HS Code:
The category 'Fresh or chilled' under HS subheadings 0201.10.50 or 0201.20.80 pertains to fresh or chilled bovine meat, specifically carcasses and half-carcasses (0201.10.50) and other cuts with bone in (0201.20.80). This category primarily includes beef products that are not frozen and are intended for immediate consumption or short-term storage. These products are significant in global trade due to high demand for fresh beef in various cuisines and food industries worldwide.
Total Trade Volume
Approximately $15 billion USD
Data from 2022
Source
United Nations Comtrade Database
$3.2 billion USD
21.3% of total trade of total trade
Increasing
$2.8 billion USD
18.7% of total trade of total trade
Increasing
$2.5 billion USD
16.7% of total trade of total trade
Stable
$1.8 billion USD
12.0% of total trade of total trade
Increasing
$1.2 billion USD
8.0% of total trade of total trade
Stable
Average Rate
15.4% ad valorem
Highest Rate
26.4% (applied by certain countries with protective agricultural policies)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Australia FTA)
Rising demand for premium cuts in Asia
Increased exports to markets like Japan, South Korea, and China, driving up prices for high-quality beef
2021-2022
Sustainability and traceability concerns
Growing consumer preference for ethically sourced and traceable beef, pushing exporters to adopt blockchain and certification systems
2020-2022
Impact of climate change on production
Extreme weather events in key exporting countries like Australia have reduced herd sizes, affecting supply and increasing prices
2019-2022
After a temporary suspension due to atypical BSE cases, China resumed imports of Brazilian fresh and chilled beef, stabilizing trade flows.
March 2023
Expected to boost Brazil's export volume by 10-15% in 2023, stabilizing global supply chains.
The United States and the European Union finalized a revised tariff-rate quota agreement, increasing access for US hormone-free beef to the EU market.
January 2023
Enhances market access for US exporters, potentially increasing trade volume by $200 million annually.
The newly implemented Australia-UK FTA eliminates tariffs on fresh beef over a phased period, fostering trade growth.
December 2022
Anticipated to increase Australian beef exports to the UK by 20% over the next five years.