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Beef is the culinary name for meat from cattle. In prehistoric times, humans hunted aurochs and later domesticated them. Since then, numerous breeds of cattle have been bred specifically for the quality or quantity of their meat.
Today, beef is the third most widely consumed meat in the world, after pork and poultry. The global beef market revenue amounted to 385.7 Billion Dollars in 2018, growing by 5.1 percent against the previous year. An average of 70 million tonnes of beef are produced worldwide.
Top importers of beef are:
- China
- USA
- vietnam
- Japan
- South Korea
- Italy
- Germany
- Russia
- UK
- France
Top exporting countries are:
- Brazil
- Australia
- U.S
- New Zealand
- Ireland
- Netherlands
- Argentina
- Canada
- India
- Poland
- Urugauay
- Germany
Beef Top Importing And Exporting Countries 2022
In value terms, beef production stood at 392.3 Billion Dollars in 2018 estimated by export prices. In 2018, Brazil exported 1.3 million tonnes of beef, followed by Australia with 857 thousand tonnes, the U.S. with 691 thousand tonnes, New Zealand with 436 thousand tonnes, Ireland with 410 thousand tonnes, and the Netherlands with 383 thousand tonnes. In value terms, the largest beef markets worldwide are Brazil with 5.3 Billion Dollars, the U.S. with 4.8 Billion Dollars, and Australia with 4.7 Billion Dollars, together comprising 36 percent of global exports.
Ireland, the Netherlands, New Zealand, Argentina, Canada, Uruguay, Poland, Germany, and India lagged somewhat behind, together comprising a further 40 percent. In terms of the main exporting countries, Poland experienced the highest rates of growth in exports.
China imported up to 1 million tonnes of beef, the U.S. did 912 thousand tonnes, Vietnam shipped in 619 thousand tonnes of beef, Japan imported 610 thousand tonnes, and South Korea's beef import was 442 thousand tonnes. In value terms, the largest beef importing markets worldwide were the U.S with Billion Dollars, China with 4.7 Billion Dollars, and Japan with 3.5 Billion Dollars, together accounting for 28 percent of global imports. China recorded the highest growth rate of imports, in terms of the main importing countries.
There were significant differences in the average Import Price prices amongst the major importing countries. In 2018, the country with the highest Import Price price was South Korea with 6,415 dollars per tonne, while Vietnam importing at 3,258 dollars per tonne was amongst the lowest.
Now let's delve into the topic, Beef is the culinary name for meat from cattle. In prehistoric times, humans hunted aurochs and later domesticated them. Since then, numerous breeds of cattle have been bred specifically for the quality or quantity of their meat. Today, beef is the third most widely consumed meat in the world, after pork and poultry.
As of 2018, the United States, Brazil, and China were the largest producers of beef. In the United States, beef production has come to rely heavily on factory farms. The prevalence of manure in these farms has been linked to contamination of beef with E. coli, leading to large recalls, as well as increased antibiotic usage. The now restricted use of meat and bone meal feed was historically responsible for outbreaks of bovine spongiform encephalopathy.
Beef can be prepared in various ways; cuts are often used for steak, which can be cooked to varying degrees of doneness, while trimmings are often ground or minced, as found in most hamburgers. Beef contains protein, iron, and vitamin B12. Along with other kinds of red meat, high consumption is associated with an increased risk of colorectal cancer and coronary heart disease, especially when processed. Beef has a high environmental impact, with the highest per gram greenhouse gas emissions of any agricultural product. Requiring high land use, is the primary driver of deforestation in the Amazon rainforest, with approximately 80 percent of deforested land used for beef production.
The global beef market revenue amounted to 385.7 Billion Dollars in 2018, growing by 5.1 percent against the previous year. This figure reflects the total revenues of producers and importers excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price.
The most prominent rate of growth was recorded in 2011 when Imports increased by 16 percent year to year. Over the period under review, global beef imports reached their maximum in 2018 and are expected to retain their growth in the immediate term.
The market value increased at an average annual rate of plus 3.2 percent over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of 11 percent year to year. Global beef consumption peaked in 2018 and is expected to retain its growth in the near future.
In 2018, approximately 70 million tonnes of beef were produced worldwide; flattening from the previous year. In general, beef production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when Production Volume increased by 1.8 percent against the previous year. Over the period under review, global beef production reached its peak figure volume in 2018 and has continued its growth in the immediate term.
The generally positive trend in terms of beef output was largely conditioned by a relatively flat trend pattern of the number of producing animals and a relatively flat trend pattern in yield figures.
In value terms, beef production stood at 392.3 Billion Dollars in 2018 estimated by export prices. The total output value increased at an average annual rate of plus 4.3 percent over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of 19 percent year on year. Global beef production peaked in 2018 and is likely to see steady growth in the immediate term.
