Asia-Pacific: Preserved Beef Market 2025

Preserved Beef Market Size in Asia-Pacific

In 2021, the Asia-Pacific preserved beef market decreased by -1.2% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Preserved Beef Production in Asia-Pacific

In value terms, preserved beef production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Preserved Beef Exports

Exports in Asia-Pacific

In 2021, the amount of beef and veal (salted, in brine, dried or smoked) exported in Asia-Pacific surged to X tons, rising by 183% compared with 2020 figures. In general, exports, however, saw a abrupt decline. 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 soared to $X in 2021. Overall, exports, however, showed a slight setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India represented the major exporting country with an export of about X tons, which finished at 55% of total exports. It was distantly followed by Malaysia (X tons) and Hong Kong SAR (X tons), together comprising a 30% share of total exports. Bangladesh (X tons), Japan (X tons), Pakistan (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -3.1% from 2012 to 2021. At the same time, Hong Kong SAR (+105.2%), Lao People's Democratic Republic (+78.3%), Malaysia (+77.7%), Japan (+20.1%), Bangladesh (+9.4%) and Pakistan (+6.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +105.2% from 2012-2021. Malaysia (+22 p.p.), India (+11 p.p.), Hong Kong SAR (+8.1 p.p.), Japan (+2.7 p.p.), Bangladesh (+2.4 p.p.), Pakistan (+2 p.p.) and Lao People's Democratic Republic (+1.9 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, India ($X) emerged as the largest preserved beef supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +1.7%. In the other countries, the average annual rates were as follows: Malaysia (+71.0% per year) and Hong Kong SAR (+77.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, which is down by -23.1% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the export price increased by 44%. The level of export peaked at $X per ton in 2020, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.6%), while the other leaders experienced more modest paces of growth.

Preserved Beef Imports

Imports in Asia-Pacific

In 2021, the amount of beef and veal (salted, in brine, dried or smoked) imported in Asia-Pacific soared to X tons, growing by 87% against the year before. Over the period under review, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 when imports increased by 378% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved beef imports surged to $X in 2021. Overall, imports continue to indicate a slight increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR dominates imports structure, finishing at X tons, which was approx. 96% of total imports in 2021. China (X tons) took a minor share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) imports, with a CAGR of +88.6% from 2012 to 2021. China (-6.4%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+96 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Asia-Pacific, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR amounted to +64.7%.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 40% against the previous year. Over the period under review, the import price saw tangible growth. The most prominent rate of growth was recorded in 2016 when the import price increased by 144%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%).

Source: IndexBox Platform

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