Eastern Asia: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Eastern Asia

The East Asian preserved cows meat market contracted to $X in 2022, standing approx. at the previous year. The total consumption indicated a strong 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Cows Meat Production in Eastern Asia

In value terms, preserved cows meat production contracted slightly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Preserved Cows Meat Exports

Exports in Eastern Asia

In 2022, approx. X tons of prepared or preserved meat or offal of bovine animals were exported in Eastern Asia; increasing by X% against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved cows meat exports rose rapidly to $X in 2022. Over the period under review, exports, however, showed a mild contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Hong Kong SAR (X tons), committing a X% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest preserved cows meat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, preserved cows meat exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a slight descent. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Preserved Cows Meat Imports

Imports in Eastern Asia

Preserved cows meat imports rose modestly to X tons in 2022, increasing by X% compared with the year before. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved cows meat imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR was the main importer of prepared or preserved meat or offal of bovine animals in Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons) and South Korea (X tons), together comprising a X% share of total imports. Macao SAR (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved cows meat imports into Hong Kong SAR stood at X%. At the same time, South Korea (X%) and Macao SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and South Korea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In Hong Kong SAR, preserved cows meat imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated a modest increase 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, preserved cows meat import price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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