Beef Export in 2016-17 Meet Export in 2017,india
India's beefiness exports slide to 9-yr depression every bit Vietnam demand falls
The rise and fall of beef exports seem linked to demand from the Southeast nation rather than domestic factors
June 23, 2021 / 05:27 PM IST
Aircraft import and export containers labeled for meat, 3D rendering (Source: Shutterstock)
Bharat'southward beefiness exports have dropped to the lowest level in virtually a decade, impacted more by a turn down in demand from Vietnam than past local restrictions on trade and slaughter of livestock, trade data show.
The value and book of beefiness 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 $3.2 billion in 2012-13, according to trade data published by the department of commerce. Beef shipments had peaked in 2014-15, when meat worth $iv.78 billion left Indian ports, bookkeeping for 1.v pct of the country's full exports. The share of beef in India's exports is now a trivial above 1 percent, a level that information technology has maintained for the past three years.
Vietnam was the height destination for Indian beef for several years and helped the country become the largest exporter of beefiness while also contributing to its fall from that position. Some reports propose Vietnam was used as a transhipment port for a sizeable portion of the meat shipments from India.
Vietnam'southward share in Bharat'south beefiness exports past volume climbed to a peak of 55 pct in 2017-18 from 28 percent in 2017-18%, while in value terms, it swelled to 57 percent from 29 percent during this period.
Vietnam now accounts for about 11 percent in volume terms and 13 percentage by value, according to data published past the Agronomical and Processed Food Products Export Evolution Authorisation. The fall in exports to Vietnam was beginning past an increase in exports to other destinations, and that prevented a large fall in trade volume and value in 2020-21.
Every bit demand from Vietnam and other countries in South East Asia, Due west Asia and Africa grew, Republic of india'south beef exports grew in loftier double-digits and peaked at ane.47 million metric tonnes in 2014-xv, more than doubling since 2010-xi.
The slide started before long after every bit domestic protests past the cattle protection lobby grew strident. After dropping to 1.31 meg tonnes in 2015-16, exports were fiddling changed in the following ii years and began failing again in 2018-19 every bit imports by Vietnam started falling.
The US Department of Agriculture estimates that India's share in world beef exports past volume barbarous from 21 percent in calendar year 2014 to 12 percent in 2020.
Rise to the summit & fall
India's rising in the global beefiness export market started in calendar year 2010 when the world began to bounciness dorsum from the fiscal and economical crisis of 2008 and demand for relatively cheap meat grew. That yr, the volume of beef exports from India jumped 51 percent to 917,000 metric tonnes, according to the USDA.
India closed in on Australia, the 2d-largest exporter so, and widened its lead over New Zealand, the fourth-largest, every bit exports from the 2 Southern Hemisphere countries barely grew that yr.
India displaced Australia to become the 2d-largest beef exporter in 2012 and ii years later dislodged Brazil to accept the summit position.
The adjacent few years saw Indian regime impose restrictions on the movement of livestock and increasing attacks by cow vigilantes. As global economic growth chastened, world beefiness exports slowed in 2015 and 2016, with both India and Brazil reporting a decline in their exports. Still, Republic of india connected to be the top exporter.
India's beef exports even exceeded basmati shipment in value terms from 2014-15 to 2016-17 after Islamic republic of iran sharply reduced purchases of the aromatic rice. Beefiness had the biggest share in farm produce exports by value in those 3 years.
The order changed in 2017 as global demand picked up with faster economic growth. Brazil fabricated a more robust recovery and reclaimed its top position in beef exports. After the selection-upwardly of 2017, India's beefiness exports resumed the slide in 2018 and lost the 2nd position to Commonwealth of australia.
India is dorsum in the 3rd spot and unlikely to face any competitive challenge.
Trade data suggests that cow vigilantism may have affected domestic consumption more than exports. One indicator is the proposed revision of the wholesale price index series with 2017-18 equally the new base year. The weight assigned to beef has been cutting past 66 percent, implying that household and consumer expenditure on beef has declined since the last revision with 2011-12 as the base of operations twelvemonth.
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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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