Eastern Asia: Preserved Cows Meat Market 2025

Preserved Cows Meat Market Size in Eastern Asia

The East Asian preserved cows meat market totaled $X in 2021, almost unchanged from the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 -0.4% against 2019 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Preserved Cows Meat Production in Eastern Asia

In value terms, preserved cows meat production amounted to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports in Eastern Asia

In 2021, the amount of prepared or preserved meat or offal of bovine animals exported in Eastern Asia rose rapidly to X tons, picking up by 7.4% against the year before. Overall, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 when exports increased by 152%. 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 surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the largest exporter of prepared or preserved meat or offal of bovine animals, generating 76% of total exports. It was distantly followed by Hong Kong SAR (X tons), achieving an 18% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Japan (X tons) - each resulted at a 5.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved cows meat exports from China stood at -6.7%. At the same time, Japan (+53.5%) and Hong Kong SAR (+13.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +53.5% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of Hong Kong SAR and Japan increased by +14 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest preserved cows meat supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total exports. It was followed by Japan, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in China stood at -4.7%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+13.1% per year) and Japan (+63.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 38%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Eastern Asia

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported in Eastern Asia reduced to X tons, falling by -10.8% against 2020. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 60%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved cows meat imports expanded rapidly to $X in 2021. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by 29% 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 major importer of prepared or preserved meat or offal of bovine animals in Eastern Asia, with the volume of imports reaching X tons, which was approx. 64% of total imports in 2021. It was distantly followed by Japan (X tons), South Korea (X tons) and China (X tons), together mixing up a 32% share of total imports. The following importers - Macao SAR (X tons) and Taiwan (Chinese) (X tons) - each finished at a 3.9% share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -7.4% from 2012 to 2021. At the same time, China (+40.5%), Taiwan (Chinese) (+17.9%), Macao SAR (+5.3%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +40.5% from 2012-2021. By contrast, Japan (-3.7%) illustrated a downward trend over the same period. China (+5.9 p.p.), South Korea (+3.3 p.p.), Japan (+2.8 p.p.) and Taiwan (Chinese) (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -14.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled -3.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-6.0% per year) and South Korea (+9.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 18% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 +89.0% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 24%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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