production), down 12.1% over 2023.

In contrast, the total import turnover of the livestock sector was 3.741 billion USD, up 7.7% over the same period in 2023; of which, nearly 1.14 billion USD was milk and dairy products, 1.718 billion USD was meat, meat by-products and edible by-products after animal slaughter. Vietnam imported 185.4 thousand buffaloes and cows (up 45% over the same period in 2023), of which 96% were beef buffaloes and cows.

It is estimated that in 2024, our country will import nearly 22.4 million tons of animal feed ingredients, worth equivalent to 7.7 billion USD.

Source: https://congthuong.vn/77-ty-usd-cho-nhap-khau-nguyen-lieu-thuc-an-chan-nuoi-367998.html