South-Eastern Asia: Preserved Beef Market 2024

Preserved Beef Market Size in South-Eastern Asia

The Southeast Asian preserved beef market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Preserved Beef Production in South-Eastern Asia

In value terms, preserved beef production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Preserved Beef Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in overseas shipments of beef and veal (salted, in brine, dried or smoked), which increased by X% to X tons in 2022. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved beef exports fell to $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Malaysia (X tons), together accounting for X% of total export.

Malaysia was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. While the share of Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) also remains the largest preserved beef supplier in South-Eastern Asia.

In Malaysia, preserved beef exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, enjoyed a modest expansion. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Preserved Beef Imports

Imports in South-Eastern Asia

In 2022, imports of beef and veal (salted, in brine, dried or smoked) in South-Eastern Asia expanded markedly to X tons, picking up by X% against 2021. In general, imports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved beef imports expanded significantly to $X in 2022. Over the period under review, imports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Myanmar represented the main importing country with an import of about X tons, which finished at X% of total imports. Lao People's Democratic Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). The following importers - Vietnam (X tons) and Singapore (X tons) - each amounted to a X% share of total imports.

Imports into Myanmar increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and Lao People's Democratic Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Malaysia, Vietnam and Singapore increased by X, X, X and X percentage points, respectively.

In value terms, Myanmar ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

In Myanmar, preserved beef imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, flattening at the previous year. Overall, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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