World - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
Global Beef Market is Set to Continue Moderate Growth
IndexBox has just published a new report "World: Beef (Cattle Meat) - Market Report - Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
Global Beef Consumption Maintained a Stable Trend Pattern
Global beef market remained relatively stable, rising from X tonnes in 2007, to X tonnes in 2016. In wholesale prices, global beef market deacreased by X% to $X in 2016, fluctuating somewhat notably over the last ten years against changes in producer prices, yield and global stock. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).
The U.S. (X% based on tonnes), Brazil (X%), and China (X%) were the countries with the highest consumption, together accounting for almost X% of global figures. In terms of the key consumer countries in 2016, per capita consumption of beef in the U.S. (X kg/year) and Brazil (X kg/year) was X times higher than the world average of X kg/year. In China (X kg/year) per capita consumption of beef remains below the world average.
In the Medium Term, the Beef Market Is Set to Continue Moderate Growth
The expected population and income growth in Asia and Africa, along with stable demand from countries with traditional high per capita consumption of beef (USA, Brazil, etc.) will contribute to an increase in the consumption of beef in the world. In the medium term, meat consumption is projected to increase by +X% annually within 2016 - 2025. It is expected that by 2025, world beef consumption volume will reach X tonnes.
The U.S., Brazil and China Are Set to Remain the Leading Beef Producers
Global beef production remained constant from 2007 to 2016. In 2016, global production expanded to X tonnes.
The output of the three major producers of beef, namely the U.S. (X tonnes), Brazil (X tonnes) and China (X tonnes), represented about X% of global beef output. In China production levels increased by +X% annually from 2007 to 2016. The other countries kept their beef output relatively unchanged over the same period.
Hong Kong, Germany and the Netherlands Posted the Fastest Growth in Terms of Beef Imports
In 2016, the volume of global imports decreased by X% to X tonnes. In 2016, the U.S. (X tonnes), Japan (X tonnes), the Netherlands (X tonnes), Italy (X tonnes), Russia (X tonnes), Hong Kong (X tonnes) and Germany (X tonnes) were the leading destinations of beef imports, together making up X% of global imports.
Amongst the major importing countries, Hong Kong (+X% per year), Germany (+X% per year) and the Netherlands (+X% per year) gained the highest annual rates of growth from 2007 to 2016.
Indian Suppliers Are Actively Increasing Beef Exports
Beef exports amounted to X tonnes in 2016, expanding at an average annual rate of +X% from 2007 to 2016. In 2016, India (X tonnes), Australia (X tonnes), Brazil (X tonnes) and the U.S. (X tonnes) were the main global suppliers of beef with a combined share of X% of global exports.
The share of India (+X% percentage points) increased, while Brazil (-X percentage points) weakened its position in terms of the global beef export from 2007 to 2016. The shares of the other countries remained relatively unchanged throughout the analyzed period.
Do you want to know more about global beef market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- beef market share
- beef prices
- beef industry
- beef sales
- beef import
- beef export
- beef market forecast
- beef price forecast
- key beef producers
Source: IndexBox AI Platform
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