Beef Market Overview in India
In value terms, beef production expanded markedly to $ in estimated in export prices. Overall, the total production indicated a pronounced expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2014; however, from 2015 to , production remained at a lower figure.
In , the average yield of beef (cattle meat) in India stood at kg per head, approximately reflecting the year before. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of % y-o-y. The beef yield peaked at kg per head in 2018; afterwards, it flattened through to .
In , number of animals slaughtered for beef production in India was estimated at heads, remaining stable against the previous year. In general, the number of producing animals saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by % y-o-y. Over the period under review, this number attained the peak level at heads in 2013; however, from 2014 to , producing animals failed to regain the momentum.
The revenue of the beef market in India skyrocketed to $ in , surging by % 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 market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2009; however, from 2010 to , consumption failed to regain the momentum.