What is the price of beef per kilogram/pound in China today?
The retail price range for China beef is between US$ 7.09 and US$ 9.97 per kilogram or between US$ 3.22 and US$ 4.52 per pound(lb). Click here to see today's exact prices of beef in China
The retail price range in Yuan Renminbi for beef is between CNY 49.74 and CNY 69.90 per kilogram or between CNY 22.56 and CNY 31.70 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China beef is between US$ 4.97 and US$ 6.98 per kilogram or between US$ 2.25 and US$ 3.16 per pound(lb).
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China Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from China over the last five years has seen a steady decline. In 2017, the price was 7.82 US dollars per kg, and by 2021, it had dropped to 2.77 US dollars per kg. The lowest price was recorded in 2020, at 4.91 US dollars per kg. This year, the price has risen slightly to 4.93 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Beef from China in 2023 will be around 3.90 US dollars per kg, and in 2024, it will be around 4.87 US dollars per kg.The China beef exports are categorised as:
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen edible bovine tongues (HS code 020621)
China Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into China over the last five years has seen a steady decline. In 2016, the price was 9.54 US dollars per kg, and in 2021 it had dropped to 2.77 US dollars per kg. This represents a decrease of over 70% in the price of Beef imports into China. The lowest price was recorded in 2020, when the price was 4.91 US dollars per kg. This was followed by a slight increase in 2021, when the price was 2.77 US dollars per kg. Looking ahead, it is expected that the price of Beef imports into China will remain relatively stable in the next two years, with a predicted price of 4.93 US dollars per kg in 2023 and 4.91 US dollars per kg in 2024.Export values for China beef
The total values in export for beef in China were US$ 80,744, US$ 16,022, US$ 6,560 and US$ 3,406 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in China: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
China beef - Production, Exports, Imports, Seasons and HS Codes
In 2019 China sold 624 tonnes of beef. In 2019 alone, the demand for China beef (meat category) has decreased, changing by -40.458 % compared to the year 2018. Between 2017 and 2019, beef's exports reduced by -69.53% netting the exporter US$3.41m for the year 2019. China's beef exports are classified as:
- Frozen edible bovine livers (HS code 020622)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
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China beef export values
In 2019, China supplied beef costing 3.41m USD, a drop of -48.02% from 2018's total beef export of 6.56m USD. The annual change in value of China beef between 2017 to 2018 was -59.056%.
The per year variation in the quantity of China's beef exports between 2017 and 2019 was -69.53 per cent compared to a variation of -40.458% in the period between 2018 and 2019.
China's portion of the world's total beef's exports in 2019 was 4.6 pc. The country holds position 3 in world exports of beef.
Export markets for China beef ( in '000$ )
China's top destinations for beef are Burundi, the Gambia, the Philippines, Liberia and Nigeria.
Import/Export Trends
China is a net exporter of beef. The annual growth of China beef in value between 2015 to 2019 was -15%, per annum, while annual growth in quantity for the same period was -17%, per annum.
China brought in 3,373,490 tonnes of beef in 2019.