Salted, in brine, dried or smoked beef market in Eastern Asia

Earlier Report Observations

The salted, in brine, dried or smoked beef market in Eastern Asia entered the period in an early development phase. After a significant contraction, the market recovered strongly in 2020, driven by heightened demand for ready-to-eat meat products as the COVID-19 pandemic changed consumption patterns. This demand shift supported market volume growth into 2021, even as regulatory attention on the health risks of processed meats introduced new guidelines for consumers.

Growth accelerated markedly in 2022 following China's implementation of a zero-tariff policy on beef imports from Australia. This policy change spurred a substantial rise in import volumes, pushing total market supply to a peak of nearly 27 800 tonnes. However, by 2023, the market volume moderated to around 22 900 tonnes. During this phase, high cattle inventory levels exerted downward pressure on prices, while the industry simultaneously advanced in disease prevention technology and standardized farming practices.

Production salted, in brine, dried or smoked beef in Eastern Asia

In kind, 2017-2020, t

Top producers of salted, in brine, dried or smoked beef, 2017-2020

World map of production of salted, in brine, dried or smoked beef, 2017-2020

The market demonstrated significant volatility during the observed period. Production volumes varied considerably, with the lowest point recorded in 2017 and the highest in 2018, showing a 2.2-fold difference between these years. In 2020, Eastern Asia produced 12 360 tons of salted, in brine, dried or smoked beef, representing a 32.9% increase compared to the previous year. The peak production level was reached in 2018 at 12 587 tons. The most substantial decline occurred in 2019 with a 26.1% decrease, while the largest increase was observed in 2018 with a 122.6% growth.

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

In value, 2017-2020, M $ US

The market exhibited notable volatility throughout the period under review. The lowest value was recorded in 2017, while the highest occurred in 2020, with a threefold difference between these extremes. In 2020, the output of salted, in brine, dried or smoked beef in Eastern Asia was valued at 129.3 million US dollars, marking a 44.3% increase from the previous year. The most significant decline took place in 2019 with an 11.1% decrease, while the largest increase was registered in 2018 with a 130.5% rise.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Exports salted, in brine, dried or smoked beef from Eastern Asia

Exports in kind, t

The market showed an unstable trend during the timeframe. Exports reached their lowest point in 2018 and peaked in 2020, with a 2.2-fold difference between these years. In 2020, salted, in brine, dried or smoked beef deliveries from Eastern Asia totaled 45 tons, representing a sharp 71.2% increase compared to the prior year. The minimum volume was recorded in 2018 at 21 tons. The most substantial decline occurred in 2018 with a 42.7% decrease.

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

From 2017 to 2020, Russia remained the primary buyer of salted, in brine, dried or smoked beef from Eastern Asia, accounting for 11.2% of total exports in volume terms.

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

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

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. The minimum value was recorded in 2018, while the maximum occurred in 2020, with a 2.8-fold variation between these points. In 2020, salted, in brine, dried or smoked beef exports from Eastern Asia totaled 470 thousand US dollars, which is 86.0% higher than the previous year. The lowest value was 165 thousand US dollars in 2018. The most significant decline took place in 2018 with a 40.7% decrease.

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

Between 2017 and 2020, Russia and the United States remained the primary destinations in the geographical structure of exports in value terms, together accounting for 10.6% of total flows.

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

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

Imports salted, in brine, dried or smoked beef to Eastern Asia

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports reached their lowest point in 2019 and peaked in 2020, with a 9.2-fold gap between these years. In 2020, imported volumes of salted, in brine, dried or smoked beef in Eastern Asia totaled 3 646 tons, constituting an 816.5% year-over-year increase. The minimum volume was recorded in 2019 at 398 tons. The largest decline occurred in 2019 with an 88.4% decrease.

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

From 2017 to 2020, three main markets — Canada, the United States, and Vietnam — together absorbed 73.1% of total imports in volume terms of salted, in brine, dried or smoked beef to Eastern Asia.

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

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

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import values dropped to their minimum in 2019 and climbed to their maximum in 2018, showing a 6.3-fold shift between these points. In 2020, salted, in brine, dried or smoked beef imports in Eastern Asia amounted to 11 801 thousand US dollars, constituting a 341.2% year-over-year increase. The minimum value was recorded in 2019 at 2 675 thousand US dollars, while the maximum value was reached in 2018 at 16 914 thousand US dollars. The largest decline occurred in 2019 with an 84.2% decrease.

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

Between 2017 and 2020, three principal markets — Canada, the United States, and Vietnam — together accounted for 75.3% of total imports in value terms of salted, in brine, dried or smoked beef to Eastern Asia.

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

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