India Beef Exports Up and U.S. Beef Exports Down in 2023 – Market Analysis

14 March 2024

India is having largest livestock population including buffaloes, sheep & goats, pigs, and poultry, which are generally used to produce meat products. The beef sector is a significant contributor to the country’s food industry and is driven by a growing demand for beef products, particularly in developing countries where populations and income levels are rising. Top beef consumers include the United States, Brazil, China, the European Union, India, Argentina, Mexico, Russia, Japan, the United Kingdom, and Canada.

Among these countries, Brazil, Australia, the U.S., India, and the New Zealand are the biggest producers and exporters of beef and beef products. India is the largest producer of buffalo meat. Other major beef producing countries include Mexico, Canada, Russia, South Africa, and the European Union. The same production levels can vary from year to year due to factors such as weather conditions, disease outbreaks, and government policies. 

India’s beef exports increased in 2023, whereas the U.S. recorded a shortfall

Brazil is one of the world’s largest beef-producing and exporting countries. In 2023, it stood at the top position in world’s largest beef exporter countries list, shipping 10,936 million USD worth of beef products to the global countries. Brazil is followed by Australia, and the United States.

The United States is expected to be the top producer of beef in the world in 2024, even with a reduced inventory of beef cows.  In 2002, the U.S. exported beef products worth USD 5,798 million, that declined to USD 5,195 million in 2023. The given chart shows valuable data, covering world’s top beef exporters with their values reported in 2022 and 2023.

India’s beef exports rose in Q3 of 2023 as compared Q3 of 2022

India’s beef exports increased to USD 816 million in Q3 of 2023, as compared to USD 695 million in Q3 of 2022. The country recorded a growth in beef exports from the last quarters. For better understanding of India’s beef export market, check data visualization.

Yearly trends of beef exports from India

India’s exports of beef increased in 2023 and reached USD 3,480 million as compared to the previous year. The years 2020, 2021, and 2022 recorded a decline in beef exports due to Covid-19 pandemic lockdown that resulted in supply chain disruptions. Here’s a chart that shows year-wise analysis of India’s beef exports.  

India’s Top 10 Export Destinations of Beef 2023

India’s top beef export destinations in 2023 were Vietnam, Malaysia, Egypt, Indonesia, Iraq, Saudi Arabia, the Philippines, the United Arab Emirates, Hong Kong, and Thailand. These countries shared 82.4% to overall value of India’s beef export shipments. See this data in graph and understand which countries are highly dependent on Indian beef products.

Beef is an important component of a healthy diet, providing protein and essential vitamins and minerals to billions of people. That is why beef is one of the biggest markets in the world. Cattle raising and beef production provides income to farmers worldwide, along with significant employment and revenue to food manufacturers and ancillary industries.