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Korea Beef Industry Overview February. 27, 2008 USMEF/Korea. Livestock Status in Total Agricultural Production. Sourced by Ministry of Agriculture & Forestry (MAF). Livestock Inventory. Unit: ‘000 Head. 9,605. 9,382. 9,231. 8,962. 8,908. 2,033. 1,841. 1,633. 1,472. 1,276. 203. 192. - PowerPoint PPT Presentation
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Korea Beef Industry Overview
February. 27, 2008
USMEF/Korea
Livestock Status in Total Agricultural Production
Classification 2003 2004 2005 2006 Livestock ratio
in total agricultural production(%)
27.8 29.9 33.5 33.1
Sourced by Ministry of Agriculture & Forestry (MAF)Sourced by Ministry of Agriculture & Forestry (MAF)
Hanwoo & Dairy cattle
in total livestock(%)
27.8 26.7 26.8 28.0
Hog in total livestock(%) 30.2 33.8 31.9 30.9
Livestock Inventory
0
2,000
4,000
6,000
8,000
10,000
2003 2004 2005 2006 2007
Hanwoo
Dairy Cattle
Hog
Sourced by National Agricultural Products Sourced by National Agricultural Products Quality Management Service (NAQS)Quality Management Service (NAQS)
1,8411,8411,6331,6331,4721,4721,2761,276
Unit: ‘000 HeadUnit: ‘000 Head
9,2319,231
8,9088,908 8,9628,962
9,3829,382
9,6059,605
2,0332,033
203203 192192 185185 178178 166166
No. of Farms
0
40,000
80,000
120,000
160,000
200,000
2003 2004 2005 2006 2007
Sourced by National Agricultural Products Quality Sourced by National Agricultural Products Quality Management Service (NAQS)Management Service (NAQS)
1178,72178,721
1187,74087,7401182,59382,593
# of Hanwoo Farm# of Hanwoo Farm # of Hog Farm# of Hog Farm
115,2425,242
112,2902,290
9,8329,832
0
5,000
10,000
15,000
20,000
2003 2004 2005 2006 2007
Unit: No. of farmUnit: No. of farm
No. of Head per Farm
0
2
4
6
8
10
12
2003 2004 2005 2006 2007
Sourced by National Agricultural Products Quality Sourced by National Agricultural Products Quality Management Service (NAQS)Management Service (NAQS)
11.311.3
8.68.6
6.96.9
Unit: No. of cattleUnit: No. of cattle
0
200
400
600
800
1000
2003 2004 2005 2006 2007
Unit: No. of hogUnit: No. of hog
605605
729729
976976
Meat Per Capita Consumption (PCC)
Sourced by Korea Meat Trade Association (KMTA)Sourced by Korea Meat Trade Association (KMTA)
0
5
10
15
20
2003 2004 2005 2006 2007
Unit: KgUnit: Kg
6.86.8 6.66.6 6.86.8
8.18.1
17.317.317.917.9 17.817.8
18.118.1
Forecast by KREIForecast by KREI
19.719.7
7.57.5
Red – Beef
Blue -Pork
No. of Domestic Cattle Slaughter
Unit: HeadUnit: Head
Sourced by Korea Meat Trade Association (KMTA)Sourced by Korea Meat Trade Association (KMTA)
0
100,000
200,000
300,000
400,000
500,000
600,000
2003 2004 2005 2006 2007
Hanwoo
Dairy cattle
493,902493,902
122,160122,160
361,935361,935
131,700131,700
Korea Beef Production vs. Consumption
Sourced by Ministry of Agriculture & Forestry (MAF)Sourced by Ministry of Agriculture & Forestry (MAF)
172172156156152152
Unit : ‘000 M/TUnit : ‘000 M/T
0
100
200
300
400
2003 2004 2005 2006 2007
Production
Consumption
390390
327327 316316
333333
Self-sufficiencySelf-sufficiency36.1%36.1%
44%44%48%48% 47%47%
144144141141
46.9%46.9%
Hanwoo Price Trend
Unit: USD (Based on daily basic rate)Unit: USD (Based on daily basic rate)
Sourced by National Agricultural Cooperative Sourced by National Agricultural Cooperative Federation (NACF)Federation (NACF)
0
1,000
2,000
3,000
4,000
5,000
6,000
Feb.28
2007
Apr. 2 July.31
Oct.22
Dec.31
Jan.10
2008
Feb.20
Cow/600kg
Steer/600kg
Cow/250kg
USD 4,353
USD 4,674
USD 2,750
Korea-U.S FTA Korea-U.S FTA AgreementAgreement
USD 4,169 USD 4,101
USD 2,070
Korea Beef Import
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
2001 2002 2003 2004 2005 2006 2007
Total
US
M/TM/T
224,036224,036
325,823325,823
Sourced by Korea International Trade Association Sourced by Korea International Trade Association (KITA)(KITA)
2003. Dec, 23 BSE case 2003. Dec, 23 BSE case informed and was informed and was
allowed to customs allowed to customs clearance about clearance about
completion of imported completion of imported volumes inspected by volumes inspected by
Dec 22Dec 22ndnd. .
160,096160,096
25,42725,427
Custom Clearance BasisCustom Clearance Basis
219,604219,604
14,11114,111
95,67195,671
186,630186,630
Beef - Domestic Supply vs. Import
0
100
200
300
400
2003 2004 2005 2006 2007
Domestic Supply
Import
Sourced by Ministry of Agriculture & Forestry (MAF)Sourced by Ministry of Agriculture & Forestry (MAF)
178 178
152152160160
144 144
325325
141 141
‘‘000 M/T000 M/T
158158
212212 219219
171171
Domestic supply forecast by KREIDomestic supply forecast by KREI
Korea Beef Import by Cut (2003 vs 2007)
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
2003
2007M/TM/T
Sourced by Korea Meat Trade Association Sourced by Korea Meat Trade Association (KMTA)(KMTA)
58,33858,338
9,9179,917
160,699160,699
49,73249,732
Quarantine Inspection BasisQuarantine Inspection Basis
Beef Import Status in 2003 vs 2007
Total Total 325,823325,823 M/T in M/T in 20032003
Custom Clearance BasisCustom Clearance Basis
Sourced by Korea International Trade Association (KITA)Sourced by Korea International Trade Association (KITA)
Total Total 219,604219,604 M/T in M/T in 2007 2007
Australia Australia 73.3%73.3%
NZNZ18.4%18.4%
MexicoMexico1.9%1.9%
U.S. U.S.
6.4%6.4%
U.S.U.S.69 %69 %
Australia Australia 21 %21 %
NZNZ8 %8 %
CanadaCanada2 %2 %
