With growing demand for western-style beef consumption in Asian countries, are we seeing a changing of the guard in the world trimmings market as China, Japan and South Korea start to dominate volume trade for beef trimmings? Rabobank’s ‘Beef Quarterly Q2 2019: Changing of the Guard in the Beef Trimmings Market’ delves deeper.
According to senior animal protein analyst Angus Gidley-Baird: “The world’s largest beef importer, China, is at the centre of growth in beef trade in general, and trimmings trade specifically. Many of the cuts imported by China have been to satisfy the local cuisine. But as diets and foodservice change, this now includes a growing trend in trimmings trade.”
“The growing demand for trimmings from Asian countries will create additional competition for the US but it is not expected to shift the market yet,” says Gidley-Baird. “Suppliers of trimmings into the global market should be conscious of possible changes in the trade. While steady growth is evident in the Chinese market to date, a short-term demand increase across all proteins as a result of African Swine Fever will likely cause a spike in demand for trimmings.”