Asia: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Asia

The Asian preserved cows meat market declined to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Cows Meat Production in Asia

In value terms, preserved cows meat production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Preserved Cows Meat Exports

Exports in Asia

In 2022, exports of prepared or preserved meat or offal of bovine animals in Asia skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved cows meat exports soared to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Jordan (X tons) and China (X tons) were the key exporters of prepared or preserved meat or offal of bovine animals in Asia, together making up X% of total exports. Hong Kong SAR (X tons) ranks next in terms of the total exports with a X% share, followed by the United Arab Emirates (X%), India (X%) and Malaysia (X%). Turkey (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), China ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia, Hong Kong SAR, Turkey and India lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, saw slight growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports in Asia

Preserved cows meat imports stood at X tons in 2022, increasing by X% on the previous year. In general, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved cows meat imports reached $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. 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 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) represented the key importer of prepared or preserved meat or offal of bovine animals, achieving X% of total imports. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Singapore (X%), the United Arab Emirates (X%), Iraq (X%) and Kuwait (X%). Indonesia (X tons), South Korea (X tons), Lebanon (X tons), Kazakhstan (X tons) and Azerbaijan (X tons) took a little share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Kuwait (X%), the Philippines (X%), Kazakhstan (X%), Indonesia (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Singapore and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Japan (X%), Lebanon (X%) and Iraq (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Kuwait (X p.p.), Indonesia (X p.p.), South Korea (X p.p.), Japan (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

In Hong Kong SAR, preserved cows meat imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, flattening at the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved cows meat import price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, 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

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