Japan: Beef Market Competition to Intensify in 2018

In 2016, U.S. chilled beef exports to Japan exceeded the 2015 volume by 50 percent. Monthly total U.S. beef exports to Japan outpaced Australian beef shipments in February 2017 for the first time in 14 years. These recent successes have occurred in spite of a comparatively stronger dollar and an eight percentage point tariff disadvantage relative to Australian chilled beef, the dominant beef supplier in the Japanese market. Given Australia’s significant tariff advantage, rebounding exportable supplies of Australian beef could present challenges as early as late 2017. 

Japan: Beef Market Competition to Intensify in 2018