China leads the global market in 2023 as the top importer of frozen meat of bovine animals, valued at 2.46 billion USD. The United States follows closely with 2.24 billion USD. Noteworthy importers include Hong Kong, South Korea, and Egypt, highlighting diverse global demand. Import values reflect stable growth, with some regions experiencing more dynamic changes in demand based on economic conditions and dietary trends reporting a gradual CAGR over the past five years.
Future trends indicate a potential increase in demand driven by rising population and income levels, especially in Asian countries. Monitoring shifts in trade policies, sustainability concerns, and competitive livestock alternatives will be crucial in shaping the market outlook.
Top countries in Top Importers of Frozen Meat of Bovine Animals
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 2,460 | 2016 | |
| 2 | 2 United States | 2,240 | 2016 | |
| 3 | 3 Hong Kong | 1,590 | 2016 | |
| 4 | 4 South Korea | 1,540 | 2016 | |
| 5 | 5 Egypt | 1,000 | 2016 | |
| 6 | 6 Japan | 993.4 | 2016 | |
| 7 | 7 Russia | 830.98 | 2016 | |
| 8 | 8 Israel | 486.05 | 2016 | |
| 9 | 9 Malaysia | 475.12 | 2016 | |
| 10 | 10 Indonesia | 447.06 | 2016 |
