Japan: Beef Market 2024

Beef Market Size in Japan

The Japanese beef market totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Beef consumption peaked in 2022 and is expected to retain growth in years to come.

Beef Production in Japan

In value terms, beef production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Beef production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of beef (cattle meat) in Japan was estimated at X kg per head in 2022, remaining relatively unchanged against 2021 figures. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X%. Over the period under review, the average beef yield reached the peak level in 2022 and is likely to continue growth in years to come.

The number of animals slaughtered for beef production in Japan reduced to X heads in 2022, approximately mirroring the previous year. In general, the number of producing animals showed a slight contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, this number reached the peak level at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Beef Exports

Exports from Japan

In 2022, overseas shipments of beef (cattle meat) decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, beef exports reduced rapidly to $X in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main destinations of beef exports from Japan, with a combined X% share of total exports. Cambodia, Singapore, Thailand, Tajikistan, Malaysia, the Netherlands and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beef exported from Japan were the United States ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. Cambodia, Singapore, Thailand, Tajikistan, the Netherlands, Malaysia and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw 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

The average beef export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Beef Imports

Imports into Japan

In 2022, overseas purchases of beef (cattle meat) decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, beef imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Australia (X tons) and Canada (X tons) were the main suppliers of beef imports to Japan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Canada ($X) were the largest beef suppliers to Japan, with a combined X% share of total imports.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($X per ton) and the United States ($X per ton), while the price for Mexico ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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