Vietnam animal feed market in first half of 2025
Wednesday, July 30,2025
AsemconnectVietnam - In the early months of 2025, the price of animal feed (AF) continued its downward trend from 2024, despite global economic uncertainties. Lower input material costs contributed to the decrease in finished feed prices.
- Piglet feed (21% protein): VND380,000 – 450,000 per 25kg bag
- Finishing pig feed (18% protein): VND330,000 – 400,000 per 25kg bag
- Sow feed: VND360,000 – 420,000 per 25kg bag
- Chick starter feed: VND350,000 – 430,000 per bag
- Broiler feed: VND310,000 – 380,000 per bag
- Layer hen feed: VND340,000 – 410,000 per bag
- Duck feed (duckling, layer, broiler): VND320,000 – 420,000 per bag depending on formula and brand
- Aquafeed (pangasius, tilapia, snakehead): VND320,000 – 450,000 per 25kg bag
Prices of rice bran and cornmeal fluctuated depending on the product type.
2. Supply – Imports
According to preliminary statistics from the General Department of Vietnam Customs:
According to preliminary statistics from the General Department of Vietnam Customs:
- In June 2025, Vietnam imported AF and raw materials worth nearly USD334.5 million, down 21.4% from May 2025 and 21% from June 2024.
- Total imports for H1/2025 reached nearly USD2.33 billion, down 9.2% year-on-year.
Top Import Sources in H1/2025:
- Argentina: USD937.05 million (↑30.6% YoY), accounting for 40.3% of total imports. June: USD101.85 million (↓33.7% MoM, ↓40.9% YoY).
- USA: USD394.64 million (↓32.3% YoY), 17% share. June: USD71.87 million (↓25.7% MoM, ↓15.2% YoY).
- Brazil: USD301.43 million (↓18.9% YoY), 13% share. June: USD25.92 million (↓41.4% MoM, ↓55.3% YoY).
Key Commodities:
- Corn:
H1/2025 imports: 4.45 million tonnes, worth over USD1.15 billion, avg. price USD259.3/tonne
↓8.3% in volume, ↓5.1% in value, ↑3.5% in price YoY- Argentina: 2.36 million tonnes (↓7.1% vol, ↓0.9% val, ↑6.7% price)
- Brazil: 1 million tonnes (↓32.8% vol, ↓34.7% val, ↓2.9% price)
- Soybean:
H1/2025 imports: 1.22 million tonnes, worth USD557.25 million, avg. price USD456.3/tonne
↑14.7% in volume, ↓0.8% in value, ↓13.5% in price YoY- Brazil: 571,213 tonnes (↓3.5% vol, ↓12.5% val, ↓9.4% price)
- USA: 503,907 tonnes (↑33.6% vol, ↑10.2% val, ↓17.5% price)
- Canada: 113,986 tonnes (↑98.9% vol, ↑52.4% val, ↓23.4% price)
- Wheat:
H1/2025 imports: 3.06 million tonnes, worth USD817.27 million, avg. price USD266.8/tonne
↓1.9% in volume, ↓5.2% in value, ↓3.4% in price YoY- Brazil: 989,002 tonnes (↓14% vol, ↓11.5% val, ↑3% price)
- Australia: 749,978 tonnes (↑15.9% vol, ↑1.2% val, ↓12.8% price)
- USA: 380,519 tonnes (↑68.3% vol, ↑40.8% val, ↓16.3% price)
3. Exports
According to preliminary statistics from the General Department of Vietnam Customs:
According to preliminary statistics from the General Department of Vietnam Customs:
- June 2025: exports of AF and raw materials reached nearly USD106 million (↓2.7% MoM, ↑22.4% YoY)
- H1/2025: total exports reached USD602.99 million, ↑22.3% YoY
Top Export Markets in H1/2025:
- China: USD259.49 million (↑29.4% YoY), 43% share. June: USD35.07 million (↓26.3% MoM, ↓4.1% YoY)
- Cambodia: USD78.8 million (↑41.9% YoY), 13.1% share. June: USD16.45 million (↑15.9% MoM, ↑108.6% YoY)
- USA: USD54.29 million (↓14.7% YoY), 9% share. June: USD14.39 million (↑67.7% MoM, ↑17.1% YoY)
- Malaysia: USD52.58 million (↑6.2% YoY), 8.7% share. June: USD9.77 million (↑1.7% MoM, ↑9.3% YoY)
In general, most export markets saw year-on-year growth in H1/2025.
Table of animal feed and raw material exports in the first 6 months of 2025 (Calculated from data published on July 10, 2025 by Vietnam Customs) Unit: USD
Markets
|
June 2025
|
Month on month (%)
|
Year on year
(%)
|
First 6 months of 2025
|
Year on year
(%)
|
Market share (%)
|
Total Exports
|
105.996.663
|
-2.66
|
22.4
|
602,988,475
|
22.34
|
100
|
FTA RCEP-15 Markets
|
77,568,363
|
-8.49
|
18.72
|
472,562,195
|
26.62
|
78.37
|
China
|
35,073,571
|
-26.3
|
-4.14
|
259,491,893
|
29.43
|
43.03
|
SOUTHEAST ASIA
|
37,843,969
|
9.59
|
55.29
|
191,261,833
|
29.97
|
31.72
|
Cambodia
|
16,445,731
|
15.92
|
108.58
|
78,801,324
|
41.88
|
13.07
|
FTA CPTPP-11 Markets
|
12,014,994
|
7.08
|
7.55
|
64,492,400
|
1.15
|
10.7
|
US
|
14,386,561
|
67,66
|
17.14
|
54,286,620
|
-14.67
|
9
|
Malaysia
|
9,771,595
|
1.67
|
9.28
|
52,583,496
|
6.21
|
8.72
|
India
|
3,951,422
|
-17.68
|
174.26
|
22,103,503
|
114.42
|
3.67
|
Laos
|
3,821,346
|
11.27
|
71.17
|
20,974,381
|
70.89
|
3.48
|
Thailand
|
3,661,249
|
6.02
|
95.99
|
17,332,834
|
36.36
|
2.87
|
Taiwan (China)
|
2,952,787
|
22.73
|
7.67
|
13,151,089
|
-23.53
|
2.18
|
Philippines
|
2,487,652
|
-5.57
|
11.25
|
12,429,433
|
-12.72
|
2.06
|
Japan
|
2,131,122
|
42.24
|
0.31
|
11,276,554
|
-17.63
|
1.87
|
Korea
|
2,519,701
|
120.72
|
11.63
|
10,531,915
|
-11.38
|
1.75
|
Indonesia
|
1,544,119
|
40.2
|
40.21
|
8,508,015
|
266.23
|
1.41
|
Bangladesh
|
248,386
|
-70.85
|
-48.66
|
2,920,472
|
-11.12
|
0.48
|
Singapore
|
112,277
|
0.39
|
6.96
|
632,350
|
13.14
|
0.1
|
Source: Vietnam Customs
T.Huong
Source:Vitic
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