China: Beef Market Overview 2020

Beef Market Size in China

The revenue of the beef market in China amounted to $X in 2018, increasing by X% against the previous year. Overall, beef consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Beef consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Beef Production in China

In value terms, beef production stood at $X in 2018 estimated in export prices. In general, beef production continues to indicate strong growth. The growth pace was the most rapid in 2009 when production volume increased by X% year-to-year. Over the period under review, beef production reached its maximum level in 2018 and is expected to retain its growth in the near future.

Beef Exports

Exports from China

In 2018, approx. X tonnes of beef (cattle meat) were exported from China; lowering by -X% against the previous year. Over the period under review, beef exports continue to indicate an abrupt decline. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, beef exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, beef exports stood at $X in 2018. In general, beef exports continue to indicate a moderate slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Israel (X tonnes), Kuwait (X tonnes) and Kyrgyzstan (X tonnes) were the main destinations of beef exports from China, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Israel, while the other leaders experienced mixed trend patterns.

In value terms, Kuwait ($X) remains the key foreign market for beef exports from China, comprising X% of total beef exports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Kuwait stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Israel (+X% per year).

Export Prices by Country

In 2018, the average beef export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the beef export price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. The export price peaked in 2018 and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea, while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into China

In 2018, the amount of beef (cattle meat) imported into China totaled X tonnes, picking up by X% against the previous year. In general, beef imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, beef imports stood at $X in 2018. Overall, beef imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

Uruguay (X tonnes), Brazil (X tonnes) and Argentina (X tonnes) were the main suppliers of beef imports to China, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Uruguay ($X) were the largest beef suppliers to China, together accounting for X% of total imports.

Argentina (+X% per year) recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average beef import price amounted to $X per tonne, approximately equating the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. In that year, the average import prices for beef (cattle meat) reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average import prices for beef (cattle meat) remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, 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 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform