The global beef and veal import trends in 2023 show China leading with a significant import share, followed by the United States, Japan, and South Korea. China's import growth surged by 21.33%, contributing to its substantial market dominance. The United States and South Korea also witnessed growth in imports, whereas Japan and Russia experienced declines. Markets such as Vietnam and Uruguay recorded notable growth, indicating increasing demand. On the contrary, countries like Belarus, South Africa, and Argentina saw significant declines due to various economic factors. Other regions such as Saudi Arabia and Kazakhstan displayed impressive year-on-year growth, suggesting shifting import dynamics.
For future trends, an eye should be kept on China's continued influence and its capacity to drive global demand. Additionally, follow emerging markets like Vietnam and Uruguay for potential growth opportunities. The market is susceptible to geopolitical impacts, trade policies, and economic conditions affecting supply chains, making it crucial to monitor these factors closely for evolving trends.
Top countries in Beef and Veal Meat Import Share by Country (Thousand Metric Tons (Carcass Weight Equivalent))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 34.78 | 2023 | +2.8% | +21.33% | View data |
| 2 | 2 United States | 15.85 | 2023 | +6.7% | +3.83% | View data |
| 3 | 3 Japan | 7.25 | 2023 | -3.47% | -2.24% | View data |
| 4 | 4 South Korea | 5.8 | 2023 | +0.84% | +3.1% | View data |
| 5 | 5 Chile | 3.38 | 2023 | 0% | +2.59% | View data |
| 6 | 6 Malaysia | 2.71 | 2023 | -0.36% | +6.54% | View data |
| 7 | 7 Russia | 2.71 | 2023 | -1.41% | -9.01% | View data |
| 8 | 8 Egypt | 2.37 | 2023 | -9.26% | -3.97% | View data |
| 9 | 9 Canada | 2.17 | 2023 | +5.14% | -0.95% | View data |
| 10 | 10 Philippines | 1.93 | 2023 | -21.57% | +1.35% | View data |
