South-Eastern Asia: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in South-Eastern Asia

The Southeast Asian fresh beef carcase market reduced slightly to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Fresh Beef Carcase Production in South-Eastern Asia

In value terms, fresh beef carcase production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Fresh Beef Carcase Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded decline in shipments abroad of fresh or chilled carcases of beef and veal, which decreased by X% to X tons in 2023. Overall, exports showed a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, fresh beef carcase exports shrank remarkably to $X in 2023. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Singapore represented the key exporter of fresh or chilled carcases of beef and veal in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Indonesia (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%).

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2023. Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest fresh beef carcase supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted markedly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Fresh Beef Carcase Imports

Imports in South-Eastern Asia

In 2023, imports of fresh or chilled carcases of beef and veal in South-Eastern Asia fell to X tons, reducing by X% on the previous year. Overall, imports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fresh beef carcase imports dropped to $X in 2023. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The purchases of the six major importers of fresh or chilled carcases of beef and veal, namely Singapore, the Philippines, Malaysia, Vietnam, Thailand and Indonesia, represented more than two-thirds of total import. Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform