https://www.youtube.com/watch?v=pflGBG62bRM
1. Today, beef is the third most widely consumed meat in the world, after pork and poultry.
2. The global beef market revenue amounted to 385.7 Billion Dollars in 2018, growing by 5.1 percent against the previous year.
3. Today, beef is the third most widely consumed meat in the world, after pork and poultry.
4. Beef has a high environmental impact, with the highest per gram greenhouse gas emissions of any agricultural product.
5. The global beef market revenue amounted to 385.7 Billion Dollars in 2018, growing by 5.1 percent against the previous year.
6. The market value increased at an average annual rate of plus 3.2 percent over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.
7. In 2018, approximately 70 million tonnes of beef were produced worldwide; flattening at the previous year.
8. The general positive trend in terms of beef output was largely conditioned by a relatively flat trend pattern of the number of producing animals and a relatively flat trend pattern in yield figures.
9. The total output value increased at an average annual rate of plus 4.3 percent over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
10. Global beef production peaked in 2018 and is likely to see steady growth in the immediate term.
11. Global Beef ImportationIn 2018, the global imports of beef stood at 9.5 Million tonnes, increasing by 4.3 percent against the previous year.
12. Based on 2018 figures, beef imports increased by plus 15.4 percent against 2016 indices.
13. Over the period under review, global beef imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.
14. Top Beef Importing Countries:In 2018, China imported up to 1 million tonnes of beef, the U.S. did 912 thousand tonnes, Vietnam shipped in 619 thousand tonnes of beef, Japan imported 610 thousand tonnes, South Korea's beef import was 442 thousand tonnes, China and Hong Kong both imported 439 thousand tonnes respectively, Italy shipped in 386 thousand tonnes, Germany imported 367 thousand tonnes of beef, Russia did 359 thousand tonnes, the Netherlands brought in 356 thousand tonnes, the UK imported up to 294 thousand tonnes and France with beef import of 247 thousand tonnes represented the largest importers of beef in the world, making up 64 percent of total import.
15. From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other global leaders experienced more modest paces of growth.
16. In value terms, the largest beef importing markets worldwide were the U.S with Billion Dollars, China with 4.7 Billion Dollars, and Japan with 3.5 Billion Dollars, together accounting for 28 percent of global imports.
17. China recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.
18. Import Prices by CountryIn 2018, the average beef import price amounted to 4,996 dollars per tonne, increasing by 2.2 percent against the previous year.
19. Global import prices peaked at 5,104 dollars per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.
20. In 2018, the country with the highest Import Price price was South Korea with 6,415 dollars per tonne, while Vietnam importing at 3,258 dollars per tonne was amongst the lowest.
21. From 2007 to 2018, the most notable rate of growth in terms of Import Price prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.
22. Kindly drop your comments in the comment box and don't forget to subscribe to the Big Man Business YouTube Channel.