India - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia'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.
| COUNTRY | Export Price of Beef in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024