Beef exports by Country
In 2018, Brazil exported 1.3 million tonnes of beef, followed by Australia 857 thousand tonnes, the U.S. with 691 thousand tonnes, New Zealand with 436 thousand tonnes, Ireland with 410 thousand tonnes, the Netherlands with 383 thousand tonnes, and Argentina with 367 thousand tonnes were the major exporters of beef, together with mixing up 55 percent of total exports. Canada with 345 thousand tonnes, India with 337 thousand tonnes, Poland with 325 thousand tonnes, Uruguay with 283 thousand tonnes, and Germany with 266 thousand tonnes took a relatively small share of total exports.
From 2007 to 2018, the most notable rate of growth in terms of exports, among the main exporting countries, was attained by Poland, while the other global leaders experienced more modest paces of growth.
In value terms, the largest beef markets worldwide were Brazil with 5.3 Billion Dollars, the U.S. with 4.8 Billion Dollars, and Australia with 4.7 Billion Dollars, together comprising 36 percent of global exports. Ireland, the Netherlands, New Zealand, Argentina, Canada, Uruguay, Poland, Germany, and India lagged somewhat behind, together comprising a further 40 percent.
In terms of the main exporting countries, Poland experienced the highest rates of growth in exports, over the last eleven-year period, while the other global leaders experienced more modest paces of growth.
In 2018, the average beef export price amounted to 5,052 dollars per tonne, leveling off from the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of plus 2.3 percent.
The pace of growth was the most pronounced in 2008 when the average export price increased by 20 percent year to year. Over the period under review, the average export prices for beef attained their maximum at 5,370 dollars per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.
There were significant differences in the average Export Price prices amongst the major exporting countries. In 2018, the country with the highest Export Price price was the U.S. with 6,894 per tonne, while India with 3,448 per tonne was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of Export Price prices was attained by India, while the other global leaders experienced more modest paces of growth.
Global Beef Importation
In 2018, the global imports of beef stood at 9.5 Million tonnes, increasing by 4.3 percent from the previous year. The total import volume increased at an average annual rate of plus 2.3 percent over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 7.4 percent year to year. Global imports peaked in 2018 and are expected to retain their growth in the near future.
In value terms, beef imports totaled 47.3 Billion Dollars in 2018. Overall, the total imports indicated a remarkable increase from 2007 to 2018: their value increased at an average annual rate of plus 2.3 percent over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.
Based on 2018 figures, beef imports increased by plus 15.4 percent against 2016 indices. The most prominent rate of growth was recorded in 2011 when Imports increased by 16 percent year to year. Over the period under review, global beef imports reached their maximum in 2018 and are expected to retain their growth in the immediate term.
Top Beef Importing Countries :
In 2018, China imported up to 1 million tonnes of beef, the U.S. did 912 thousand tonnes, Vietnam shipped 619 thousand tonnes of beef, Japan imported 610 thousand tonnes, South Korea's beef import was 442 thousand tonnes, Italy shipped in 386 thousand tonnes, Germany imported 367 thousand tonnes of beef, Russia did 359 thousand tonnes, the Netherlands brought in 356 thousand tonnes, the UK imported up to 294 thousand tonnes and France with the beef import of 247 thousand tonnes represented the largest importers of beef in the world, making up 64 percent of total import.
From 2007 to 2018, the most notable rate of growth in terms of imports, among the main importing countries, was attained by China, while the other global leaders experienced more modest paces of growth.
In value terms, the largest beef importing markets worldwide were the U.S with Billion Dollars, China with 4.7 Billion Dollars, and Japan with 3.5 Billion Dollars, together accounting for 28 percent of global imports.
China recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2018, the average beef import price amounted to 4,996 dollars per tonne, increasing by 2.2 percent from the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of plus 2.3 percent. The pace of growth appeared the most rapid in 2008 an increase of 18 percent year to year. Global import prices peaked at 5,104 dollars per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.
There were significant differences in the average Import Price prices amongst the major importing countries. In 2018, the country with the highest Import Price price was South Korea with 6,415 dollars per tonne, while Vietnam importing at 3,258 dollars per tonne was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of Import Price prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.
WATCH FULL VIDEO BELOW: BEEF TOP IMPORT & EXPORT COUNTRIES - TOP BEEF IMPORTING AND EXPORTING COUNTRIES (COW MEAT BUSINESS)
https://www.youtube.com/watch?v=pflGBG62bRM
Conclusion
Global beef market revenue amounted to 385.7 billion dollars in 2018, growing by 5.1 percent against the previous year. The largest beef markets worldwide were Brazil, Australia and the U.S. China recorded the highest growth rate of imports, in terms of the main importing countries.
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