Latest Report Update: Nov 15, 2021

Northern America - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

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, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Northern America: Beef Market Overview 2021

Beef Market Size in Northern America

In 2020, after two years of growth, there was decline in the North American beef market, when its value decreased by -X% to $X. The total consumption indicated notable 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 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. The level of consumption peaked at $X in 2019, and then contracted modestly in the following year.

Beef Production in Northern America

In value terms, beef production declined slightly to $X in 2020 estimated in export prices. The total production indicated a moderate increase 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. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of production peaked at $X in 2019, and then dropped modestly in the following year.

The U.S. (X tonnes) constituted the country with the largest volume of beef production, accounting for X% of total volume. Moreover, beef production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), ninefold.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

The average beef yield reached X kg per head in 2020, flattening at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% year-to-year. Over the period under review, the beef yield hit record highs at X kg per head in 2015; however, from 2016 to 2020, the yield remained at a lower figure.

In 2020, approx. X heads of animals slaughtered for beef production in Northern America; stabilizing at the previous year's figure. Overall, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% y-o-y. The level of producing animals peaked at X heads in 2008; however, from 2009 to 2020, producing animals remained at a lower figure.

Production By Country in Northern America

The U.S. (X tonnes) remains the largest beef producing country in Northern America, accounting for X% of total volume. Moreover, beef production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), ninefold.

In the U.S., beef production remained relatively stable over the period from 2007-2020.

Beef Exports

Exports in Northern America

In 2020, overseas shipments of beef (cattle meat) decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Total exports indicated measured growth from 2007 to 2020: its volume 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, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, beef exports fell to $X in 2020. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, the U.S. (X tonnes) represented the main exporter of beef (cattle meat), generating X% of total exports. It was distantly followed by Canada (X tonnes), achieving a X% share of total exports.

The U.S. was also the fastest-growing in terms of the beef (cattle meat) exports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. The U.S. (+X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) remains the largest beef supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

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

Export Prices by Country

In 2020, the beef export price in Northern America amounted to $X per tonne, shrinking by -X% against the previous year. Export price indicated pronounced growth from 2007 to 2020: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while Canada stood at $X per tonne.

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

Beef Imports

Imports in Northern America

In 2020, overseas purchases of beef (cattle meat) were finally on the rise to reach X tonnes after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2015; afterwards, it flattened through to 2020.

In value terms, beef imports soared to $X in 2020. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2015; afterwards, it flattened through to 2020.

Imports by Country

The U.S. represented the largest importing country with an import of about X tonnes, which amounted to X% of total imports. It was distantly followed by Canada (X tonnes), generating a X% share of total imports.

The U.S. was also the fastest-growing in terms of the beef (cattle meat) imports, with a CAGR of +X% from 2007 to 2020. Canada experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported beef (cattle meat) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., beef imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the beef import price in Northern America amounted to $X per tonne, growing by X% against the previous year. Import price indicated a noticeable expansion from 2007 to 2020: its price 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, beef import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2020 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in Northern America?
+
The U.S. (13M tonnes) remains the largest beef consuming country in Northern America, accounting for 91% of total volume. Moreover, beef consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (1.2M tonnes), more than tenfold.
What are the largest producers of beef (cattle meat) in Northern America?
+
The country with the largest volume of beef production was the U.S. (12M tonnes), comprising approx. 90% of total volume. Moreover, beef production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (1.4M tonnes), ninefold.
What are the leading suppliers of beef (cattle meat) in Northern America?
+
In value terms, the U.S. ($6.6B) remains the largest beef supplier in Northern America, comprising 75% of total exports. The second position in the ranking was occupied by Canada ($2.2B), with a 25% share of total exports.
What are the leading importers of beef (cattle meat) in Northern America?
+
In value terms, the U.S. ($6.4B) constitutes the largest market for imported beef (cattle meat) in Northern America, comprising 87% of total imports. The second position in the ranking was occupied by Canada ($924M), with a 13% share of total imports.
What is the average export price for beef (cattle meat) in Northern America?
+
The beef export price in Northern America stood at $6,632 per tonne in 2020, waning by -1.5% against the previous year.
What is the average import price for beef (cattle meat) in Northern America?
+
The beef import price in Northern America stood at $6,022 per tonne in 2020, increasing by 4.4% 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 Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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
Biodiesel Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data