U.S. - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price per Ton June 2022
U.S. Beef Export Price per Ton June 2022
In June 2022, the beef price per ton stood at $9,099 (FOB, US) in June 2022, approximately reflecting the previous month. In general, the export price continues to indicate a mild shrinkage. The export price peaked at $9,765 per ton in January 2022; however, from February 2022 to June 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2022, the country with the highest price was Hong Kong SAR ($13,402 per ton), while the average price for exports to Japan ($7,154 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.6%), while the prices for the other major destinations experienced a decline.
U.S. Beef Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($12,268 per ton), while the average price for exports of meat; of bovine animals, carcasses and half-carcasses, fresh or chilled ($5,282 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: meat; of bovine animals, carcasses and half-carcasses, frozen (+10.8%), while the prices for the other products experienced mixed trend patterns.
U.S. Beef Exports
In June 2022, overseas shipments of beef (cattle meat) decreased by -2.2% to 102K tons for the first time since February 2022, thus ending a three-month rising trend. The total export volume increased at an average monthly rate of +1.6% over the period from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 20% against the previous month. Over the period under review, the exports hit record highs at 104K tons in May 2022, and then fell modestly in the following month.
In value terms, beef exports declined modestly to $926M (IndexBox estimates) in June 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when exports increased by 19% month-to-month. Over the period under review, the exports reached the peak figure at $948M in May 2022, and then shrank modestly in the following month.
U.S. Beef Exports by Type
Meat; of bovine animals, boneless cuts, frozen (54K tons), meat; of bovine animals, boneless cuts, fresh or chilled (32K tons) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (13K tons) were the main products of beef exports from the United States, together accounting for 97% of total exports. Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled, meat; of bovine animals, carcasses and half-carcasses, frozen and meat; of bovine animals, carcasses and half-carcasses, fresh or chilled lagged somewhat behind, together accounting for a further 2.5%.
From January 2022 to June 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by meat; of bovine animals, carcasses and half-carcasses, frozen (with a CAGR of +54.2%), while the other products experienced more modest paces of growth.
In value terms, the most traded types of beef (cattle meat) in the United States were meat; of bovine animals, boneless cuts, frozen ($450M), meat; of bovine animals, boneless cuts, fresh or chilled ($336M) and meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen ($110M), with a combined 97% share of total exports. Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled, meat; of bovine animals, carcasses and half-carcasses, frozen and meat; of bovine animals, carcasses and half-carcasses, fresh or chilled lagged somewhat behind, together accounting for a further 3.2%.
Meat; of bovine animals, carcasses and half-carcasses, frozen, with a CAGR of +70.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
U.S. Beef Exports by Country
South Korea (24K tons), Japan (24K tons) and China (20K tons) were the main destinations of beef exports from the United States, with a combined 66% share of total exports. These countries were followed by Mexico, Canada, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 20%.
From January 2022 to June 2022, the biggest increases were in Hong Kong SAR (with a CAGR of +8.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for beef exported from the United States were South Korea ($226M), China ($191M) and Japan ($168M), together accounting for 63% of total exports. These countries were followed by Taiwan (Chinese), Canada, Mexico and Hong Kong SAR, which together accounted for a further 22%.
Among the main countries of destination, Hong Kong SAR, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the beef market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
