In late December 2021, South Korea’s Ministry for Food, Agriculture, Forestry and Fisheries announced that it has suspended quarantine inspections of beef imported from Canada in response to an atypical BSE case recently confirmed in Alberta. The suspension was consistent with the trade protocols agreed to by the two countries.
Canada is Korea’s fourth largest beef supplier (trailing the U.S., Australia and New Zealand) but holds less than 3% market share.
In January 2022, the Philippines and China also halted imports of Canadian beef. China is the fourth largest destination for Canadian beef exports by volume – behind the U.S., Japan and Mexico – and third largest by value, accounting for about 4% of Canada’s total exports. As the third largest supplier of grain-fed beef to China – trailing the U.S. and Australia – Canada accounted for about 8% market share in China. In terms of China’s total beef imports, Canada accounts for less than 1% market share.
Canada was the Philippines’ seventh largest beef supplier last year, accounting for 3% market share. The Philippines is the eighth largest destination for Canadian beef.
UPDATE: Korea resumed imports of Canadian beef on Jan. 20, 2022, and the Philippines reopened the market on Jan. 25, 2022. China’s suspension remains in place.