China - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in China - 2023
Contents:
- Beef Price in China (CIF) - 2023
- Beef Price in China (FOB) - 2022
- Beef Imports in China
- Beef Exports in China
Beef Price in China (CIF) - 2023
In June 2023, the average beef import price amounted to $5,509 per ton, flattening at the previous month. Overall, the import price saw a slight downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 4.2% month-to-month. The import price peaked at $7,105 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($9,686 per ton), while the price for Uruguay ($4,211 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.0%), while the prices for the other major suppliers experienced a decline.
Beef Price in China (FOB) - 2022
The average beef export price stood at $12,127 per ton in 2022, growing by 13% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beef export price increased by +207.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 117%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +32.6% per year.
Beef Imports in China
For the fourth year in a row, China recorded growth in supplies from abroad of beef (cattle meat), which increased by 15% to 2.7M tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, beef imports soared to $17.8B in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Beef in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.1 | 4.2 | 4.6 | 7.5 | 52.9% |
| Argentina | 1.8 | 2.1 | 2.0 | 2.7 | 14.5% |
| Uruguay | 1.1 | 0.8 | 1.5 | 1.8 | 17.8% |
| United States | 0.1 | 0.2 | 1.3 | 1.7 | 157.1% |
| Australia | 1.8 | 1.5 | 1.2 | 1.6 | -3.9% |
| New Zealand | 1.1 | 0.8 | 1.1 | 1.4 | 8.4% |
| Others | 0.3 | 0.5 | 0.8 | 0.9 | 44.2% |
| Total | 8.2 | 10.2 | 12.5 | 17.8 | 29.5% |
Top Suppliers of Beef to China in 2022:
- Brazil (1105.1K tons)
- Argentina (490.4K tons)
- Uruguay (356.1K tons)
- New Zealand (215.9K tons)
- Australia (182.5K tons)
- United States (178.3K tons)
Beef Exports in China
In 2022, shipments abroad of beef (cattle meat) was finally on the rise to reach 41 tons after two years of decline. Overall, exports, however, recorded a dramatic decrease.
In value terms, beef exports skyrocketed to $491K in 2022. Over the period under review, exports, however, continue to indicate a dramatic setback.
| Export of Beef in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 224 | 0% |
| Hong Kong SAR | 529 | N/A | N/A | N/A | 0% |
| Italy | N/A | 113 | N/A | N/A | 0% |
| Ireland | N/A | 136 | N/A | N/A | 0% |
| Democratic People's Republic of Korea | 685 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 63.8 | N/A | N/A | N/A | 0% |
| Angola | 79.7 | N/A | N/A | N/A | 0% |
| Australia | N/A | 255 | N/A | N/A | 0% |
| Brazil | 118 | N/A | N/A | N/A | 0% |
| Others | 169 | 253 | 148 | 267 | 16.5% |
| Total | 1,644 | 757 | 148 | 491 | -33.2% |
Top Export Markets for Beef from China in 2022:
- United States (17.8 tons)
This report provides an in-depth analysis of the beef market in China. 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 China
- 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
-
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
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