Report Update Jan 1, 2025

Thailand - Fresh or Chilled Carcases of Beef and Veal - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Fresh Beef Carcase Market 2025

Fresh Beef Carcase Market Size in Thailand

The Thai fresh beef carcase market dropped modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Fresh Beef Carcase Production in Thailand

In value terms, fresh beef carcase production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 36%. Fresh beef carcase production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports from Thailand

In 2022, shipments abroad of fresh or chilled carcases of beef and veal decreased by 0% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 342,964%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh beef carcase exports amounted to $X in 2022. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 330,448%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X kg) was the main destination for fresh beef carcase exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh was relatively modest.

Export Prices by Country

In 2022, the average fresh beef carcase export price amounted to $X per ton, stabilizing at the previous year. In general, the export price saw a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +7.0% per year.

Fresh Beef Carcase Imports

Imports into Thailand

In 2022, overseas purchases of fresh or chilled carcases of beef and veal increased by 39% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports saw a buoyant expansion. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fresh beef carcase imports soared to $X in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 101% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Australia (X tons) was the main supplier of fresh beef carcase to Thailand, with a 98% share of total imports. It was followed by the United States (X tons), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled +10.3%.

In value terms, Australia ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Thailand, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +22.3%.

Import Prices by Country

The average fresh beef carcase import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when the average import price increased by 133%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled carcases of beef and veal in the world?

The country with the largest volume of fresh beef carcase consumption was China, accounting for 17% of total volume. Moreover, fresh beef carcase consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of fresh or chilled carcases of beef and veal in the world?

The country with the largest volume of fresh beef carcase production was China, accounting for 17% of total volume. Moreover, fresh beef carcase production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.3% share.

What are the leading suppliers of fresh or chilled carcases of beef and veal to Thailand?

In value terms, Australia constituted the largest supplier of fresh beef carcase to Thailand.

What is the average export price for fresh or chilled carcases of beef and veal in Thailand?

The average fresh beef carcase export price stood at $6,260 per ton in 2021, almost unchanged from the previous year.

What is the average import price for fresh or chilled carcases of beef and veal in Thailand?

In 2021, the average fresh beef carcase import price amounted to $7,726 per ton, growing by 4.8% against the previous year.

This report provides an in-depth analysis of the fresh beef carcase market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10111140 - Fresh or chilled carcases, half-carcases and quarters with bone in, of beef and veal

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024