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India - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Oct 17, 2023

India's Beef Price Drops by $2,961 per Ton

India Beef Export Price in July 2023

In July 2023, the beef price amounted to $2,961 per ton (FOB, India), falling by -1.8% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 9.6% month-to-month. The export price peaked at $3,016 per ton in June 2023, and then fell slightly in the following month.

Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Saudi Arabia ($3,222 per ton) and the United Arab Emirates ($3,022 per ton), while the average price for exports to Iraq ($2,701 per ton) and the Philippines ($2,786 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

India Beef Export Prices By Country (USD Per Ton)

COUNTRY	Export Price of Beef in India (USD per ton)
COUNTRY	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023
Saudi Arabia	3,117	2,995	2,969	2,764	2,863	2,904	2,989	3,226	3,559	3,524	3,152	3,111	3,222
United Arab Emirates	2,730	2,664	2,513	2,633	2,601	2,571	2,520	2,658	2,639	2,840	2,844	3,039	3,022
Egypt	2,772	2,613	2,636	2,640	2,664	2,541	2,557	2,768	2,901	3,019	2,956	3,082	2,929
Vietnam	3,221	3,117	3,009	2,929	2,871	2,791	2,626	2,716	2,891	3,064	3,045	2,981	2,875
Malaysia	3,085	2,789	2,727	2,690	2,673	2,486	2,542	2,588	2,971	3,213	3,084	2,927	2,848
Philippines	2,713	2,556	2,548	2,531	2,579	2,282	2,229	2,260	2,546	2,757	2,771	2,749	2,786
Iraq	2,367	2,491	2,343	2,212	2,163	2,151	2,182	2,319	2,303	2,393	2,651	2,613	2,701
Average	2,959	2,828	2,754	2,691	2,672	2,585	2,562	2,678	2,937	3,012	2,974	3,016	2,961

India Beef Export Prices by Type

Average prices varied somewhat for the major types of exported product. In July 2023, the product with the highest price was fresh or chilled carcasses and half-carcasses of bovine meat ($4,229 per ton), while the average price for exports of frozen boneless cuts of bovine meat ($2,940 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: fresh or chilled carcasses and half-carcasses of bovine meat (+11.6%), while the prices for the other products experienced more modest paces of growth.

India Beef Exports

In July 2023, beef exports from India contracted markedly to 74K tons, reducing by -22.2% on the previous month's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when exports increased by 24% month-to-month.

In value terms, beef exports shrank dramatically to $218M (IndexBox estimates) in July 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 28% against the previous month. As a result, the exports reached the peak of $293M. From April 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.

India Beef Exports by Type

Frozen boneless cuts of bovine meat (72K tons) was the largest type of beef exported from India, accounting for a 98% share of total exports. It was followed by fresh or chilled boneless cuts of bovine meat (1.6K tons), with a 2.2% share of total exports.

From July 2022 to July 2023, the average monthly growth rate of the volume of export of frozen boneless cuts of bovine meat was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled boneless cuts of bovine meat (-1.7% per month) and fresh or chilled carcasses and half-carcasses of bovine meat (-30.8% per month).

In value terms, frozen boneless cuts of bovine meat ($212M) remains the largest type of beef exported from India, comprising 97% of total exports. The second position in the ranking was held by fresh or chilled boneless cuts of bovine meat ($6.4M), with a 2.9% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of frozen boneless cuts of bovine meat was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled boneless cuts of bovine meat (-1.9% per month) and fresh or chilled carcasses and half-carcasses of bovine meat (-22.7% per month).

India Beef Exports by Country

Vietnam (12K tons), Malaysia (12K tons) and Indonesia (11K tons) were the main destinations of beef exports from India, with a combined 48% share of total exports. These countries were followed by Egypt, Iraq, the United Arab Emirates, Saudi Arabia and the Philippines, which together accounted for a further 38%.

From July 2022 to July 2023, the biggest increases were in Egypt (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($36M), Indonesia ($36M) and Malaysia ($33M) constituted the largest markets for beef exported from India worldwide, with a combined 48% share of total exports. These countries were followed by Egypt, Iraq, the United Arab Emirates, Saudi Arabia and the Philippines, which together accounted for a further 38%.

Egypt, with a CAGR of +7.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the beef market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 947 - Buffalo meat
FCL 867 - Meat of cattle

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

India - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

India's Beef Price Drops by $2,961 per Ton

India Beef Export Price in July 2023

India Beef Export Prices by Type

India Beef Exports

India Beef Exports by Type

India Beef Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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