China: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in China

In 2021, the Chinese preserved cows meat market decreased by -1% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.1% against 2016 indices. Preserved cows meat consumption peaked at $X in 2020, and then fell in the following year.

Preserved Cows Meat Production in China

In value terms, preserved cows meat production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Preserved cows meat production peaked at $X in 2020, and then reduced slightly in the following year.

Preserved Cows Meat Exports

Exports from China

In 2021, after two years of decline, there was significant growth in shipments abroad of prepared or preserved meat or offal of bovine animals, when their volume increased by 5.2% to X tons. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 7.6%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved cows meat exports expanded markedly to $X in 2021. In general, exports, however, recorded a noticeable downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for preserved cows meat exports from China, accounting for a 20% share of total exports. Moreover, preserved cows meat exports to Japan exceeded the volume sent to the second major destination, Burundi (X tons), fivefold. Gambia (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+7.5% per year) and Gambia (+20.8% per year).

In value terms, Japan ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from China, comprising 36% of total exports. The second position in the ranking was taken by Burundi ($X), with a 2.3% share of total exports. It was followed by the Philippines, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+7.5% per year) and the Philippines (+24.6% per year).

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, rising by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into China

In 2021, overseas purchases of prepared or preserved meat or offal of bovine animals decreased by -50.5% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 4,892% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved cows meat imports dropped sharply to $X in 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 5,134% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mongolia (X tons) was the main supplier of preserved cows meat to China, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Mongolia totaled +61.4%.

In value terms, Mongolia ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to China.

From 2012 to 2021, the average annual rate of growth in terms of value from Mongolia amounted to +49.6%.

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, picking up by 4.4% against the previous year. In general, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 36%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Mongolia.

From 2012 to 2021, the rate of growth in terms of prices for Mongolia amounted to -7.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :