Asia: Fresh Beef Cut Market 2020

Fresh Beef Cut Market Size in Asia

The revenue of the fresh beef cut market in Asia amounted to $X in 2017, coming up by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2016, with an increase of X% against the previous year. Over the period under review, the fresh beef cut market attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Fresh Beef Cut Production in Asia

The fresh beef cut production totaled X tons in 2017, growing by X% against the previous year. The fresh beef cut production continues to indicate a strong growth. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. The volume of fresh beef cut production peaked in 2017, and is expected to retain its growth in the immediate term.

Fresh Beef Cut Exports in Asia

In 2017, the amount of fresh or chilled cuts of beef and veal exported in Asia totaled X tons, declining by -X% against the previous year. The fresh beef cut exports continue to indicate a strong increase. The growth pace was the most rapid in 2013, when it surged by X% against the previous year. Over the period under review, the fresh beef cut exports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, fresh beef cut exports stood at $X in 2017. The fresh beef cut exports continue to indicate a strong expansion. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Fresh Beef Cut Exports by Country in Asia

India was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Japan (X tons) ranks second in terms of the global exports with a X% share, followed by Pakistan (X%). The following exporters - Malaysia (X tons), China (X tons) and China, Hong Kong SAR (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to fresh beef cut exports from India stood at +X%. At the same time, China, Hong Kong SAR (+X%), Japan (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Malaysia (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of China (X%) and Malaysia (X%) increased significantly in terms of the global exports from 2007-2017, the share of China, Hong Kong SAR (-X%), Pakistan (-X%), Japan (-X%) and India (-X%) displayed negative dynamics.

In value terms, the largest fresh beef cut markets worldwide were Japan ($X), India ($X) and Pakistan ($X), together comprising X% of total exports. These countries were followed by China, Hong Kong SAR, Malaysia and China, which together accounted for a further X%.

China, Hong Kong SAR (+X% per year) experienced the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Fresh Beef Cut Export Prices by Country in Asia

The fresh beef cut export price in Asia stood at $X per ton in 2017, coming up by X% against the previous year. The fresh beef cut export price continues to indicate a slight deduction. The pace of growth appeared the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the export prices for fresh or chilled cuts of beef and veal reached its maximum level of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was China, Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Pakistan (+X% per year), while the other leaders experienced a decline in the export price figures.

Fresh Beef Cut Imports in Asia

The imports totaled X tons in 2017, rising by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, fresh beef cut imports stood at $X in 2017. The total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fresh beef cut imports increased by +X% against 2009 indices. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Fresh Beef Cut Imports by Country in Asia

Japan was the major importer of fresh or chilled cuts of beef and veal in Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2017. South Korea (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Saudi Arabia (X%), the United Arab Emirates (X%) and Taiwan, Chinese (X%). Jordan (X tons), Lebanon (X tons), China, Hong Kong SAR (X tons), Turkey (X tons) and Singapore (X tons) occupied the mild share of total imports.

Japan experienced a relatively flat trend pattern of fresh or chilled cuts of beef and veal imports. At the same time, Turkey (+X%), Saudi Arabia (+X%), Taiwan, Chinese (+X%), China, Hong Kong SAR (+X%), Jordan (+X%), South Korea (+X%), Singapore (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Lebanon experienced a relatively flat trend pattern. China, Hong Kong SAR (-X%), Turkey (-X%), Jordan (-X%), Taiwan, Chinese (-X%), Japan (-X%), Saudi Arabia (-X%) and South Korea (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported fresh or chilled cuts of beef and veal in Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Taiwan, Chinese, with a X% share.

In Japan, fresh beef cut imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan, Chinese (+X% per year).

Fresh Beef Cut Import Prices by Country in Asia

In 2017, the fresh beef cut import price in Asia amounted to $X per ton, going up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. The level of import price peaked in 2017, and is expected to retain its growth in the near future.

Import prices varied noticeably by the country of destination; the country with the highest import price was Taiwan, Chinese ($X per kg), while Jordan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform