Southern Asia: Preserved Beef Market 2024

Preserved Beef Market Size in Southern Asia

The South Asian preserved beef market rose remarkably to $X in 2023, with an increase of X% against the previous year. The total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Preserved Beef Production in Southern Asia

In value terms, preserved beef production rose modestly to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Preserved Beef Exports

Exports in Southern Asia

In 2023, overseas shipments of beef and veal (salted, in brine, dried or smoked) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, preserved beef exports declined to $X in 2023. Over the period under review, exports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

India was the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Bangladesh (X tons), committing a X% share of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Bangladesh increased by X percentage points.

In value terms, India ($X) remains the largest preserved beef supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved beef export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while India stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%).

Preserved Beef Imports

Imports in Southern Asia

In 2023, purchases abroad of beef and veal (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, preserved beef imports skyrocketed to $X in 2023. Over the period under review, imports posted a prominent expansion. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Maldives represented the key importer of beef and veal (salted, in brine, dried or smoked) in Southern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by India (X tons), creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved beef imports into Maldives stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Maldives (X p.p.) and India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported beef and veal (salted, in brine, dried or smoked) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

In Maldives, preserved beef imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Maldives amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform