Report Asia-Pacific - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 1, 2023

Asia-Pacific - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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Asia-Pacific: Beef Market 2023

Beef Market Size in Asia-Pacific

The Asia-Pacific beef market expanded slightly to $X in 2021, rising by 4.5% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Beef Production in Asia-Pacific

In value terms, beef production expanded to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Pakistan (X tons), together accounting for 74% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of +4.6%), while production for the other leaders experienced more modest paces of growth.

The average beef yield stood at X kg per head in 2021, standing approx. at the previous year. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 1.1%. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for beef production in Asia-Pacific totaled X heads, surging by 1.6% on the year before. This number increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 4.7%. The level of producing animals peaked in 2021 and is likely to continue growth in years to come.

Beef Exports

Exports in Asia-Pacific

In 2021, approx. X tons of beef (cattle meat) were exported in Asia-Pacific; flattening at the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 20% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, beef exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) and Australia (X tons) represented roughly 77% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a 19% share of total exports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +7.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X) remains the largest beef supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was taken by India ($X), with a 22% share of total exports. It was followed by New Zealand, with a 21% share.

In Australia, beef exports expanded at an average annual rate of +3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+0.0% per year) and New Zealand (+6.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 9.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the other leaders experienced more modest paces of growth.

Beef Imports

Imports in Asia-Pacific

In 2021, approx. X tons of beef (cattle meat) were imported in Asia-Pacific; increasing by 5.5% on the previous year. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, beef imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

China was the largest importing country with an import of about X tons, which amounted to 51% of total imports. Japan (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (10%), Hong Kong SAR (5.7%) and Indonesia (4.6%). The following importers - Vietnam (X tons) and Malaysia (X tons) - together made up 7.2% of total imports.

China was also the fastest-growing in terms of the beef (cattle meat) imports, with a CAGR of +50.2% from 2012 to 2021. At the same time, Indonesia (+22.7%), South Korea (+6.6%), Hong Kong SAR (+4.6%), Malaysia (+2.8%) and Japan (+1.4%) displayed positive paces of growth. By contrast, Vietnam (-6.0%) illustrated a downward trend over the same period. While the share of China (+47 p.p.) and Indonesia (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-3.6 p.p.), Hong Kong SAR (-4.2 p.p.), South Korea (-4.8 p.p.), Vietnam (-13.1 p.p.) and Japan (-16.6 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported beef (cattle meat) in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with a 14% share.

In China, beef imports increased at an average annual rate of +54.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.3% per year) and South Korea (+12.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in Asia-Pacific?
+
The country with the largest volume of beef consumption was China, comprising approx. 43% of total volume. Moreover, beef consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was taken by Pakistan, with a 9.9% share.
What are the largest producers of beef (cattle meat) in Asia-Pacific?
+
The countries with the highest volumes of production in 2021 were China, India and Pakistan, together comprising 74% of total production.
What are the leading exporters of beef (cattle meat) in Asia-Pacific?
+
In value terms, Australia remains the largest beef supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was held by India, with a 22% share of total exports. It was followed by New Zealand, with a 21% share.
What are the leading importers of beef (cattle meat) in Asia-Pacific?
+
In value terms, China constitutes the largest market for imported beef cattle meat) in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was taken by Japan, with a 14% share of total imports. It was followed by South Korea, with a 14% share.
What is the average export price for beef (cattle meat) in Asia-Pacific?
+
In 2021, the export price in Asia-Pacific amounted to $5,191 per ton, picking up by 9.8% against the previous year.
What is the average import price for beef (cattle meat) in Asia-Pacific?
+
In 2021, the import price in Asia-Pacific amounted to $5,608 per ton, rising by 11% against the previous year.

This report provides an in-depth analysis of the beef market in Asia-Pacific. 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
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Vietnam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Producing Animals, By Country, 2012-2022
Table 7:
Yield, By Country, 2012-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Volume Forecast to 2030
Figure 5:
Market Value Forecast to 2030
Figure 6:
Products: Market Size And Growth, By Type
Figure 7:
Products: Average Per Capita Consumption, By Type
Figure 8:
Products: Exports And Growth, By Type
Figure 9:
Products: Export Prices And Growth, By Type
Figure 10:
Production Volume And Growth
Figure 11:
Yield And Growth
Figure 12:
Exports And Growth
Figure 13:
Export Prices And Growth
Figure 14:
Market Size And Growth
Figure 15:
Per Capita Consumption
Figure 16:
Imports And Growth
Figure 17:
Import Prices
Figure 18:
Production, In Physical Terms, 2012–2022
Figure 19:
Production, In Value Terms, 2012–2022
Figure 20:
Producing Animals, 2012–2022
Figure 21:
Yield, 2012–2022
Figure 22:
Production, By Country, 2022
Figure 23:
Production, In Physical Terms, By Country, 2012–2022
Figure 24:
Producing Animals, By Country, 2022
Figure 25:
Producing Animals, By Country, 2012-2022
Figure 26:
Yield, By Country, 2012-2022
Figure 27:
Imports, In Physical Terms, 2012–2022
Figure 28:
Imports, In Value Terms, 2012–2022
Figure 29:
Imports, In Physical Terms, By Country, 2022
Figure 30:
Imports, In Physical Terms, By Country, 2012–2022
Figure 31:
Imports, In Value Terms, By Country, 2012–2022
Figure 32:
Import Prices, By Country, 2012–2022
Figure 33:
Exports, In Physical Terms, 2012–2022
Figure 34:
Exports, In Value Terms, 2012–2022
Figure 35:
Exports, In Physical Terms, By Country, 2022
Figure 36:
Exports, In Physical Terms, By Country, 2012–2022
Figure 37:
Exports, In Value Terms, By Country, 2012–2022
Figure 38:
Export Prices, 2012–2022
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