In 2023, Brazil led the global export market for prepared or preserved bovine meat and offal, despite a slight decrease of 0.47% year-on-year. Ireland, Germany, and the United States showed growth, demonstrating their significant roles. Canada and Poland experienced notable year-on-year growth of over 5%. Argentina saw a significant decline, marking a 7.27% drop. Japan recorded remarkable growth over 16% year-on-year.
The five-year CAGR indicates consistent growth trends in several markets, with countries like Kuwait displaying substantial potential at 25.48%. Conversely, countries like Ukraine and Bosnia and Herzegovina saw dramatic declines in recent years.
Looking forward, watch for emerging players like Kuwait, showing robust expansion, and Japan, with considerable market uptake. The market's dynamism suggests shifts, with potential for growth in regions seeing increased demand for prepared bovine products. Sustainability and health standards will remain crucial drivers influencing future trends in this industry.
Top countries in Export of Prepared or Preserved Bovine Meat and Offal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 21.13 | 2023 | -0.091% | -0.47% | View data |
| 2 | 2 Ireland | 11.6 | 2023 | +1.99% | +2.07% | View data |
| 3 | 3 Germany | 8.84 | 2023 | +1.4% | +1.1% | View data |
| 4 | 4 United States | 8.79 | 2023 | +1.51% | +2.69% | View data |
| 5 | 5 New Zealand | 5.66 | 2023 | +3.16% | +1.77% | View data |
| 6 | 6 Poland | 5.53 | 2023 | +3.75% | +3.3% | View data |
| 7 | 7 Belgium | 4.33 | 2023 | +1.13% | +0.56% | View data |
| 8 | 8 Netherlands | 3.58 | 2023 | +2.89% | +2.69% | View data |
| 9 | 9 China | 3.15 | 2023 | +0.36% | +0.26% | View data |
| 10 | 10 France | 3.07 | 2023 | +2% | +2.18% | View data |
