India's buffalo meat exports are at a 9-year low as Vietnam reduces purchases

Published 2021년 6월 28일

Tridge summary

India, the largest global exporter of buffalo meat, has seen a decline in both the value and volume of its buffalo meat exports since 2012/13, with the export value dropping to $3.17 billion in 2020/21 from $3.2 billion in 2012/13. The country's peak in buffalo meat exports was in 2014/15, with a value of $4.78 billion, which accounted for 1.5% of the country's total exports. Vietnam, the main importer, has contributed to India's dominance as the world's top exporter of buffalo meat. However, a decrease in Vietnam's imports has led to a decline in India's market share, now standing at just over 1% of its total exports for the past three years. The decline in exports is attributed to domestic protests against livestock transport and a shift in global demand, with Brazil regaining its lead as the world's largest exporter of buffalo/beef meat.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India is the largest exporter of buffalo meat (carabeef, also known as water buffalo, or Indian beef) in the world. The country's export value and volume of buffalo meat has fallen to a lower level than in 2012/13. Specifically, India's buffalo meat exports in 2020/21 were worth $3.17 billion, compared with $3.2 billion in 2021/13, according to Commerce Ministry data. India's buffalo meat exports peaked in 2014/15, when the volume reached $4.78 billion, accounting for 1.5% of the country's total exports. However, the market share of buffalo meat in India's total exports is now just over 1% - this ratio has been maintained for the past three years. Vietnam has been the top destination for Indian buffalo meat for many years and has helped make the country the world's top exporter of buffalo meat. However, it is also Vietnam's reduction in imports that is causing India to gradually lose this position. A few years ago, as demand from Vietnam and other countries in Southeast Asia, West ...

Source: CafeF