Tons of Beef Exported by India
India's beef exports slide to nine-yr low as Vietnam demand falls
The rise and fall of beef exports seem linked to need from the Southeast nation rather than domestic factors
June 23, 2021 / 05:27 PM IST
Shipping import and consign containers labeled for meat, 3D rendering (Source: Shutterstock)
India's beef exports have dropped to the lowest level in virtually a decade, impacted more by a decline in demand from Vietnam than by local restrictions on merchandise and slaughter of livestock, merchandise information show.
The value and volume of beef exports accept fallen below levels recorded in 2012-13. India exports buffalo meat, or carabeef, as the slaughter of cattle is prohibited given that many Indians consider cows sacred.
Beef exports were valued at $3.17 billion in 2020-21 compared with $three.2 billion in 2012-13, according to trade data published by the department of commerce. Beef shipments had peaked in 2014-xv, when meat worth $iv.78 billion left Indian ports, accounting for 1.5 percent of the country's full exports. The share of beefiness in Republic of india's exports is at present a little to a higher place ane pct, a level that it has maintained for the past three years.
Vietnam was the tiptop destination for Indian beefiness for several years and helped the state become the largest exporter of beef while also contributing to its fall from that position. Some reports advise Vietnam was used as a transhipment port for a sizeable portion of the meat shipments from India.
Vietnam's share in India'south beefiness exports by volume climbed to a pinnacle of 55 per centum in 2017-18 from 28 per centum in 2017-18%, while in value terms, it swelled to 57 percent from 29 percent during this period.
Vietnam now accounts for virtually 11 per centum in book terms and 13 percent by value, according to data published by the Agricultural and Processed Food Products Export Development Authority. The fall in exports to Vietnam was starting time past an increment in exports to other destinations, and that prevented a big fall in trade volume and value in 2020-21.
As need from Vietnam and other countries in South East Asia, West Asia and Africa grew, India's beefiness exports grew in high double-digits and peaked at i.47 one thousand thousand metric tonnes in 2014-fifteen, more than doubling since 2010-eleven.
The slide started before long later every bit domestic protests past the cattle protection lobby grew strident. After dropping to 1.31 meg tonnes in 2015-xvi, exports were little changed in the post-obit two years and began failing again in 2018-19 as imports by Vietnam started falling.
The U.s.a. Section of Agriculture estimates that India's share in world beefiness exports by volume savage from 21 percent in agenda year 2014 to 12 percent in 2020.
Rise to the top & fall
India's ascension in the global beefiness consign market started in agenda year 2010 when the earth began to bounce back from the financial and economical crisis of 2008 and demand for relatively cheap meat grew. That yr, the book of beef exports from India jumped 51 percentage to 917,000 metric tonnes, according to the USDA.
Bharat closed in on Australia, the 2nd-largest exporter then, and widened its atomic number 82 over New Zealand, the fourth-largest, as exports from the ii Southern Hemisphere countries barely grew that year.
Bharat displaced Australia to become the second-largest beefiness exporter in 2012 and two years later on dislodged Brazil to take the top position.
The side by side few years saw Indian authorities impose restrictions on the motility of livestock and increasing attacks by moo-cow vigilantes. As global economic growth moderated, world beef exports slowed in 2015 and 2016, with both India and Brazil reporting a reject in their exports. Nonetheless, Republic of india continued to exist the top exporter.
Republic of india'south beef exports even exceeded basmati shipment in value terms from 2014-15 to 2016-17 after Iran sharply reduced purchases of the aromatic rice. Beef had the biggest share in subcontract produce exports by value in those iii years.
The order changed in 2017 as global demand picked up with faster economic growth. Brazil made a more robust recovery and reclaimed its summit position in beef exports. Afterward the pick-upwards of 2017, India's beefiness exports resumed the slide in 2018 and lost the second position to Australia.
India is back in the tertiary spot and unlikely to confront whatsoever competitive challenge.
Trade data suggests that moo-cow vigilantism may have affected domestic consumption more than than exports. One indicator is the proposed revision of the wholesale price index series with 2017-18 every bit the new base of operations year. The weight assigned to beef has been cut by 66 percent, implying that household and consumer expenditure on beef has declined since the last revision with 2011-12 equally the base year.
Source: https://www.moneycontrol.com/news/india/indias-beef-exports-slide-to-9-year-low-as-vietnam-demand-falls-7076731.html
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