In 2024, transfers from consumers to producers are highest in China at $9.21 billion, indicating strong domestic demand and possibly supportive policies. In Russia, Vietnam, and the United States, transfers remain stable with no significant year-on-year variations. Kazakhstan saw a notable increase of 7.89% from the previous year, suggesting rising market activity. Conversely, Colombia experienced a sharp decline of 28.27%. India and Argentina display negative values, implying subsidies or consumer-driven price controls. Significant 2023 rates such as China's 7.14% increase showcase growing consumer and market dynamics, while varying trends in other countries suggest diverse market influences.
Looking ahead, increased global demand for veal and beef, coupled with economic shifts, could further influence transfers. Observing trade policies and consumer preferences will be crucial in predicting these regional trends and understanding their broader economic impacts on the global market.
Top countries in Veal and Beef Transfers to Producers from Consumers by Country
| # | 9 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,210 | 2023 | +4.11% | +7.14% | View data |
| 2 | 2 Russia | 531.23 | 2023 | -14.26% | View data | |
| 3 | 3 Vietnam | 343.02 | 2023 | +3.36% | View data | |
| 4 | 4 Kazakhstan | 187.03 | 2023 | +28.16% | +7.89% | View data |
| 5 | 5 United States | 90.88 | 2023 | +40.05% | View data | |
| 6 | 6 Philippines | 57.95 | 2023 | +0.78% | +3.46% | View data |
| 7 | 7 Colombia | 56.78 | 2023 | +9.72% | -28.27% | View data |
| 8 | 8 India | -494.6 | 2023 | +3.68% | View data | |
| 9 | 9 Argentina | -1,720 | 2023 | +8.71% | View data |
