Japan - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in Japan - 2023
Contents:
- Beef Price in Japan (CIF) - 2023
- Beef Price in Japan (FOB) - 2023
- Beef Imports in Japan
- Beef Exports in Japan
Beef Price in Japan (CIF) - 2023
The average beef import price stood at $6,450 per ton in July 2023, picking up by 13% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $6,748 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were the United States ($6,796 per ton) and New Zealand ($6,614 per ton), while the price for Mexico ($5,281 per ton) and Canada ($5,363 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.
Beef Price in Japan (FOB) - 2023
The average beef export price stood at $47,095 per ton in July 2023, which is down by -1.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 9.4% month-to-month. As a result, the export price attained the peak level of $54,615 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the Netherlands ($70,037 per ton), while the average price for exports to Hong Kong SAR ($37,994 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Beef Imports in Japan
In 2022, the amount of beef (cattle meat) imported into Japan reduced modestly to 567K tons, with a decrease of -3.1% compared with the previous year's figure. Overall, imports continue to indicate a perceptible reduction. The smallest decline of -2.4% was in 2020.
In value terms, beef imports expanded modestly to $3.8B in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Beef in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,429 | 1,411 | 1,567 | 1,553 | 2.8% |
| Australia | 1,679 | 1,516 | 1,505 | 1,418 | -5.5% |
| Canada | 194 | 167 | 256 | 277 | 12.6% |
| New Zealand | 123 | 129 | 177 | 216 | 20.6% |
| Mexico | 73.0 | 63.9 | 109 | 151 | 27.4% |
| Others | 30.2 | 55.5 | 99.9 | 156 | 72.9% |
| Total | 3,527 | 3,343 | 3,713 | 3,772 | 2.3% |
Top Suppliers of Beef to Japan in 2022:
- United States (224.7K tons)
- Australia (210.9K tons)
- Canada (48.1K tons)
- New Zealand (30.5K tons)
- Mexico (27.2K tons)
Beef Exports in Japan
In 2022, the amount of beef (cattle meat) exported from Japan skyrocketed to 37K tons, increasing by 367% on 2021 figures. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, beef exports reduced sharply to $390M in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, the exports reached the peak of $489M, and then contracted notably in the following year.
| Export of Beef in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.2 | 39.3 | 93.3 | 69.5 | 35.1% |
| Hong Kong SAR | 46.6 | 50.8 | 69.0 | 58.8 | 8.1% |
| Taiwan (Chinese) | 33.8 | 38.9 | 49.9 | 54.1 | 17.0% |
| Cambodia | 80.0 | 73.1 | 144 | 53.9 | -12.3% |
| Singapore | 15.5 | 16.6 | 24.3 | 26.3 | 19.3% |
| Thailand | 14.8 | 10.5 | 16.5 | 24.7 | 18.6% |
| Tajikistan | 3.2 | 2.0 | 6.4 | 13.3 | 60.8% |
| Netherlands | 6.2 | 4.8 | 11.2 | 13.2 | 28.6% |
| Malaysia | 2.8 | 4.1 | 9.3 | 10.3 | 54.4% |
| Vietnam | 4.5 | 3.9 | 6.4 | 8.7 | 24.6% |
| Macao SAR | 7.2 | 3.4 | 8.9 | 4.8 | -12.6% |
| Others | 29.2 | 23.3 | 49.9 | 52.9 | 21.9% |
| Total | 272 | 271 | 489 | 390 | 12.8% |
Top Export Markets for Beef from Japan in 2022:
- Hong Kong SAR (1.4K tons)
- Taiwan (Chinese) (1.2K tons)
- United States (1.1K tons)
- Cambodia (0.9K tons)
- Singapore (0.6K tons)
- Thailand (0.6K tons)
- Tajikistan (0.3K tons)
- Netherlands (0.2K tons)
- Malaysia (0.2K tons)
- Vietnam (0.1K tons)
- Macao SAR (0.1K tons)
This report provides an in-depth analysis of the beef market in Japan. 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 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In April 2023, the Beef price reached $5,337 per ton (CIF, Japan), marking an 11.8% decrease compared to the previous month.
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Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
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Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
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Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
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