China: Beef Market Overview 2020

Beef Market Size in China

The revenue of the beef market in China amounted to $X in 2017, increasing by X% against the previous year. Overall, beef consumption continues to indicate an outstanding growth. The growth pace was the most rapid in 2008, when market value increased by X% year-to-year. Over the period under review, the beef market attained its maximum level in 2017, and is likely to continue its growth in the near future.

Beef Production in China

In 2017, approx. X kg of beef (cattle meat) were produced in China; therefore, remained relatively stable against the previous year. In general, beef production continues to indicate a perceptible growth. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the beef production attained their peak volume of X tonnes. From 2012 to 2017, growth of the beef production failed to regain its momentum. Beef output in China indicated a notable growth, which was largely conditioned by a notable increase of the producing animals and a relatively flat trend pattern in yield figures.

In 2017, average beef yield in China totaled X kg per head, going down by -X% against the previous year. Overall, beef yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. Over the period under review, the beef yield attained its peak figure level of X kg per head in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In 2017, approx. X head of beef (cattle meat) were slaughtered in China; going down by -X% against the previous year. Overall, beef producing animals continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2016, when the number of producing animals increased by X% year-to-year. In that year, this number attained their peak figure of X heads, and then declined slightly in the following year.

Beef Exports from China

Beef exports from China stood at X tonnes in 2017, falling by -X% against the previous year. Overall, beef exports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. In that year, the beef exports attained their peak volume of X tonnes. From 2011 to 2017, growth of the beef exports failed to regain its momentum.

In value terms, beef exports stood at $X in 2017. In general, beef exports continue to indicate an abrupt drop. China exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Beef Exports by Country from China

In 2017, India (X tonnes), Brazil (X tonnes), Australia (X tonnes) and the U.S. (X tonnes) were the largest exporters of beef (cattle meat) in the world, generating X% of total export. The Netherlands (X tonnes), New Zealand (X tonnes), Poland (X tonnes), Ireland (X tonnes), Paraguay (X tonnes), Canada (X tonnes), Uruguay (X tonnes) and Argentina (X tonnes) took the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina, Paraguay and China, which together accounted for a further X%.

Among the main exporting countries , India (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in China

In 2017, the beef export price in China amounted to $X per tonne, increasing by X% against the previous year. Overall, beef export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2011, an increase of X% year-to-year. Over the period under review, the export prices for beef (cattle meat) attained its maximum level of $X per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports into China

In 2017, approx. X tonnes of beef (cattle meat) were imported into China; growing by X% against the previous year. In general, beef imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. China imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, beef imports stood at $X in 2017. In general, beef imports continue to indicate a remarkable growth. China imports peaked in 2017, and are likely to see steady growth in the immediate term.

Beef Imports by Country into China

The U.S. (X tonnes), Viet Nam (X tonnes), China (X tonnes), Japan (X tonnes), China, Hong Kong SAR (X tonnes), Italy (X tonnes), South Korea (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Egypt (X tonnes), Russia (X tonnes) and the UK (X tonnes) represented roughly X% of total imports of beef (cattle meat) in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were the U.S. ($X), China ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by Viet Nam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia and Egypt, which together accounted for a further X%.

Among the main importing countries , Viet Nam (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in China

In 2017, the beef import price in China amounted to $X per tonne, approximately mirroring the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015, when the import prices increased by X% year-to-year. In that year, the import prices for beef (cattle meat) reached their peak level of $X per tonne. From 2016 to 2017, growth of the import prices for beef (cattle meat) stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform