U.S., AUSTRALIA COMPETE TO SUPPLY JAPAN'S BEEF IMPORTS
Feb. 5, 2016
Economic Research Service (ERS) reports:
Japan is one of the largest beef importing countries in the world and an important market for the United States.
In 2014, it imported nearly $3.5 billion of beef and beef products, making it the third-largest beef importer in the world.
The United States and Australia are the primary suppliers, and together represent roughly 90 percent of Japan's 2014 beef imports.
From 2004 to 2006, Japan banned imports of U.S. beef due to the discovery of bovine spongiform encephalopathy, boosting imports from Australia and making it the top supplier of beef to Japan.
The U.S. share of this market has since recovered but imports remain below pre-ban totals.
The 2015 Japan-Australia Economic Partnership Agreement (JAEPA) significantly reduces tariffs on Australian beef, potentially at the expense of U.S. beef.
ERS research shows that providing similar market access to the U.S. and Australia would result in a significant net gain in Japanese imports of U.S. beef.
This chart is from Tariff Reforms and the Competiveness of U.S. Beef in Japan.