Vietnam: A Large Market for Animal Feed and Feed Ingredient Exporters

Imports pass USD 4 billion

According to Vietnam Customs, imports of animal feed and feed ingredients reached nearly USD 4.14 billion in the first 10 months of 2021, up 29% from the same period of 2020.

Main supplying markets (10 months of 2021)

• Argentina: USD 1.45 billion, about 35% of the total.
• United States: USD 692.36 million, about 16.7%.
• Brazil: USD 487.37 million, up 42.2%.
• European Union: USD 337.76 million, up 47.4%.
• Southeast Asia: USD 297.29 million, up 18%.

Corn

Vietnam imported about 8.5 million tonnes of corn worth around USD 2.4 billion in the 10 months, mainly from Argentina, Brazil and India. Volume fell 15% while value rose 21% year on year.

Outlook

• The US Department of Agriculture (USDA) describes Vietnam as the largest corn importer in Southeast Asia and expected it to become the fifth largest in the world in 2021/22.
• USDA also expects Vietnam's demand for imported corn and grain by-products such as DDGS to triple within ten years.
• According to the General Statistics Office, Vietnam spent about USD 6 billion on imported feed ingredients in 2020.
• An official of the Department of Livestock Production said feed accounts for 65–70% of livestock production value. The chairman of the Vietnam Poultry Association said feed prices were unlikely to fall by the end of 2021.

Source: Cong Thuong (Industry and Trade) newspaper, citing Vietnam Customs, USDA and the General Statistics Office.

Vinh Nam Anh Co., Ltd. supplies food-grade ingredients and additives for manufacturers in Vietnam. For specifications, samples and quotations, please contact: Hotline 0916.348319 – Ms. Hồng 0919.122123.