South-Eastern Asia: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in South-Eastern Asia

The Southeast Asian preserved cows meat market contracted to $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated tangible growth 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 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Preserved Cows Meat Production in South-Eastern Asia

In value terms, preserved cows meat production declined slightly to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Preserved Cows Meat Exports

Exports in South-Eastern Asia

In 2023, exports of prepared or preserved meat or offal of bovine animals in South-Eastern Asia rose significantly to X tons, picking up by X% compared with the year before. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, preserved cows meat exports rose remarkably to $X in 2023. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia represented the key exporter of prepared or preserved meat or offal of bovine animals in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by the Philippines (X tons) and Singapore (X tons), together achieving a X% share of total exports. The following exporters - Vietnam (X tons) and Lao People's Democratic Republic (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to preserved cows meat exports from Malaysia stood at X%. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest preserved cows meat supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Malaysia, preserved cows meat exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in purchases abroad of prepared or preserved meat or offal of bovine animals, which increased by X% to X tons in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, preserved cows meat imports declined to $X in 2023. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Singapore was the main importer of prepared or preserved meat or offal of bovine animals in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Thailand (X%).

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved cows meat importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and the Philippines ($X), together accounting for X% of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform