
China - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).
By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.
China: Beef Market Overview 2021
Webinar: Global Sugar Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global sugar market.
Thursday, April 1st, 2021 @ 10:00 am ET
Beef Market Size in China
The Chinese beef market rose significantly to $X in 2019, increasing by X% against the previous year. Overall, consumption saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Beef consumption peaked in 2019 and is expected to retain growth in the near future.
Beef Production in China
In value terms, beef production soared to $X in 2019 estimated in export prices. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. Beef production peaked in 2019 and is expected to retain growth in the near future.
In 2019, the average beef yield in China stood at X kg per head, remaining stable against the previous year. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the average beef yield attained the peak level at X kg per head in 2014; afterwards, it flattened through to 2019.
In 2019, number of animals slaughtered for beef production in China totaled X heads, approximately reflecting the previous year. Overall, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the number of producing animals increased by X% against the previous year. As a result, the amount of producing animals reached the peak level of X heads. From 2009 to 2019, the growth of this number remained at a lower figure.
Beef Exports
Exports from China
In 2019, beef exports from China shrank to X tonnes, falling by -X% on 2018 figures. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.
In value terms, beef exports skyrocketed to $X in 2019. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Hong Kong SAR (X tonnes) and Egypt (X tonnes) were the main destinations of beef exports from China, with a combined X% share of total exports.
From 2007 to 2019, the biggest increases were in Egypt.
In value terms, Hong Kong SAR ($X) remains the key foreign market for beef exports from China, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.
From 2007 to 2019, the average annual growth rate of value to Hong Kong SAR amounted to -X%.
Export Prices by Country
The average beef export price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Egypt stood at $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.
Beef Imports
Imports into China
For the thirteenth year in a row, China recorded growth in overseas purchases of beef (cattle meat), which increased by X% to X tonnes in 2019. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see gradual growth in the immediate term.
In value terms, beef imports totaled $X in 2019. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in years to come.
Imports by Country
Brazil (X tonnes), Argentina (X tonnes) and Australia (X tonnes) were the main suppliers of beef imports to China, together comprising X% of total imports.
From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (+X% per year), while imports for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($X), Argentina ($X) and Australia ($X) were the largest beef suppliers to China, together accounting for X% of total imports.
Among the main suppliers, Argentina (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average beef import price stood at $X per tonne in 2019, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average import prices failed to regain the momentum.
Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Australia ($X per tonne) and Brazil ($X per tonne), while the price for Argentina ($X per tonne) and New Zealand ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for beef (cattle meat) in the world?+
The countries with the highest volumes of beef consumption in 2019 were the U.S. (12M tonnes), Brazil (8.4M tonnes) and China (7.5M tonnes), together accounting for 39% of global consumption. These countries were followed by Argentina, Pakistan, Mexico, Russia, India, France, Germany and Turkey, which together accounted for a further 19%.
What are the largest producers of beef (cattle meat) in the world?+
The countries with the highest volumes of beef production in 2019 were the U.S. (12M tonnes), Brazil (10M tonnes) and China (6.5M tonnes), together comprising 40% of global production. These countries were followed by Argentina, India, Australia, Mexico, Pakistan, Russia, France, Canada, Germany and Turkey, which together accounted for a further 25%.
What are the leading suppliers of beef (cattle meat) to China?+
In value terms, the largest beef suppliers to China were Brazil ($1.6B), Argentina ($1.2B) and Australia ($1.1B), together accounting for 82% of total imports.
What are the leading importers of beef (cattle meat) from China?+
In value terms, Hong Kong SAR ($16M) remains the key foreign market for beef exports from China, comprising 82% of total exports. The second position in the ranking was occupied by Egypt ($3M), with a 16% share of total exports.
What is the average export price for beef (cattle meat) in China?+
In 2019, the average beef export price amounted to $8,255 per tonne, rising by 48% against the previous year.
What is the average import price for beef (cattle meat) in China?+
In 2019, the average beef import price amounted to $4,617 per tonne, remaining relatively unchanged against the previous year.
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Webinar: Global Sugar Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global sugar market.
Thursday, April 1st, 2021 @ 10:00 am ET
Register
Webinar: Global Cotton Yarn Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global cotton yarn market.
Thursday, April 8th, 2021 @ 10:00 am ET
Register
Webinar: Global MDF Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global MDF market.
Thursday, March 25th, 2021 @ 10:00 am ET
Register