China - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Prices in China
China Beef Import Price in September 2022
In September 2022, the beef price stood at $6,787 per ton (CIF, China), waning by -1.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 4.3% m-o-m. The import price peaked at $7,105 per ton in July 2022; however, from August 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,787 per ton), while the price for Uruguay ($5,287 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
China Beef Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled ($23.6 per kg), while the price for meat; of bovine animals, carcasses and half-carcasses, frozen ($2,600 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (+0.3%), while the prices for the other products experienced more modest paces of growth.
China Beef Imports
In September 2022, after four months of growth, there was significant decline in supplies from abroad of beef (cattle meat), when their volume decreased by -9.2% to 248K tons. In general, total imports indicated strong growth from January 2022 to September 2022: its volume increased at an average monthly rate of +6.4% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, imports decreased by -9.2% against August 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 29% against the previous month. Over the period under review, imports reached the maximum at 273K tons in August 2022, and then declined in the following month.
In value terms, beef imports contracted to $1.7B (IndexBox estimates) in September 2022. Overall, total imports indicated a buoyant expansion from January 2022 to September 2022: its value increased at an average monthly rate of +7.4% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, imports decreased by -12.3% against July 2022 indices. The pace of growth appeared the most rapid in March 2022 when imports increased by 28% m-o-m. Imports peaked at 1.9M tons in July 2022; however, from August 2022 to September 2022, imports stood at a somewhat lower figure.
China Beef Imports by Type
In September 2022, meat; of bovine animals, boneless cuts, frozen (210K tons) constituted the largest type of beef supplied to China, with a 85% share of total imports. Moreover, meat; of bovine animals, boneless cuts, frozen exceeded the figures recorded for the second-largest type, meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (33K tons), sixfold. Meat; of bovine animals, boneless cuts, fresh or chilled (5.6K tons) ranked third in terms of total imports with a 2.2% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of meat; of bovine animals, boneless cuts, frozen totaled +9.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen (-2.8% per month) and meat; of bovine animals, boneless cuts, fresh or chilled (+0.5% per month).
In value terms, meat; of bovine animals, boneless cuts, frozen ($1.5B) constituted the largest type of beef supplied to China, comprising 89% of total imports. The second position in the ranking was held by meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen ($115M), with a 6.8% share of total imports. It was followed by meat; of bovine animals, boneless cuts, fresh or chilled, with a 4.1% share.
China Beef Imports by Country
In September 2022, Brazil (112K tons) constituted the largest beef supplier to China, accounting for a 45% share of total imports. Moreover, beef imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (46K tons), twofold. The third position in this ranking was taken by New Zealand (21K tons), with an 8.6% share.
From January 2022 to September 2022, the average monthly growth rate of volume from Brazil stood at +29.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+3.1% per month) and New Zealand (+2.1% per month).
In value terms, Brazil ($783M) constituted the largest supplier of beef to China, comprising 46% of total imports. The second position in the ranking was held by Argentina ($255M), with a 15% share of total imports. It was followed by the United States, with an 11% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Brazil stood at +31.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+3.5% per month) and the United States (+4.7% per month).
This report provides an in-depth analysis of the beef market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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