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China - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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China: Beef Market Overview 2021

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Beef Market Size in China

In 2020, the Chinese beef market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Beef consumption peaked in 2020 and is likely to see gradual growth in years to come.

Beef Production in China

In value terms, beef production rose rapidly to $X in 2020 estimated in export prices. In general, production recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the near future.

In 2020, the average beef yield in China was estimated at X kg per head, remaining stable against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the yield increased by X% against the previous year. Over the period under review, the average beef yield hit record highs at X kg per head in 2014; however, from 2015 to 2020, the yield failed to regain the momentum.

In 2020, the number of animals slaughtered for beef production in China was estimated at X heads, approximately reflecting 2019. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level in 2020 and is likely to continue growth in years to come.

Beef Exports

Exports from China

For the fourth year in a row, China recorded decline in shipments abroad of beef (cattle meat), which decreased by -X% to X tonnes in 2020. Over the period under review, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, beef exports reduced rapidly to $X in 2020. In general, exports faced a dramatic slump. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Australia (X tonnes), Ireland (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of beef exports from China, with a combined X% share of total exports. These countries were followed by Italy and Panama, which together accounted for a further X 2007 to 2020, the biggest increases were in Panama, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Hong Kong SAR ($X) and Ireland ($X) appeared to be the largest markets for beef exported from China worldwide, with a combined X% share of total exports. These countries were followed by Italy and Panama, which together accounted for a further X the main countries of destination, Panama recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average beef export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into China

In 2020, beef imports into China surged to X tonnes, growing by X% on the previous year's figure. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, beef imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tonnes), Argentina (X tonnes) and Australia (X tonnes) were the main suppliers of beef imports to China, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of beef to China, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Brazil amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and Australia (+X% per year).

Import Prices by Country

In 2020, the average beef import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2016 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for Uruguay ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?
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The countries with the highest volumes of beef consumption in 2020 were China (15M tonnes), the U.S. (13M tonnes) and Brazil (8.9M tonnes), with a combined 46% share of global consumption. These countries were followed by Argentina, Pakistan, Russia, Mexico, Australia, India and France, which together accounted for a further 17%.
What are the largest producers of beef (cattle meat) in the world?
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The countries with the highest volumes of beef production in 2020 were China (13M tonnes), the U.S. (12M tonnes) and Brazil (10M tonnes), together accounting for 45% of global production. Argentina, India, Australia, Pakistan, Mexico, Russia, France and Canada lagged somewhat behind, together comprising a further 21%.
What are the leading suppliers of beef (cattle meat) to China?
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In value terms, Brazil ($4.2B) constituted the largest supplier of beef to China, comprising 41% of total imports. The second position in the ranking was occupied by Argentina ($2.1B), with a 20% share of total imports. It was followed by Australia, with a 15% share.
What are the leading importers of beef (cattle meat) from China?
+
In value terms, the largest markets for beef exported from China were Australia ($255K), Hong Kong SAR ($240K) and Ireland ($136K), with a combined 83% share of total exports. Italy and Panama lagged somewhat behind, together accounting for a further 17%.
What is the average export price for beef (cattle meat) in China?
+
The average beef export price stood at $7,837 per tonne in 2020, rising by 13% against the previous year.
What is the average import price for beef (cattle meat) in China?
+
In 2020, the average beef import price amounted to $4,805 per tonne, rising by 3.6% against the previous year.

Product coverage:
• FCL 947 - Buffalo meat
• FCL 867 - Meat of cattle

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 2025.


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:
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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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