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

Beef Market Size in Eastern Asia

The East Asian beef market expanded remarkably to $X in 2020, with an increase of X% against the previous year. The total consumption indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. 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 most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Beef Production in Eastern Asia

In value terms, beef production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

China (X tonnes) constituted the country with the largest volume of beef production, comprising approx. X% of total volume. Moreover, beef production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (+X% per year).

In 2020, the average beef yield in Eastern Asia shrank to X kg per head, flattening at the previous year's figure. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. The level of yield peaked at X kg per head in 2014; however, from 2015 to 2020, the yield remained at a lower figure.

In 2020, the number of animals slaughtered for beef production in Eastern Asia amounted to X heads, approximately mirroring the previous year's figure. Overall, the number of producing animals continues to indicate 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. The level of producing animals peaked in 2020 and is likely to see gradual growth in the immediate term.

Production By Country in Eastern Asia

The country with the largest volume of beef production was China (X tonnes), comprising approx. X% of total volume. Moreover, beef production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (+X% per year).

Beef Exports

Exports in Eastern Asia

In 2020, after two years of growth, there was significant decline in shipments abroad of beef (cattle meat), when their volume decreased by -X% to X tonnes. Overall, exports recorded a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, beef exports dropped sharply to $X in 2020. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2019, and then dropped markedly in the following year.

Exports by Country

In 2020, Japan (X tonnes) was the largest exporter of beef (cattle meat), committing X% of total exports. It was distantly followed by Hong Kong SAR (X tonnes), constituting a X% share of total exports.

Japan was also the fastest-growing in terms of the beef (cattle meat) exports, with a CAGR of +X% from 2007 to 2020. Hong Kong SAR experienced a relatively flat trend pattern. Japan (+X p.p.) and Hong Kong SAR (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) emerged as the largest beef supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Japan amounted to +X%.

Export Prices by Country

In 2020, the beef export price in Eastern Asia amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while Hong Kong SAR stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR.

Beef Imports

Imports in Eastern Asia

For the eighth year in a row, Eastern Asia recorded growth in overseas purchases of beef (cattle meat), which increased by X% to X tonnes in 2020. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, beef imports soared to $X in 2020. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the key importing country with an import of about X tonnes, which amounted to X% of total imports. Japan (X tonnes) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Hong Kong SAR (X%).

China was also the fastest-growing in terms of the beef (cattle meat) imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. From 2007 to 2020, the share of China increased by +X% percentage points, while Hong Kong SAR (-X p.p.), South Korea (-X p.p.) and Japan (-X p.p.) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported beef (cattle meat) in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, beef imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The beef import price in Eastern Asia stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in South Korea ($X per tonne) and Japan ($X per tonne), while China ($X per tonne) and Hong Kong SAR ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in Eastern Asia?
+
The country with the largest volume of beef consumption was China (8.1M tonnes), accounting for 77% of total volume. Moreover, beef consumption in China exceeded the figures recorded by the second-largest consumer, Japan (1M tonnes), eightfold. The third position in this ranking was occupied by South Korea (734K tonnes), with a 7% share.
What are the largest producers of beef (cattle meat) in Eastern Asia?
+
The country with the largest volume of beef production was China (6.5M tonnes), comprising approx. 89% of total volume. Moreover, beef production in China exceeded the figures recorded by the second-largest producer, Japan (468K tonnes), more than tenfold.
What are the leading exporters of beef (cattle meat) in Eastern Asia?
+
In value terms, Japan ($271M) emerged as the largest beef supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($65M), with a 19% share of total exports.
What are the leading importers of beef (cattle meat) in Eastern Asia?
+
In value terms, China ($10.2B) constitutes the largest market for imported beef (cattle meat) in Eastern Asia, comprising 54% of total imports. The second position in the ranking was occupied by Japan ($3.3B), with a 18% share of total imports. It was followed by South Korea, with a 15% share.
What is the average export price for beef (cattle meat) in Eastern Asia?
+
The beef export price in Eastern Asia stood at $8,234 per tonne in 2020, surging by 47% against the previous year.
What is the average import price for beef (cattle meat) in Eastern Asia?
+
The beef import price in Eastern Asia stood at $5,293 per tonne in 2020, falling by -1.6% 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 Eastern Asia. 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:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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