U.S. beef will account for more than 50% of South Korea’s total meat imports in 2022, topping the list for the sixth year in a row, industry data showed Tuesday.
China, Asia’s fourth largest economy, imported 256,910 tonnes of American beef last year, according to data from the American Meat Exporters Federation. This represents 54.1% of total imports of 474,511 tons.
Market share increased by 2.8 points year-on-year.
Last year’s U.S. beef imports and market share hit the highest levels since South Korea opened its market to U.S. beef in 2008.
Data show that U.S. beef imports were valued at $2.54 billion last year.