Price for Meat of Bovine Animals; Fresh or Chilled in China - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in China (CIF) - 2023
- Imports of Meat of Bovine Animals; Fresh or Chilled in China
Price for Meat of Bovine Animals; Fresh or Chilled in China (CIF) - 2023
In December 2023, the average import price for meat of bovine animals; fresh or chilled amounted to $10,248 per ton, almost unchanged from the previous month. Overall, the import price, however, saw a mild decline. The pace of growth was the most pronounced in August 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices attained the peak figure at $13,072 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($15,773 per ton), while the price for Argentina ($5,573 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced a decline.
Imports of Meat of Bovine Animals; Fresh or Chilled in China
After three years of growth, supplies from abroad of meat of bovine animals; fresh or chilled decreased by -2.7% to 52K tons in 2022. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year.
In value terms, imports of meat of bovine animals; fresh or chilled rose remarkably to $674M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Meat of Bovine Animals; Fresh or Chilled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 223 | 289 | 290 | 319 | 12.7% |
| United States | 12.6 | 44.3 | 196 | 252 | 171.4% |
| New Zealand | 59.1 | 57.7 | 73.0 | 80.0 | 10.6% |
| Argentina | 0.4 | 7.8 | 22.0 | 18.2 | 257.0% |
| Uruguay | 0.5 | 7.7 | 13.7 | 1.1 | 30.1% |
| Others | 1.0 | 1.3 | 3.7 | 4.0 | 58.7% |
| Total | 297 | 408 | 598 | 674 | 31.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to China in 2022:
- Australia (23.2K tons)
- United States (16.4K tons)
- New Zealand (9.7K tons)
- Argentina (2.3K tons)
- Uruguay (0.1K tons)
1606
This report provides an in-depth analysis of the beef market in China.
907
This report provides an in-depth analysis of the meat and poultry market in China.
1613
This report provides an in-depth analysis of the meat market in China.
749
This report provides an in-depth analysis of the beef market in China.
499
This report provides an in-depth analysis of the fresh beef carcase market in China.
282
This report provides an in-depth analysis of the fresh beef cut market in China.
4194
This report provides an in-depth analysis of the global beef market.
2147
This report provides an in-depth analysis of the global meat and poultry market.
2729
This report provides an in-depth analysis of the global meat market.
954
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
453
Learn how to successfully enter the Chinese beef market with this comprehensive guide, including market entry strategies, official data sources, and trade show recommendations.
302
In value terms, beef imports expanded sharply to $1.1B in March 2023.
291
Meat And Poultry imports reached a value of $2.3B in June 2023.
494
Meat imports reached a value of $1.8 billion in June 2023.
714
China's meat imports soared from $14.7B in 2019 to $23.8B in 2020. In physical terms, the purchases skyrocketed from 4.1M tons to 6.8M tons. China’s meat imports continue to grow, increasing by +3% over the first seven months of 2021 against the same period of the previous year. Brazil, Spain and the U.S. became the leading meat suppliers to China and recorded the highest export growth rate among other countries. Pork, beef and sheep meat are the main types of meat supplied into China. Last year, China's purchases of pork spiked twofold. Imports of beef increased by +26% y-o-y, while lamb and sheep meat supplies fell by -7% y-o-y.
453
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
687
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1769
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1300
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3852
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
