Import growth is likely to slow in almost all other Asian markets, as widespread recession restricts consumption in middle- and low-income households, while restrictions and physical distancing reduce restaurant turnover, dampening demand for high-quality meat products. Given that most of the production is destined for foreign markets, slowing economic growth in many countries could further undermine the Indian cattle sector. In India, cattle production may be reduced due to a pandemic shutdown, especially since collection of animals is usually carried out in the form of home visits. In addition, China will continue to increase its imports, fueled by new accreditations granted to meatpacking plants in Brazil, Argentina, and Uruguay, as well as new trade agreements with these countries. The expected increase in China’s beef production is driven by rising cattle herds, particularly on large farms, and strong domestic demand to offset the ongoing pork shortage. In contrast, India, the second-largest beef producer after China, will face significant losses in production and exports. In China, which was the first to recover from the pandemic, positive dynamics are expected in the second half of the year. However, it can be predicted that the strength of the impact will depend on how quickly countries return to normalcy. The coronavirus pandemic continues to negatively impact the Asian beef market, holding back production and international trade. Here is a summary of the report’s key findings. IndexBox has just published a new report: ‘Asia – Beef (Cattle Meat) – Market Analysis, Forecast, Size, Trends and Insights’. India dominates beef trade, accounting for 1.1M tonnes, which was near 85% of total Asian exports in 2019. In value terms, beef imports contracted to $19.9B (IndexBox estimates) in 2019. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites.The beef import price in Asia stood at $5,039 per tonne in 2019, rising by 6.9%. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Yes, Statista allows the easy integration of many infographics on other websites. India legally slaughters a large number of water buffalo though, which are exported to countries like Vietnam, Egypt, Malaysia and Saudi Arabia.Ĭan I integrate infographics into my blog or website? There are large fines for slaughtering cows in many Indian states and violence in connection with cow smuggling has been picking up recently. The majority of Indians are Hindus, which consider cows holy and refrain from eating them. Most of the fires in the Amazon were caused by agricultural plot burning, many in connection with illegal land use.Īn unexpected country on the list is India in rank 5. The country has in the past been heavily criticized for its large-scale cattle industry, which has caused deforestation in the Amazon rainforest and is contributing to extreme wildfire seasons the country, like the one experienced in 2019. Second up is Brazil, forecast to produce 10.4 million tons. The country is expected to produce 12.6 million tons of beef and veal this year. Department of Agriculture and the Food and Agriculture Organization. This is according to forecasts for 2021 by the U.S. The United States is the country producing the most beef in the world by some margin.
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