Market research

Beef and buffalo meat market in Macao

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The beef and buffalo meat market in Macao showed considerable volatility in volume between 2018 and 2023. Starting at 7,607 t in 2018, consumption surged by 29% to 9,818 t the following year. This was followed by a sharp 40% contraction in 2020, bringing the market down to 5,848 t. A partial recovery of 15% occurred in 2021, but volume dipped again by 10% in 2022 before a strong 57% rebound in 2023 lifted the market to 9,497 t, its highest point in the recorded period.

The market's trajectory after 2020 was marked by alternating annual gains and losses, culminating in the 2023 volume exceeding the previous peak from 2019 by over 3,400 t. This final year's level represented a more than 60% increase from the low point in 2020.

In 2024, several notable developments took place in the sector. Twenty-four local SMEs showcased 'Made in Macao' beef and buffalo meat products at a major international food exhibition, introducing them into large local supermarkets. New domestic manufacturers, such as Macau Ideas with its beef meatballs, entered the local market. A cooperation agreement implemented from 2024 streamlined customs clearance and inspection for about ten types of Macao meat products exported to mainland China. Furthermore, the historic Red Market, a key venue for fresh meat retail, reopened after renovation works and previous pandemic-related closures.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Macao
  1. 5.1.1. Annual dynamics of production in Macao in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Macao in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Macao in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Macao by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Macao in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Macao by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Macao, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Macao by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Macao in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Macao by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Macao in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Macao by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Macao, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Macao by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Macao in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Macao by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Macao in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Macao by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Macao, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Macao by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Macao in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Macao by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Macao in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Macao by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Macao, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Macao by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef and buffalo meat in Macao

In kind, 2017-2020, t

Top producers of beef and buffalo meat, 2017-2020

Source: SHEV.io

World map of production of beef and buffalo meat, 2017-2020

Source: SHEV.io

Beef and buffalo meat production in Macao declined for the third consecutive year. In 2020, production remained virtually unchanged from 2019 at 766.7 t. Over the period from 2017 to 2020, production decreased by 5.4%, with a compound annual growth rate of -1.8%.

Annual dynamics of production in Macao in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.5%)	(2.7%)	(0.3%)	(1.8%)

Source: SHEV.io

Exports beef and buffalo meat from Macao

Exports in kind, t

In 2018, beef and buffalo meat exports from Macao stood at 3 t, marking a year-over-year decline of 27.0%.

Annual dynamics of product's exports from Macao in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.0%)	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Hong Kong remained the almost exclusive buyer of beef and buffalo meat from Macao, accounting for 95.2% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Macao in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2018, Macao exported 28 000 US dollars worth of beef and buffalo meat, representing a strong increase of 15.7% compared to 2017.

Annual dynamics of product's exports from Macao in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.7%	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, the two leading destinations — Hong Kong and China — together accounted for 100.0% of the total export value of beef and buffalo meat from Macao.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Macao in value, 2017-2020

Source: SHEV.io

Imports beef and buffalo meat to Macao

Imports in kind, t

After a two-year improvement, beef and buffalo meat imports to Macao declined. In 2020, imports totaled 5 080 t, down by 43.9% compared to 2019. Between 2017 and 2020, imports decreased by 6.2%, equating to an annualized rate of -2.1%. The maximum volume was recorded in 2019 at 9 050 t, which also saw the largest increase of 32.7%.

Annual dynamics of product's imports to Macao in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	25.9%	32.7%	(43.9%)	(2.1%)

Source: SHEV.io

From 2017 to 2020, Brazil (47.8% of imports in kind), the United States (27.9% of imports in kind), and Canada (6.4% of imports in kind) formed the key group of partners for beef and buffalo meat imports to Macao, jointly representing 82.1% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Macao in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After a two-year gain, imported beef and buffalo meat volumes to Macao declined. In 2020, the import value stood at 34 097 000 US dollars, reflecting a steep loss of 26.8% compared with 2019. Over the period from 2017 to 2020, imports increased by 4.7%, with a compound annual growth rate of 1.5%. The maximum value was recorded in 2019 at 46 554 000 US dollars, while the largest increase occurred in 2018 at 27.3%.

Annual dynamics of product's imports to Macao in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	27.3%	12.3%	(26.8%)	1.5%

Source: SHEV.io

Throughout 2017–2020, the United States (34.9% of imports in value terms), Brazil (31.6% of imports in value terms), and Japan (10.0% of imports in value terms) formed the core group of markets for beef and buffalo meat imports in value terms, together representing 76.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Macao in value, 2017-2020

Source: SHEV.io