Global export markets for beef are dynamic

Global export markets for beef are dynamic

These five countries were projected to export a total of 6.83 mill. tons of beef, about 70% of the total quantity of major world beef exporters.

India is currently the top beef exporting country with a 2017 forecast of total 1.85 mill. tons for water buffalo exports. The beef industry in India is mostly operated by Muslim companies which are increasingly in conflict with the Hindu dominated federal government and also in some Indian states.

Brazil, the number two beef exporting countries is forecasted to export 1.80 mill. tons in 2017. Brazil has been rocked recently by several scandals, so it is not clear how much impact these scandals might have on total beef exports in 2017.

Australia has dropped to third place for beef exporting countries with a total export quantity of 1.4 mill. tons. The country is beginning to recover from a serious drought that forced cattle herd liquidation and temporarily swelled beef production and exports in the last 3 years. Australia is seeing reduced the beef exports to all its major markets including Japan, USA, South Korea and China.

The United States are the fourth largest beef exporting country with a forecast of around 1.236 mill. tons. The US is in a unique temporary position to increase global market share in major export markets given the disruptions and uncertainty among other major beef exporters. The long anticipated opening of China will provide an opportunity for beef exports to grow significantly over the time.

The number five of beef exporting countries is New Zealand with a total of 545,000 tons. The country is working to expand market share in China with a new agreement that allows for chilled beef exports in addition to frozen beef exports to China.

Rounding out the top ten of beef exporting countries in 2017 are: Canada (450), Uruguay (430), Paraguay (380), European Union (355) and Mexico (290).