Asia-Pacific: Preserved Cows Meat Market 2025

Preserved Cows Meat Market Size in Asia-Pacific

The Asia-Pacific preserved cows meat market stood at $X in 2021, surging by 2.2% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.2% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Preserved Cows Meat Production in Asia-Pacific

In value terms, preserved cows meat production reached $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.7% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Cows Meat Exports

Exports in Asia-Pacific

In 2021, exports of prepared or preserved meat or offal of bovine animals in Asia-Pacific surged to X tons, jumping by 15% compared with 2020. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 38%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved cows meat exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from New Zealand (X tons), Australia (X tons) and China (X tons), together amounting to 75% of total export. India (X tons) ranks next in terms of the total exports with a 5.1% share, followed by Hong Kong SAR (4.8%). The following exporters - Malaysia (X tons) and Vietnam (X tons) - together made up 7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +54.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved cows meat supplying countries in Asia-Pacific were New Zealand ($X), Australia ($X) and China ($X), with a combined 84% share of total exports. These countries were followed by Malaysia, Hong Kong SAR, Vietnam and India, which together accounted for a further 9.7%.

In terms of the main exporting countries, Vietnam, with a CAGR of +60.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the export price increased by 19% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Asia-Pacific

In 2021, approx. X tons of prepared or preserved meat or offal of bovine animals were imported in Asia-Pacific; falling by -4% on the year before. In general, imports showed a pronounced setback. The growth pace was the most rapid in 2013 with an increase of 46%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preserved cows meat imports expanded sharply to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Hong Kong SAR was the main importer of prepared or preserved meat or offal of bovine animals in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. 36% of total imports in 2021. Australia (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Japan (11%), Singapore (7.4%), the Philippines (5.5%) and Indonesia (5.1%). The following importers - South Korea (X tons), China (X tons) and New Zealand (X tons) - together made up 10% of total imports.

From 2012 to 2021, average annual rates of growth with regard to preserved cows meat imports into Hong Kong SAR stood at -7.4%. At the same time, China (+40.5%), the Philippines (+19.3%), Indonesia (+10.9%), Australia (+4.7%), South Korea (+2.5%) and Singapore (+2.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +40.5% from 2012-2021. By contrast, Japan (-3.7%) and New Zealand (-5.4%) illustrated a downward trend over the same period. Australia (+5.8 p.p.), the Philippines (+4.6 p.p.), Indonesia (+3.5 p.p.), China (+3.3 p.p.) and Singapore (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -22% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was taken by Australia ($X), with a 15% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR amounted to -3.3%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+7.4% per year) and Japan (-6.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 15% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat import price increased by +80.9% against 2014 indices. The growth pace was the most rapid in 2016 an increase of 24%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+31.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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