U.S. - Fresh Or Chilled Carcases Of Beef And Veal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Beef Carcase Price in the United States - 2023
Contents:
- Fresh Beef Carcase Price in the United States (CIF) - 2023
- Fresh Beef Carcase Price in the United States (FOB) - 2023
- Fresh Beef Carcase Imports in the United States
- Fresh Beef Carcase Exports in the United States
Fresh Beef Carcase Price in the United States (CIF) - 2023
In August 2023, the average fresh beef carcase import price amounted to $9,073 per ton, shrinking by -1.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 7.2% month-to-month. Over the period under review, average import prices reached the maximum at $9,220 per ton in July 2023, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($11,781 per ton), while the price for Nicaragua ($6,236 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Beef Carcase Price in the United States (FOB) - 2023
The average fresh beef carcase export price stood at $13,037 per ton in August 2023, falling by -7.5% against the previous month. In general, export price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, fresh beef carcase export price decreased by -9.8% against May 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 44% against the previous month. As a result, the export price reached the peak level of $14,452 per ton. From June 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Netherlands ($23,781 per ton), while the average price for exports to Colombia ($3,537 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Beef Carcase Imports in the United States
In 2022, overseas purchases of fresh or chilled carcases of beef and veal decreased by -16% to 106K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 11%.
In value terms, fresh beef carcase imports fell notably to $801M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +33.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports attained the peak of $1B, and then contracted rapidly in the following year.
| Import of Fresh Beef Carcase in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 394 | 449 | 589 | 415 | 1.7% |
| Canada | 184 | 267 | 388 | 355 | 24.5% |
| Nicaragua | 8.3 | 13.9 | 11.9 | 9.8 | 5.7% |
| Others | 13.9 | 13.4 | 19.7 | 20.3 | 13.5% |
| Total | 600 | 743 | 1,009 | 801 | 10.1% |
Top Suppliers of Fresh Beef Carcase to the United States in 2022:
- Mexico (71.1K tons)
- Canada (31.9K tons)
- Nicaragua (1.6K tons)
Fresh Beef Carcase Exports in the United States
In 2022, approx. 27K tons of fresh or chilled carcases of beef and veal were exported from the United States; dropping by -20.3% on the year before. Overall, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of 33K tons, and then reduced rapidly in the following year.
In value terms, fresh beef carcase exports shrank to $280M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 60%. As a result, the exports attained the peak of $297M, and then declined in the following year.
| Export of Fresh Beef Carcase in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 83.2 | 69.2 | 84.0 | 98.7 | 5.9% |
| South Korea | 38.1 | 36.5 | 84.7 | 66.3 | 20.3% |
| Mexico | 29.2 | 24.1 | 63.2 | 43.7 | 14.4% |
| Japan | 10.6 | 11.2 | 13.7 | 17.5 | 18.2% |
| Netherlands | 8.5 | 5.1 | 9.4 | 14.3 | 18.9% |
| Taiwan (Chinese) | 5.1 | 5.7 | 5.0 | 6.3 | 7.3% |
| China | 2.0 | 1.2 | 4.5 | 5.8 | 42.6% |
| Hong Kong SAR | 7.8 | 6.7 | 3.9 | 3.6 | -22.7% |
| United Arab Emirates | 11.9 | 7.4 | 7.0 | 3.1 | -36.1% |
| Cayman Islands | 4.3 | 4.6 | 4.4 | 2.6 | -15.4% |
| Others | 23.0 | 14.1 | 17.1 | 18.0 | -7.8% |
| Total | 224 | 186 | 297 | 280 | 7.7% |
Top Export Markets for Fresh Beef Carcase from the United States in 2022:
- Canada (9.6K tons)
- South Korea (5.1K tons)
- Mexico (5.0K tons)
- Netherlands (1.9K tons)
- Japan (1.2K tons)
- Taiwan (Chinese) (0.6K tons)
- China (0.5K tons)
- Cayman Islands (0.4K tons)
- Hong Kong SAR (0.3K tons)
- United Arab Emirates (0.2K tons)
This report provides an in-depth analysis of the fresh beef carcase 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:
- Prodcom 10111140 - Fresh or chilled carcases, half-carcases and quarters with bone in, of beef and veal
Country coverage:
- United States
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
- 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 VOLUME AND VALUE
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
- 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
- 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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