Eastern Asia: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Eastern Asia

The East Asian preserved cows meat market was estimated at $X in 2023, leveling off at the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Preserved Cows Meat Production in Eastern Asia

In value terms, preserved cows meat production amounted to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Preserved Cows Meat Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of prepared or preserved meat or offal of bovine animals decreased by X% to X tons in 2023. Over the period under review, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, preserved cows meat exports fell modestly to $X in 2023. In general, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Hong Kong SAR, Japan and Taiwan (Chinese) increased by X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Eastern Asia

In 2023, the amount of prepared or preserved meat or offal of bovine animals imported in Eastern Asia declined to X tons, falling by X% compared with 2022. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, preserved cows meat imports reduced to $X in 2023. Overall, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of preserved cows meat imports in 2023 were Hong Kong SAR (X tons), Japan (X tons) and China (X tons), together amounting to X% of total import. It was distantly followed by South Korea (X tons), constituting a X% share of total imports. Macao SAR (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, leveling off at the previous year. Import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved cows meat import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform