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

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Beef Market Size in Thailand

The Thai beef market surged to $X in 2020, growing by X% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2007 to 2020: its value decreased 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 growth pace was the most rapid in 2015 with an increase of X% year-to-year. Beef consumption peaked in 2020 and is likely to continue growth in years to come.

Beef Production in Thailand

In value terms, beef production surged to $X in 2020 estimated in export prices. In general, the total production indicated a prominent increase from 2007 to 2020: its value decreased 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, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. Beef production peaked in 2020 and is expected to retain growth in the near future.

The average yield of beef (cattle meat) in Thailand declined slightly to X kg per head in 2020, with a decrease of -X% compared with the previous year. In general, the yield showed a noticeable setback. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the average beef yield attained the maximum level at X kg per head in 2007; however, from 2008 to 2020, the yield stood at a somewhat lower figure.

In 2020, number of animals slaughtered for beef production in Thailand stood at X heads, with an increase of X% against the previous year. Overall, the total number of producing animals indicated a moderate expansion from 2007 to 2020: its figure 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, number of animals slaughtered for beef production decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, the number of animals produced reached the peak level of X heads. from 2013 to 2020, the growth of this number remained at a lower figure.

Beef Exports

Exports from Thailand

In 2020, the amount of beef (cattle meat) exported from Thailand reduced to X tonnes, declining by -X% against the previous year. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, beef exports reduced dramatically to $X in 2020. In general, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tonnes), Lao People's Democratic Republic (X tonnes) and Myanmar (X tonnes) were the main destinations of beef exports from Thailand, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X), Hong Kong SAR ($X) and Myanmar ($X) constituted the largest markets for beef exported from Thailand worldwide, with a combined X% share of total exports.

Myanmar (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average beef export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic, while the prices for the other major destinations experienced a decline.

Beef Imports

Imports into Thailand

In 2020, overseas purchases of beef (cattle meat) increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports failed to regain the momentum.

In value terms, beef imports surged to $X in 2020. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Australia (X tonnes), Argentina (X tonnes) and New Zealand (X tonnes) were the main suppliers of beef imports to Thailand, together accounting for X% of total imports. These countries were followed by Brazil and the U.S., which together accounted for a further X 2007 to 2020, the biggest increases were in Brazil (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of beef to Thailand, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average beef import price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?
+
The countries with the highest volumes of beef consumption in 2020 were the U.S. (13M tonnes), China (8.6M tonnes) and Brazil (8.6M tonnes), with a combined 41% share of global consumption. These countries were followed by Argentina, Pakistan, Mexico, Russia, India, France, Australia, Germany, Canada and Turkey, which together accounted for a further 22%.
What are the largest producers of beef (cattle meat) in the world?
+
The countries with the highest volumes of beef production in 2020 were the U.S. (12M tonnes), Brazil (10M tonnes) and China (6.5M tonnes), with a combined 40% share of global production. These countries were followed by Argentina, India, Australia, Pakistan, Mexico, Russia, France, Canada, Turkey and Germany, which together accounted for a further 26%.
What are the leading suppliers of beef (cattle meat) to Thailand?
+
In value terms, Australia ($61M) constituted the largest supplier of beef to Thailand, comprising 60% of total imports. The second position in the ranking was occupied by New Zealand ($15M), with a 14% share of total imports. It was followed by the U.S., with a 6.9% share.
What are the leading importers of beef (cattle meat) from Thailand?
+
In value terms, Lao People's Democratic Republic ($246K), Hong Kong SAR ($125K) and Myanmar ($45K) constituted the largest markets for beef exported from Thailand worldwide, together accounting for 98% of total exports.
What is the average export price for beef (cattle meat) in Thailand?
+
The average beef export price stood at $2,624 per tonne in 2020, falling by -30% against the previous year.
What is the average import price for beef (cattle meat) in Thailand?
+
In 2020, the average beef import price amounted to $5,442 per tonne, picking up by 1.9% 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 Thailand. 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:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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