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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.

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livestock status in total agricultural production
Livestock Status in Total Agricultural Production

Sourced by Ministry of Agriculture & Forestry (MAF)

livestock inventory
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

185

178

166

Sourced by National Agricultural Products Quality Management Service (NAQS)

no of farms
No. of Farms

# of Hanwoo Farm

# of Hog Farm

182,593

187,740

178,721

15,242

12,290

9,832

Unit: No. of farm

Sourced by National Agricultural Products Quality Management Service (NAQS)

no of head per farm
No. of Headper Farm

Unit: No. of cattle

Unit: No. of hog

976

11.3

729

8.6

605

6.9

Sourced by National Agricultural Products Quality Management Service (NAQS)

meat per capita consumption pcc
Meat Per Capita Consumption (PCC)

19.7

18.1

17.9

17.8

17.3

Unit: Kg

Red – Beef

Blue -Pork

8.1

7.5

6.8

6.8

6.6

Forecast by KREI

Sourced by Korea Meat Trade Association (KMTA)

no of domestic cattle slaughter
No. of Domestic Cattle Slaughter

Unit: Head

493,902

361,935

131,700

122,160

Sourced by Korea Meat Trade Association (KMTA)

korea beef production vs consumption
Korea Beef Production vs. Consumption

Unit : ‘000 M/T

390

333

316

327

46.9%

47%

48%

Self-sufficiency

36.1%

44%

172

152

156

144

141

Sourced by Ministry of Agriculture & Forestry (MAF)

hanwoo price trend
Hanwoo Price Trend

Unit: USD (Based on daily basic rate)

USD 4,674

USD 4,353

USD 4,101

USD 4,169

USD 2,750

USD 2,070

Korea-U.S FTA Agreement

Sourced by National Agricultural Cooperative Federation (NACF)

korea beef import
Korea Beef Import

2003. Dec, 23 BSE case informed and was allowed to customs clearance about completion of imported volumes inspected by Dec 22nd.

Custom Clearance Basis

M/T

325,823

224,036

219,604

186,630

160,096

95,671

25,427

14,111

Sourced by Korea International Trade Association (KITA)

beef domestic supply vs import
Beef - Domestic Supply vs. Import

‘000 M/T

325

212

219

178

171

160

158

152

144

141

Domestic supply forecast by KREI

Sourced by Ministry of Agriculture & Forestry (MAF)

korea beef import by cut 2003 vs 2007
Korea Beef Import by Cut (2003 vs 2007)

160,699

M/T

58,338

49,732

9,917

Quarantine Inspection Basis

Sourced by Korea Meat Trade Association (KMTA)

beef import status in 2003 vs 2007
Beef Import Status in 2003 vs 2007

Total 325,823 M/T in 2003

Total 219,604 M/T in 2007

U.S.

6.4%

Mexico

1.9%

NZ

8 %

Canada

2 %

NZ

18.4%

Australia

21 %

U.S.

69 %

Australia

73.3%

Custom Clearance Basis

Sourced by Korea International Trade Association (KITA)

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