Market research

Beef and buffalo meat market in Asia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The beef and buffalo meat market in Asia expanded steadily from 2018 to 2020, with volume rising from 23.2 million tonnes to 24.2 million tonnes. Production increased during this period, supported by the Livestock Census 2019 which confirmed a growth in buffalo numbers, providing a more robust data foundation for the livestock sector.

Market growth accelerated from 2021 to 2023, with volume reaching 26.8 million tonnes. India's position as the world's largest milk producer contributed to higher buffalo meat output and exports. Rising demand among young consumers and increasing global recognition of Indian buffalo meat's quality and nutritional value drove consumption. In 2023, the Cabinet approved the Sustainable Livestock Health and Production Scheme with a budget of ₹1,702 crore to enhance animal health and productivity. For 2024, strong export demand from countries like Malaysia and Vietnam, preparations for the 21st Livestock Census to modernize data, and expanded insurance coverage for indigenous cattle under the Pashu Dhan Bima Yojana indicated continued sector support, while supply chain disruptions helped maintain high meat prices.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef and buffalo meat in Asia

In kind, 2017-2020, K t

Top producers of beef and buffalo meat, 2017-2020

Source: SHEV.io

World map of production of beef and buffalo meat, 2017-2020

Source: SHEV.io

Asia's beef and buffalo meat production declined after two years of growth. In 2019, production reached its peak at 20 217 K t, marking a 1.9% increase. However, in 2020, output fell to 19 936 K t, showing a slight year-over-year decline of 1.4%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.3%	1.9%	(1.4%)	0.6%

Source: SHEV.io

In value, 2017-2020, B $ US

Asia's beef and buffalo meat production value rebounded after two years of decline. In 2019, it hit a low of 96.3 B $ US, with the largest drop of 1.2% occurring in 2018. By 2020, production value rose significantly to 119.9 B $ US, reflecting a notable 24.5% increase compared to 2019. Over the 2017-2020 period, overall growth was 22.6%, translating to a compound annual growth rate of 7.0%.

Annual dynamics of production in Asia in value, 2017-2020, B $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.2%)	(0.4%)	24.5%	7.0%

Source: SHEV.io

Exports beef and buffalo meat from Asia

Exports in kind, K t

Asia's beef and buffalo meat exports declined after two years of growth. In 2018, shipments surged by 61.9%, reaching a peak of 291 K t in 2019. However, in 2020, exports dropped sharply to 135 K t, indicating an abrupt 53.4% year-over-year decline. Despite this, exports grew by 16.3% overall from 2017 to 2020, with a compound annual growth rate of 5.2%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	61.9%	54.2%	(53.4%)	5.2%

Source: SHEV.io

From 2017 to 2020, Asia, not elsewhere specified, and Russia were the leading destinations in Asia's beef and buffalo meat export structure by volume, together accounting for 6.5% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Asia's beef and buffalo meat export value declined after two years of increase. In 2018, it saw the largest rise of 58.0%, peaking at 1 384 M $ US in 2019. In 2020, export value fell to 814 M $ US, representing an intense 41.2% decline compared to the previous year. Over the 2017-2020 period, exports grew by 40.1% overall, equating to an annualized rate of 11.9%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	58.0%	50.8%	(41.2%)	11.9%

Source: SHEV.io

From 2017 to 2020, the largest buyers of Asia's beef and buffalo meat by value were Asia, not elsewhere specified (6.3% of exports), the United States (3.4%), and Russia (0.8%). Together, these three accounted for 10.5% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports beef and buffalo meat to Asia

Imports in kind, K t

Asia's beef and buffalo meat imports increased for the third consecutive year. In 2020, imports reached a total volume, showing a modest 4.0% advance compared to 2019. Between 2017 and 2020, imports grew by 45%, equating to an annualized rate of 13.2%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.8%	18.4%	4.0%	13.2%

Source: SHEV.io

From 2017 to 2020, Brazil (22.9% of imports by volume), Australia (21.0%), and the United States (14.9%) formed the core of Asia's beef and buffalo meat imports, together taking 58.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Asia's beef and buffalo meat import value increased for the third consecutive year. In 2020, imports registered 23 693 M $ US, showing a moderate 4.9% year-over-year gain. Over the 2017-2020 period, imports grew by 53%, with a compound annual growth rate of 15.2%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	21.6%	20.0%	4.9%	15.2%

Source: SHEV.io

From 2017 to 2020, Australia (23.8% of imports by value), Brazil (20.6%), and the United States (20.3%) led as the top suppliers of beef and buffalo meat to Asia, with their combined share reaching 64.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io