Market Overview

Beef Import in China 2019-2023 - Import Volume Will Continue to Grow - ResearchAndMarkets.com

Share:

The "Research
Report on Beef Import in China, 2019-2023"
report has been
added to ResearchAndMarkets.com's offering.

With the development of China's economy and the improvement of living
standards, the demand for beef in China is rising.

The upward cattle breeding cost makes it difficult to sharply increase
the beef output in China. In response to the growing beef consumption,
China is importing more beef. From 2013 to 2017, the beef output volume
in China grew from 6,130,900 tons to 6,346,200 tons at a CAGR of only
0.9%, while the beef imports grew at a CAGR of nearly 24%.

The Chinese government's policies on beef import include restrictions
and incentives. On one hand, to control epidemics and support the
domestic beef industry, the Chinese government bans the import of cattle
and cattle products from high-risk countries and regions.

On the other hand, it signs trade agreements with some countries to cut
the tariffs on beef imports and increase the beef supply in China. The
government is strict with the sources of beef imports. Only the
countries and regions included in China Customs' List of Meat Eligible
for Export to China from Countries or Regions that Meet the Requirements
of Assessment and Review can export beef to China. In Nov. 2018, the
list included only 16 countries such as the U.S., Canada, Argentina,
Chile and Uruguay.

The beef imported to China include chilled beef and frozen beef. Frozen
beef has been the main stream of China's beef imports. From 2013 to
2017, the proportion of frozen beef in China's beef imports stayed above
96%. In 2017, this proportion reached about 99%.

China's beef imports mainly come from Brazil, Australia, Uruguay, New
Zealand and Argentina. In 2017, the five countries contributed more than
90% of both the import value and import volume of beef in China.

It was not until Jul. 2017 that U.S. beef was allowed to enter China.
Therefore, U.S. beef sells badly in China, and can hardly compete with
the beef from countries like Brazil and Australia. As U.S. beef, whether
by volume or value, takes up a small proportion of China's beef imports,
the Sino-U.S. trade war has little impact on the export of U.S beef. to
China.

Summary

According to this market research, China imposes high tariffs and
value-added tax on beef imports, and most countries in the world cannot
legally export beef to China. Therefore, many enterprises smuggle beef
to China. The smuggled beef mainly come from India and Brazil by water
transport and road transport.

By water transport, the smuggled beef is directly shipped from India and
Brazil to China's coastal ports, and then distributed to all parts of
the country. By road transport, the smuggled beef is transported via
Hong Kong to Shenzhen, or entered China via the border between Vietnam
and Guangxi.

In addition to the cheap beef from India and Brazil, Wagyu beef from
Japan and other types of high-end beef are also smuggled. Smuggled beef
and legally imported beef share similar end consumers, namely,
households, catering enterprises and food processing enterprises.

It is expected that the import volume of beef in China will continue to
grow from 2019 to 2023.

Topics Covered

  • The Chinese government's policies on beef import
  • Beef import in China
  • Major types of China's beef imports
  • Major sources of China's beef imports
  • Favorable and unfavorable factors influencing beef import in China
  • Prospect of beef import in China, 2019-2023

List of Chapters

1 Analysis on Beef Import in China

2 Classification and Major Consumers of Imported Beef in China

3 Analysis of Chilled Beef Import in China

4 Analysis on Frozen Beef Import in China, 2013-2018

5 Prospect of Beef Import in China, 2019-2023

For more information about this report visit https://www.researchandmarkets.com/research/2w7vp2/beef_import_in?w=4

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com