In 2023, China led the global beef and veal imports with substantial growth, a 21.33% increase year-on-year. The United States and South Korea also showed moderate growth, while Japan experienced a slight decline. Russia saw a notable reduction in imports by 9.01%, highlighting market fluctuations. Smaller importers like Vietnam and Uruguay showed robust growth rates of 16.95% and 15.85%, respectively. However, Algeria, Belarus, and Argentina faced sharp declines, reflecting economic or policy shifts impacting import levels over recent years.
Future trends to watch include:
- Potential shifts in China's import strategies and influence on global beef demand.
- Trade policy adjustments in the United States affecting import volumes.
- Rising demand in emerging markets like Vietnam, balancing global market dynamics.
Top countries in Beef and Veal Meat Import by Country
| # | 10 Countries | Thousand Metric Tons (Carcass Weight Equivalent) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,600 | 2023 | +2.8% | +21.33% | View data |
| 2 | 2 United States | 1,640 | 2023 | +6.7% | +3.83% | View data |
| 3 | 3 Japan | 750 | 2023 | -3.47% | -2.24% | View data |
| 4 | 4 South Korea | 600 | 2023 | +0.84% | +3.1% | View data |
| 5 | 5 Chile | 350 | 2023 | 0% | +2.59% | View data |
| 6 | 6 Malaysia | 280 | 2023 | -0.36% | +6.54% | View data |
| 7 | 7 Russia | 280 | 2023 | -1.41% | -9.01% | View data |
| 8 | 8 Egypt | 245 | 2023 | -9.26% | -3.97% | View data |
| 9 | 9 Canada | 225 | 2023 | +5.14% | -0.95% | View data |
| 10 | 10 Philippines | 200 | 2023 | -21.57% | +1.35% | View data |
