Asia-Pacific: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Asia-Pacific

The Asia-Pacific fresh beef carcase market amounted to $X in 2022, approximately mirroring the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fresh Beef Carcase Production in Asia-Pacific

In value terms, fresh beef carcase production stood at $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports in Asia-Pacific

In 2022, overseas shipments of fresh or chilled carcases of beef and veal increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, fresh beef carcase exports soared to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Pakistan prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons), constituting a X% share of total exports.

Pakistan was also the fastest-growing in terms of the fresh or chilled carcases of beef and veal exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) remains the largest fresh beef carcase supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In Pakistan, fresh beef carcase 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 Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Fresh Beef Carcase Imports

Imports in Asia-Pacific

Fresh beef carcase imports declined to X tons in 2022, almost unchanged from the year before. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, fresh beef carcase imports stood at $X in 2022. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X tons) represented the key importer of fresh or chilled carcases of beef and veal, creating X% of total imports. Bhutan (X tons) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%). The following importers - Japan (X tons), Taiwan (Chinese) (X tons), China (X tons), Singapore (X tons) and Samoa (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported fresh or chilled carcases of beef and veal in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bhutan ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In South Korea, fresh beef carcase imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bhutan (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh beef carcase import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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