Prepared or preserved beef and offal market in South-eastern Asia

Earlier Report Observations

The market for prepared or preserved beef and offal in South-eastern Asia saw its volume decline from 15 631 t in 2018 to 12 541 t in 2020. During this period, a shift in consumer behavior across the region, particularly in Thailand, toward greater emphasis on health and convenience began influencing demand for processed meat products.

Market volume recovered to 13 869 t in 2021. This rebound coincided with the food sector's relative resilience during the COVID-19 crisis and sustained consumer focus on convenient and healthier options. A slight further increase to 14 155 t followed in 2022, before the volume decreased again to 13 475 t in 2023.

The year 2024 was marked by several significant market developments. These included the launch of halal Hanwoo beef from South Korea in Malaysia, the opening of a new beef processing plant by Masan MEATLife in Vietnam, and Singapore's formal regulatory acceptance of cultivated meat alongside stricter food safety standards for imported and processed meats.

Production prepared or preserved beef and offal in South-eastern Asia

In kind, 2017-2020, t

Top producers of prepared or preserved beef and offal, 2017-2020

World map of production of prepared or preserved beef and offal, 2017-2020

Production of prepared or preserved beef and offal in South-eastern Asia has declined for the third year in a row. In 2020, the region produced 4,482 tonnes, marking a significant year-on-year decrease of 17.3%. Looking at the period from 2017 to 2020, production fell by 36.2%, which translates to an average annual decline of 13.9%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, t

Exports prepared or preserved beef and offal from South-eastern Asia

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Exports hit their lowest point in 2017, then peaked in 2018 with a 3.2-fold difference between these years. In 2020, shipments from South-eastern Asia to abroad totaled 1,598 tonnes, a sharp drop of 44.5% compared to the previous year. The highest volume was recorded in 2018 at 4,160 tonnes, with the largest increase that year reaching 219.5%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, the United Arab Emirates (10.1% of exports in kind), China (8.5%), and Hong Kong (7.2%) were the top buyers of prepared or preserved beef and offal from South-eastern Asia. However, their combined share was only 25.8% of total exports in kind, indicating a diversified market structure with many other destinations.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Market behavior during these years was marked by volatility. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.8-fold difference between these years. In 2020, South-eastern Asia exported prepared or preserved beef and offal worth 19,711 thousand US dollars, down 22.0% from the prior year. The highest value was recorded in 2019 at 25,268 thousand US dollars, with the largest increase occurring in 2018 at 123.8%.

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

Between 2017 and 2020, prepared or preserved beef and offal from South-eastern Asia was exported to a wide range of markets. Even the largest destinations—China, the United Arab Emirates, and Hong Kong—together accounted for just 24.6% of total exports in value terms, highlighting the market's diversity.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports prepared or preserved beef and offal to South-eastern Asia

Imports in kind, t

Imports of prepared or preserved beef and offal into South-eastern Asia fell for the second consecutive year. In 2020, imports amounted to 9,657 tonnes, showing a substantial decline of 19.9% compared to 2019. Over the period from 2017 to 2020, imports decreased by 11%, equivalent to an average annual rate of 3.8%. The highest volume was recorded in 2018 at 12,917 tonnes, with the largest increase that year at 19.1%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Australia (65.2% of imports in kind), Brazil (8.4%), and New Zealand (4.0%) remained the leading suppliers of prepared or preserved beef and offal to South-eastern Asia. Together, they accounted for 77.6% of total imports in kind, dominating the supply structure.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

In 2020, the value of prepared or preserved beef and offal imports into South-eastern Asia reached 67,036 thousand US dollars, representing a 12.9% increase over the previous year. Over the 2017-2020 period, imports grew by 39.2%, with a compound annual growth rate of 11.6%. The largest decline was recorded in 2019 at 2.9%, while the largest increase occurred in 2018 at 26.8%.

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

During 2017-2020, Australia (66.3% of imports in value terms), Brazil (6.0%), and New Zealand (5.4%) consistently held the top positions in the import structure by value. Collectively, they made up 77.7% of total import flows, underscoring their dominant role in the market.

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

World map of product's imports to South-eastern Asia in value, 2017-2020