Prepared or preserved beef and offal market in Southern Asia

Earlier Report Observations

The market volume for prepared or preserved beef and offal in Southern Asia fluctuated between 2018 and 2023, rising from 22 430 metric tons in 2018 to a peak of 23 464 metric tons in 2021. This growth was interrupted by a decline to 22 314 metric tons in 2020, followed by a sharp drop to 21 345 metric tons in 2022, before a partial recovery to 21 888 metric tons in 2023.

By 2024, the market environment in the region, particularly in India, was influenced by several key factors. The domestic meat market's large scale supported demand for processed bovine meat products. Urban lifestyles driving the need for convenience, alongside the expansion of modern retail formats like hypermarkets and supermarkets, improved product availability and access. Consumer preferences also shifted towards prepared meats with fewer chemical preservatives and a fresher profile, reflecting heightened health consciousness, while rising disposable incomes further bolstered consumption.

Production prepared or preserved beef and offal in Southern Asia

In kind, 2017-2020, t

Top producers of prepared or preserved beef and offal, 2017-2020

World map of production of prepared or preserved beef and offal, 2017-2020

Production of prepared or preserved beef and offal in Southern Asia declined after two years of growth. In 2019, output reached its peak at 23,127 tonnes, representing a 2.7% increase from the previous year. However, by 2020, production had fallen to 22,605 tonnes, marking a slight decline of 2.3% compared to 2019.

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

In value, 2017-2020, M $ US

The value of prepared or preserved beef and offal production in Southern Asia declined for the second consecutive year. In 2018, production peaked at $108.3 million US, showing a significant 22.6% increase from 2017. By 2020, the value had dropped to $70.6 million US, a sharp 26.6% decrease compared to 2019. Overall, between 2017 and 2020, production value fell by 20.1%, equivalent to an annualized decline of 7.2%.

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

Exports prepared or preserved beef and offal from Southern Asia

Exports in kind, t

Exports of prepared or preserved beef and offal from Southern Asia increased for the second year in a row. In 2018, export volume hit its lowest point at 316.7 tonnes, reflecting an 18.6% decline from 2017. By 2020, exports had risen to 553.5 tonnes, a substantial 65.8% increase compared to 2019. Over the period from 2017 to 2020, export volume grew by 42.3%, with an annualized growth rate of 12.5%.

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

From 2017 to 2020, Iraq, Hong Kong, and Turkey were the leading destinations for exports in kind. Iraq accounted for 38.2% of exports, Hong Kong for 18.7%, and Turkey for 3.3%. Together, these three countries represented 60.3% of total export flows.

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

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

Exports in value, K $ US

After two years of decline, the value of prepared or preserved beef and offal exports from Southern Asia increased. In 2019, exports reached their lowest point at $1,389 thousand US, an 8.8% drop from 2018. By 2020, exports had recovered to $1,729 thousand US, showing a solid 24.5% gain compared to the previous year. Over the 2017-2020 period, export value rose by 11.4%, with a compound annual growth rate of 3.7%.

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

Throughout 2017 to 2020, Iraq, Hong Kong, and Turkey remained the key partners in export value terms. Iraq contributed 46.1% of exports, Hong Kong 16.2%, and Turkey 5.4%. Combined, these three countries accounted for 67.7% of total export flows.

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

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

Imports prepared or preserved beef and offal to Southern Asia

Imports in kind, t

Imports of prepared or preserved beef and offal into Southern Asia showed mixed trends. In 2018, imports were at their lowest at 226.0 tonnes. By 2019, they surged to 330.3 tonnes, a significant 46.1% increase from 2018. However, in 2020, imports dropped to 262.7 tonnes, a sharp 20.5% decline compared to 2019. Overall, between 2017 and 2020, import volume increased by 11.3%, with an annualized growth rate of 3.6%.

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

From 2017 to 2020, the United Arab Emirates, Australia, and Malaysia were the top suppliers of imports in kind. The United Arab Emirates accounted for 21.5% of imports, Australia for 20.1%, and Malaysia for 10.2%. Together, these three countries made up 51.7% of total import flows.

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

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

Imports in value, K $ US

After two years of reduction, the value of prepared or preserved beef and offal imports into Southern Asia increased. In 2018, imports saw their largest decline of 7.2%. By 2019, they had fallen to their lowest point at $1,487 thousand US. In 2020, imports rebounded to $1,864 thousand US, a strong 25.4% increase year-over-year. Over the 2017-2020 period, import value grew by 8.1%, with a compound annual growth rate of 2.6%.

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

From 2017 to 2020, Australia, the United Arab Emirates, and Malaysia accounted for the largest share of imports in value terms. Australia contributed 24.7% of imports, the United Arab Emirates 22.7%, and Malaysia 9.4%. Combined, these three countries comprised 56.8% of total import flows.

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

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