Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China - 2022
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China (CIF) - 2022
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China (CIF) - 2022
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $5,636 per ton in 2022, rising by 16% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled carcasses and half-carcasses of bovine meat increased by +42.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +35.7% per year.
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China
Imports of fresh or chilled carcasses and half-carcasses of bovine meat into China dropped to 39 tons in 2022, with a decrease of -6.1% on the previous year's figure. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 42 tons, and then declined in the following year.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat expanded significantly to $220K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.0 | 6.0 | 115 | 183 | 87.0% |
| New Zealand | N/A | N/A | 59.0 | N/A | 0% |
| United Kingdom | 1.3 | 137 | 4.8 | N/A | 92.2% |
| Serbia | 65.1 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 22.6 | N/A | 0% |
| Canada | 37.4 | N/A | N/A | N/A | 0% |
| Others | 1.5 | N/A | N/A | 36.6 | 190.0% |
| Total | 133 | 143 | 201 | 220 | 18.3% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to China in 2022:
- United States (36.8 tons)
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