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India - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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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)
COUNTRYExport Price of Beef in India (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Saudi Arabia3,1172,9952,9692,7642,8632,9042,9893,2263,5593,5243,1523,1113,222
United Arab Emirates2,7302,6642,5132,6332,6012,5712,5202,6582,6392,8402,8443,0393,022
Egypt2,7722,6132,6362,6402,6642,5412,5572,7682,9013,0192,9563,0822,929
Vietnam3,2213,1173,0092,9292,8712,7912,6262,7162,8913,0643,0452,9812,875
Malaysia3,0852,7892,7272,6902,6732,4862,5422,5882,9713,2133,0842,9272,848
Philippines2,7132,5562,5482,5312,5792,2822,2292,2602,5462,7572,7712,7492,786
Iraq2,3672,4912,3432,2122,1632,1512,1822,3192,3032,3932,6512,6132,701
Average2,9592,8282,7542,6912,6722,5852,5622,6782,9373,0122,9743,0162,961

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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