India: Fresh Beef Carcase Market 2025

Fresh Beef Carcase Market Size in India

The Indian fresh beef carcase market rose slightly to $X in 2022, increasing by 2.3% against the previous year. In general, consumption, however, recorded prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fresh Beef Carcase Production in India

In value terms, fresh beef carcase production expanded modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 61%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fresh Beef Carcase Exports

Exports from India

In 2022, overseas shipments of fresh or chilled carcases of beef and veal decreased by -94% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2014 with an increase of 52%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh beef carcase exports dropped notably to $X in 2022. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 69%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for fresh beef carcase exports from India, accounting for a 87% share of total exports. Moreover, fresh beef carcase exports to Qatar exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled -6.3%.

In value terms, Qatar ($X) emerged as the key foreign market for fresh or chilled carcases of beef and veal exports from India, comprising 99% of total exports. The second position in the ranking was taken by Singapore ($X), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to -7.3%.

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, dropping by -39.7% against the previous year. Overall, the export price, however, posted tangible growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fresh Beef Carcase Imports

Imports into India

In 2022, approx. X tons of fresh or chilled carcases of beef and veal were imported into India; growing by 11% on the previous year's figure. In general, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by 122%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, fresh beef carcase imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 51%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main fresh beef carcase supplier to India, accounting for a 92% share of total imports. Moreover, fresh beef carcase imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold. Brazil (X kg) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.4% per year) and Brazil (+8.1% per year).

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to India, comprising 87% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.9% per year) and the United Arab Emirates (-20.8% per year).

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, which is down by -19% against the previous year. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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