Report Update Jan 1, 2025

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

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U.S.: Fresh Beef Carcase Market 2025

Fresh Beef Carcase Market Size in the U.S.

The U.S. fresh beef carcase market reduced modestly to $X in 2022, which is down by -3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Fresh Beef Carcase Production in the U.S.

In value terms, fresh beef carcase production contracted slightly to $X in 2022. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports from the U.S.

Fresh beef carcase exports from the United States declined remarkably to X tons in 2022, with a decrease of -20.3% on the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, fresh beef carcase exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Canada (X tons), South Korea (X tons) and Mexico (X tons) were the main destinations of fresh beef carcase exports from the United States, together comprising 74% of total exports. The Netherlands, Japan, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +69.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh beef carcase exported from the United States were Canada ($X), South Korea ($X) and Mexico ($X), together accounting for 75% of total exports. Japan, the Netherlands, Taiwan (Chinese) and China lagged somewhat behind, together comprising a further 16%.

China, with a CAGR of +66.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into the U.S.

In 2022, after eight years of growth, there was significant decline in purchases abroad of fresh or chilled carcases of beef and veal, when their volume decreased by -16% to X tons. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, fresh beef carcase imports contracted dramatically to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest fresh beef carcase supplier to the United States, with a 67% share of total imports. Moreover, fresh beef carcase imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +7.4%.

In value terms, Mexico ($X) and Canada ($X) constituted the largest fresh beef carcase suppliers to the United States.

Among the main suppliers, Canada, with a CAGR of +14.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, dropping by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest fresh beef carcase consuming country worldwide, comprising approx. 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. India ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of fresh or chilled carcases of beef and veal to the U.S.?

In value terms, Mexico, Canada and Nicaragua were the largest fresh beef carcase suppliers to the United States, together comprising 98% of total imports.

What are the leading importers of fresh or chilled carcases of beef and veal from the U.S.?

In value terms, South Korea, Canada and Mexico were the largest markets for fresh beef carcase exported from the United States worldwide, together comprising 78% of total exports.

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

In 2021, the average fresh beef carcase export price amounted to $8,861 per ton, with a decrease of -6.6% against the previous year.

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

The average fresh beef carcase import price stood at $8,035 per ton in 2021, jumping by 29% against the previous year.

This report provides an in-depth analysis of the fresh beef carcase market in the U.S.. 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:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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