Southern Asia: Beef Market 2024

Beef Market Size in Southern Asia

The South Asian beef market contracted modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Beef Production in Southern Asia

In value terms, beef production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of beef production was India (X tons), accounting for X% of total volume. Moreover, beef production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. Bangladesh (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

In 2022, the average yield of beef (cattle meat) in Southern Asia amounted to X kg per head, approximately reflecting the year before. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for beef production in Southern Asia contracted modestly to X heads, which is down by X% on the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then fell in the following year.

Beef Exports

Exports in Southern Asia

In 2022, the amount of beef (cattle meat) exported in Southern Asia amounted to X tons, picking up by X% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, beef exports declined slightly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), comprising a X% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of beef (cattle meat). At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Beef Imports

Imports in Southern Asia

In 2022, approx. X tons of beef (cattle meat) were imported in Southern Asia; declining by X% compared with the previous year. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, beef imports reached $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the four major importers of beef (cattle meat), namely Bangladesh, Bhutan, Afghanistan and Maldives, represented more than two-thirds of total import. The following importers - India (X tons) and Pakistan (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beef importing markets in Southern Asia were Bhutan ($X), Maldives ($X) and Bangladesh ($X), with a combined X% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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