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Since entering the 21st century, consumers’ demand for beef quality has gradually increased, and global beef production has shown a continuous growth trend as a whole. According to industry survey data, the global beef production in 2021 will be about 57.78 million metric tons, of which the United States, Brazil China and other countries account for a relatively large proportion, and the three account for more than 50% of the global market, with a high degree of concentration. This article focuses on analyzing various aspects of the current status of the global beef industry.
Overview of the beef industry
1. Industry definition
Beef refers to the meat obtained from livestock cattle. It is one of the common types of edible meat in daily life. It mainly comes from dairy cows, bulls and heifers. It is rich in protein and amino acids and other substances. Depending on the feeding method It can be divided into grass-fed beef and grain-fed beef; according to different parts, it can be divided into shoulder meat, beef ribs, ribeye (beef tenderloin), beef tendon and sirloin, etc.
2. Industrial chain
From the perspective of the beef industry chain, the upstream is mainly cattle breeding and feed processing; the midstream is slaughtering and processing; the downstream is the beef consumer market, including supermarkets, catering, farmers’ markets and online channels.
Overview of the status quo of the global beef industry
1. Market output
According to the industry survey data of Beijing Yanjing Bizhi, the global beef market output will be about 57.62 million metric tons in 2020, a year-on-year decrease of about 1.67%, and will increase to about 57.78 million metric tons by 2021. Compared with 2020 An increase of about 0.28%.
Among them, the United States, Brazil and China are the main distribution areas of global beef production. In 2020, the market output will be about 12.392 million metric tons, 10.12 million metric tons and 6.89 million metric tons, accounting for about 21.51%, 17.56% and 11.96% respectively. accounted for more than 50% in total.
2. Market consumption
Since 2017, the global beef market consumption has shown a trend of increasing year by year. In 2020, the market consumption will be about 55.28 million metric tons, an increase of about 2.58% over the previous year, and will further increase to about 56.02 million metric tons in 2021. Compared with 2020, it has increased by about 1.34%.
From the perspective of global regional distribution, the United States ranks first with a market share of 21.89%, followed by China and Brazil, which account for about 17.1% and 14.25%, respectively, ranking second and third.
3. Market sales
In 2021, the global beef market sales will be about 266.72 billion U.S. dollars. According to the research and forecast of Beijing Yanjing Bizhi, the global beef market sales will reach about 327 billion U.S. dollars by 2028. During the period from 2022 to 2028 The average annual compound growth rate is about 2.5%, and the market growth rate is relatively fast.
4. Import and export situation
In terms of imports, the global beef imports will be about 8,520 thousand tons in 2020, a year-on-year increase of about 4.88%; by 2021, it will increase to about 9,915 thousand tons, a year-on-year increase of about 16.37%, of which Japan’s imports will be about 814.9 thousand tons , ranking first in the world.
In terms of export, the global beef export volume will be about 10,269 thousand tons in 2020, a year-on-year increase of about 5.56%; by 2021, it will increase to about 11,752 thousand tons, a year-on-year increase of about 14.44%. From the perspective of the global market, Brazil’s beef exports The largest number, about 2578 thousand tons.
The current global beef supply and demand pattern is not yet balanced, and there is still a large gap in the number of imports and exports. For the global market, there is still a lot of room for development in the global beef market in the future.
