As of 2019, the United States is the top global importing country with a 16.7% share equivalent to USD 3,748,478K in value. Following are Japan with USD 1,961,729K (8.7%), Germany with USD 1,786,825K (7.9%) and Italy 1,706,570K (7.6%), and the Netherlands with USD 1,400,732K (6.2%).
As of 2019, the United States is the top global exporting country with a 15.3% share equivalent to USD 3.562,210K in value. Following are Australia with USD 2,742,795K (11.8%), Netherlands with USD 2,339,062K (10%), Canada with USD 1,804,725K (7.7%), and Ireland with USD 1,800,397K (7.7%).
The world cattle inventory in 2020 was reported at 987.5 million head. India has the largest cattle inventory in the world in 2020 followed by Brazil & the United States. Roughly 65% of the world's cattle are in India, Brazil & the United States. The cattle inventory in India includes water buffalo. More than 90% of the world's cattle are not in the United States. The United States has the 3rd largest cattle inventory in the world in 2020.
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As of 2019, the top global producing country is the United States with a production of 12.35M MT. Following are Brazil (10.20M MT), and China (6.59M MT). The United States (North America) is the top producing country among other regions with a total production share of 24.&%. Other primary producing countries are China (Asia), Russia (Europe), Australia (Oceania), and South Africa (Africa).
Different countries use different measurements to grade their beef. This grading system pertains to the Australian grading system:
"A" indicates sourced from older cattle and is frozen beef.
Global beef consumption is forecasted to grow at an average rate of 1.1% rate a year out to 2023. Relative to 2019, global beef consumption is expected to grow by 3.3 MT by 2023. Asian countries are projected to have a continuously increasing beef consumption, followed by Latin America, North America, Africa, and Oceania. Population and income growth support the growing trend of consumption.