![]() It also means buffalo meat from India is cheaper. This is unique among countries with large bovine exports, Kumar said. Still, the $4.8 billion annual export trade has almost developed by accident - the animals are needed to keep India's huge domestic dairy industry going, said Rabobank analyst Pawan Kumar. The cow is revered in Hindu culture, the religion observed by roughly 80% of India's 1.3 billion people, and restrictions on cattle slaughter apply in most states.īuffaloes largely fall outside those bans. This compares to an average share of nearly 29 % for the prior 20 years.India's buffalo meat - a chewier and cheaper alternative to beef - mostly ends up on plates in Asia and the Middle East, where rising wealth is spurring demand among diners for animal protein.īut India's role in the global meat trade sticks out in the largely Hindu country where vegetarianism is widespread. beef imports in 2021, the lowest on record. Australia accounted for just 12.3 % of U.S. Beef exports are forecast to increase by 14.2 % year over year in 2022. Beef production in Australia dropped to the lowest level more than two decades in 2021 as the industry began to rebuild from several years of drought-forced liquidation. Production of bovine meat in India includes beef and meat from water buffalo (carabeef).Īustralia is forecast to be the fourth largest beef exporting country in 2022. India was the largest global beef exporter from 2014-2016 but slowed and declined to a recent low in 2020 before recovering. India is forecast to be the third largest beef exporting country in 2022 with exports increasing year over year from 2021 levels. beef exports are expected to decline modestly from record 2021 levels but will remain at historically high levels. to be the second largest beef exporting country for the second consecutive year in 2022, with total exports just 58 % of exports from Brazil. By a small margin, the latest USDA forecast is for the U.S. The U.S., India and Australia are all roughly the same size as exporters. The second tier of beef exporting countries are a much smaller second, third and fourth place behind Brazil. once the “other country” Tariff Rate Quota (TRQ) is met. However, Brazil will encounter sharply higher tariff rates in 2022 for exports to the U.S. ![]() increased by 131% in 2021 and are sharply higher thus far in 2022, following increased Brazilian market access for fresh product in early 2021. ![]() After disruptions in 2021, Brazil is again exporting beef to China/Hong Kong. Brazil is projected to account for 22% of global beef exports this year. Brazil has been the largest beef exporting country for the last five years consecutively and the largest in 14 of last 20 years after first becoming the largest exporting country in 2004. Global beef trade is projected to continue expanding to new record levels in 2022.īrazil is projected to be the largest beef exporting country again in 2022 with exports forecast to increase 12.1% year-over-year. Global beef production is projected to expand in 2022 with increased production in Brazil, China, India, Australia and Mexico offsetting decreased production in the U.S., Canada, the European Union (E.U.) and Argentina. These reports provide the most current assessment of the global livestock and poultry market situation. In recent weeks, the USDA Foreign Agricultural Service has posted numerous country reports from beef producing, consuming and trading countries, culminating in the April release of the Livestock and Poultry: World Markets and Trade report.
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