ASEAN: Preserved Beef Market 2025

Preserved Beef Market Size in ASEAN

The ASEAN preserved beef market dropped modestly to $X in 2021, shrinking by -4.4% against the previous year. Overall, consumption showed a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Beef Production in ASEAN

In value terms, preserved beef production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight decline. The growth pace was the most rapid in 2018 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports in ASEAN

Preserved beef exports rose notably to X tons in 2021, growing by 15% on the year before. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 210%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved beef exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 140%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia prevails in exports structure, reaching X tons, which was near 86% of total exports in 2021. Lao People's Democratic Republic (X tons) held a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (6%).

From 2012 to 2021, average annual rates of growth with regard to preserved beef exports from Malaysia stood at +77.7%. At the same time, Lao People's Democratic Republic (+78.3%) and Vietnam (+50.8%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +78.3% from 2012-2021. Malaysia (+85 p.p.), Lao People's Democratic Republic (+7.2 p.p.) and Vietnam (+6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest preserved beef supplier in ASEAN, comprising 67% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +71.0%. In the other countries, the average annual rates were as follows: Vietnam (+61.1% per year) and Lao People's Democratic Republic (+78.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, which is down by -18.6% against the previous year. In general, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 278%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the other leaders experienced a decline in the export price figures.

Preserved Beef Imports

Imports in ASEAN

In 2021, approx. X tons of beef and veal (salted, in brine, dried or smoked) were imported in ASEAN; surging by 8.7% on 2020. In general, imports, however, recorded a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of 123%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved beef imports soared to $X in 2021. Over the period under review, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2018 when imports increased by 155% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Myanmar represented the major importing country with an import of about X tons, which finished at 66% of total imports. Lao People's Democratic Republic (X tons) took the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together held near 24% share of total imports. The following importers - Singapore (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up 9% of total imports.

Imports into Myanmar decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, the Philippines (+15.8%) and Singapore (+11.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +15.8% from 2012-2021. By contrast, Malaysia (-14.0%), Vietnam (-16.6%) and Lao People's Democratic Republic (-48.6%) illustrated a downward trend over the same period. While the share of Myanmar (+65 p.p.), Vietnam (+7.1 p.p.), Singapore (+4.2 p.p.), the Philippines (+2.4 p.p.) and Malaysia (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Lao People's Democratic Republic (-31.7 p.p.) displayed negative dynamics.

In value terms, Myanmar ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in ASEAN, comprising 63% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 16% share of total imports. It was followed by Singapore, with an 11% share.

In Myanmar, preserved beef imports decreased by an average annual rate of -2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (-40.2% per year) and Singapore (+25.0% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, increasing by 5.9% against the previous year. Over the period under review, the import price saw a prominent increase. The growth pace was the most rapid in 2016 when the import price increased by 183% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+16.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform