US beef exports to China trend lower in 2024 - USMEF
Exports down 2% from 2023Although beef exports to China/Hong Kong trended lower in 2024, shipments rallied late in the year to just under $2 billion in value (down 2% from 2023), according to year-end data released by USDA and compiled by the US Meat Export Federation (USMEF).
Export volume fell 6% to 215,603 mt. As USMEF previously reported, China’s Ministry of Commerce recently opened a safeguard investigation on the impact of rising beef imports on domestic producers, with an investigation period of 2019 through June 2024.
China’s overall beef imports set another record in 2024, mainly due to growth from South America.