South Korea: U.S. beef imports hit a record high, accounting for 54% last year

Published Jan 17, 2023

Tridge summary

The U.S. has seen a significant growth in its beef exports, reaching the highest volume and market share since the market's opening in 2008. U.S. beef imports dominated the market for the sixth year in a row, accounting for 54.1% of the total beef imports in 2022. The U.S. Meat Export Association credits this success to expanding food culture and increased consumer awareness and purchase intent. South Korea emerged as the top exporter of U.S. beef in 2022, followed by Hong Kong, China, and Japan.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

U.S. beef recorded the highest import volume and market share since import opening in 2008. It has ranked first in the domestic imported meat market for six consecutive years. Citing customs clearance data from the U.S. Customs Service, the U.S. Meat Export Association announced on the 17th that of the total beef imports of 474,511 tons last year, U.S. beef accounted for 256,910 tons (2.8% increase from the previous year), accounting for 54.1%. . Total imports of U.S. beef are $2.54 billion. The U.S. Meat Export Association analyzed that this was not only because the food culture of enjoying U.S. beef in various ways has expanded, but also because consumers' awareness of U.S. beef has improved and their willingness to purchase has greatly increased. It is expected to become the largest exporter of U.S. beef. According to the United States Department of Agriculture (USDA) standards (January to November 2022), South Korea was the number one exporter, ahead of Hong Kong, China, and ...
Source: Donga

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