South-Eastern Asia: Frozen Beef Carcase Market 2020

Frozen Beef Carcase Market Size in South-Eastern Asia

The revenue of the frozen beef carcase market in South-Eastern Asia amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The frozen beef carcase consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the frozen beef carcase market attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Frozen Beef Carcase Exports in South-Eastern Asia

In 2017, the amount of frozen carcases of beef and veal exported in South-Eastern Asia totaled X tons, declining by -X% against the previous year. The total exports indicated a pronounced expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen beef carcase exports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015, when exports increased by X% year-to-year. In that year, the frozen beef carcase exports reached their peak volume of X tons. From 2016 to 2017, growth of the frozen beef carcase exports failed to regain its momentum.

In value terms, frozen beef carcase exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the frozen beef carcase exports attained their peak level of $X. From 2016 to 2017, growth of the frozen beef carcase exports failed to regain its momentum.

Frozen Beef Carcase Exports by Country in South-Eastern Asia

In 2017, Singapore (X tons) represented the largest exporter for frozen carcases of beef and veal, achieving X% of total exports. It was distantly followed by Malaysia (X tons), achieving X% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to frozen beef carcase exports from Singapore stood at +X%. At the same time, Myanmar (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of Myanmar (-X%), Malaysia (-X%) and Singapore (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen beef carcase markets worldwide were Singapore ($X), Malaysia ($X) and Myanmar ($X), together comprising X% of total exports.

Myanmar (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Export Prices by Country in South-Eastern Asia

In 2017, the frozen beef carcase export price in South-Eastern Asia amounted to $X per ton, declining by -X% against the previous year. The frozen beef carcase export price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2010, an increase of X% y-o-y. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Malaysia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Malaysia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Frozen Beef Carcase Imports in South-Eastern Asia

The imports stood at X tons in 2017, growing by X% against the previous year. The frozen beef carcase imports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2013, with an increase of X% against the previous year. Over the period under review, the frozen beef carcase imports reached its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, frozen beef carcase imports stood at $X in 2017. The frozen beef carcase imports continue to indicate a remarkable growth. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Frozen Beef Carcase Imports by Country in South-Eastern Asia

Vietnam represented the major importer of frozen carcases of beef and veal in South-Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2017. The Philippines (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%) and Indonesia (X%). Singapore (X tons) took the mild share of total imports.

Vietnam was also the fastest growing in terms of the frozen carcases of beef and veal imports, with a CAGR of +X% from 2007 to 2017. At the same time, Indonesia (+X%), the Philippines (+X%), Malaysia (+X%) and Singapore (+X%) displayed positive paces of growth. While the share of Indonesia (-X%), Malaysia (-X%), the Philippines (-X%) and Vietnam (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported frozen carcases of beef and veal in South-Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global imports. It was followed by the Philippines, with a X% share.

In Vietnam, frozen beef carcase imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the Philippines (+X% per year).

Frozen Beef Carcase Import Prices by Country in South-Eastern Asia

The frozen beef carcase import price in South-Eastern Asia stood at $X per ton in 2017, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, an increase of X% against the previous year. Over the period under review, the import prices for frozen carcases of beef and veal reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform