China’s beef meat industry: Why China needs US production
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Some American beef is making a comeback onto the plates in China, which now consumes 28% of the world’s meat supplies. But why did the Chinese authorities take such a decision after a 13-year ban?
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China’s beef meat industry: Why China needs US production
- 1. RESEARCH BY DAXUE CONSULTING CHINA CLOSED ITS BEEF MARKET TO AMERICAN PRODUCERS SINCE 2003, SINCE A CASE OF “MAD COW DISEASE”, OR BOVINE SPONGIFORM ENCEPHALOPATHY, WAS DETECTED. WE EXPECT SOON TO SEE THE CHINESE MINISTRY OF AGRICULTURE ACCEPTING AMERICAN BEEF.
- 2. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 $0.015 BILLION $2.3 BILLION $2.8 BILLION UNIT: BILLION USD 2003 2015 2016
- 3. UNIT: 1 KG OF BEEF CHINA’S ANNUAL PER-CAPITA CONSUMPTION OF BEEF IN CHINA CURRENTLY IS AROUND 3.9KG COMPARED TO MUCH HIGHER RATES IN MANY NATIONS. CHINA 3.9KG USA 25KG BRAZIL 27.4KG AUSTRALIA 23KG CANADA 19KG
- 4. 56% OF BRAZIL PRODUCTION CHINESE CONSUMPTION WILL REACH 5.34 BILLION KG IN 2016. THIS IS EQUAL TO : IF CHINA REACHES 10 KG PER PERSON (STILL AT LEAST 2 TIMES LESS THAN MOST DEVELOPED COUNTRIES) THEN CHINESE CONSUMPTION WILL SURPASS THE COMBINED TOTAL PRODUCTION FOR THESE 3 COUNTRIES BRAZIL IS THE WORLD’S LARGEST EXPORTER OF BEEF 243% OF AUSTRALIAN PRODUCTION 445% OF CANADIAN PRODUCTION
- 5. AS CHINA’S MIDDLE CLASS CONTINUES TO EXPAND, BEEF CONSUMPTION POTENTIALLY COULD GROW DRAMATICALLY AND THE US PRODUCTION IS NEEDED TO MATCH THE DEMAND AT AN ACCEPTABLE PRICE 7 MILLION TONS PRODUCED IN CHINA IN 2015, REPRESENTING AN INCREASE OF ONLY 1% YEAR-ON-YEAR.