Asia-Pacific: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Asia-Pacific

The Asia-Pacific preserved cows meat market declined slightly to $X in 2022, standing approx. at the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Preserved Cows Meat Production in Asia-Pacific

In value terms, preserved cows meat production declined slightly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Preserved Cows Meat Exports

Exports in Asia-Pacific

In 2022, approx. X tons of prepared or preserved meat or offal of bovine animals were exported in Asia-Pacific; increasing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved cows meat exports fell modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The biggest shipments were from New Zealand (X tons), China (X tons) and Australia (X tons), together resulting at X% of total export. Hong Kong SAR (X tons) held the next position in the ranking, distantly followed by India (X tons) and Malaysia (X tons). All these countries together took near X% share of total exports. The Philippines (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia, Hong Kong SAR, India and the Philippines lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Asia-Pacific

In 2022, approx. X tons of prepared or preserved meat or offal of bovine animals were imported in Asia-Pacific; increasing by X% compared with 2021 figures. Over the period under review, imports, however, showed a slight decline. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved cows meat imports rose modestly to $X in 2022. Overall, imports saw slight growth. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) was the key importer of prepared or preserved meat or offal of bovine animals, comprising X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Australia (X%), the Philippines (X%), Singapore (X%) and Indonesia (X%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to preserved cows meat imports into Hong Kong SAR stood at X%. At the same time, South Korea (X%), the Philippines (X%), Indonesia (X%) and Australia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, the Philippines, South Korea and Indonesia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Australia ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Singapore, Indonesia, the Philippines and South Korea lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, almost unchanged from the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved cows meat import price increased by X% against 2014 indices. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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