Eastern Asia: Preserved Beef Market 2025

Preserved Beef Market Size in Eastern Asia

In 2021, the East Asian preserved beef market increased by 1.1% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Preserved Beef Production in Eastern Asia

In value terms, preserved beef production fell to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Preserved Beef Exports

Exports in Eastern Asia

In 2021, shipments abroad of beef and veal (salted, in brine, dried or smoked) increased by 4,801% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR was the largest exporter of beef and veal (salted, in brine, dried or smoked) in Eastern Asia, with the volume of exports resulting at X tons, which was near 71% of total exports in 2021. It was distantly followed by Japan (X tons), comprising a 26% share of total exports. China (X tons) took a minor share of total exports.

Hong Kong SAR was also the fastest-growing in terms of the beef and veal (salted, in brine, dried or smoked) exports, with a CAGR of +105.2% from 2012 to 2021. At the same time, Japan (+20.1%) displayed positive paces of growth. By contrast, China (-17.4%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+70 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-4.2 p.p.) and China (-58 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +77.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, reducing by -73.8% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 100%. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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 a decline in the export price figures.

Preserved Beef Imports

Imports in Eastern Asia

In 2021, approx. X tons of beef and veal (salted, in brine, dried or smoked) were imported in Eastern Asia; rising by 89% compared with the previous year. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,130% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, preserved beef imports soared to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 491% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR prevails in imports structure, recording X tons, which was near 98% of total imports in 2021. China (X tons) held a little 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 (+89 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-86.3 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Eastern Asia, comprising 95% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports.

In Hong Kong SAR, preserved beef imports expanded at an average annual rate of +64.7% over the period from 2012-2021.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 45% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when the import price increased by 61% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR amounted to $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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