7 Reasons Why Meat Export is a Lucrative Business
Meat export is a booming industry that offers many benefits for entrepreneurs who want to tap into the global demand for animal products. Here are seven reasons why meat export is a lucrative business that you should consider.
1. Meat export is a high-value product.
Meat is one of the most expensive commodities in the world, especially when it comes to premium cuts and quality grades. According to the World Bank, the average price of beef was $4.6 per kilogram in 2020, while the average price of chicken was $2.3 per kilogram. These prices are much higher than other agricultural products, such as grains, fruits, and vegetables. By exporting meat, you can earn more revenue per unit of weight than other products.
2. Meat export is a growing market.
The global consumption of meat has been increasing steadily over the years, driven by population growth, urbanization, income growth, and dietary changes. According to the Food and Agriculture Organization (FAO), the global meat consumption was 360 million tons in 2019, and it is projected to reach 376 million tons in 2021. The main markets for meat export are China, Japan, the United States, the European Union, and Russia. These markets have a large and diverse population that demands different types of meat products, such as beef, pork, poultry, lamb, and goat.
3. Meat export is a competitive advantage.
Exporting meat can give you a competitive edge over your domestic rivals, as you can access new markets, customers, and opportunities that are not available in your local area. You can also benefit from economies of scale, as you can produce more meat at a lower cost per unit by using larger and more efficient facilities and equipment. Moreover, you can diversify your income sources and reduce your risks by spreading your sales across different countries and regions.
4. Meat export is a sustainable practice.
Exporting meat can help you improve your environmental and social impact, as you can adopt more sustainable practices in your production and processing methods. For example, you can use renewable energy sources, such as solar and wind power, to reduce your greenhouse gas emissions and carbon footprint. You can also use organic and natural feed, hormones, and antibiotics to ensure the health and welfare of your animals. Furthermore, you can support local communities and farmers by creating jobs, providing training, and sharing best practices.
5. Meat export is a legal requirement.
Exporting meat can help you comply with the legal regulations and standards that govern the international trade of animal products. These regulations and standards are designed to ensure the safety, quality, and traceability of meat products, as well as to prevent the spread of diseases and pests. By exporting meat, you can meet the requirements of various authorities and organizations, such as the World Trade Organization (WTO), the World Organization for Animal Health (OIE), the Codex Alimentarius Commission (CAC), and the International Organization for Standardization (ISO).
6. Meat export is a customer satisfaction.
Exporting meat can help you satisfy your customers’ needs and preferences, as you can offer them a wider range of products that suit their tastes and budgets. You can also customize your products according to their specifications, such as size, shape, color, flavor, packaging, labeling, and branding. By exporting meat, you can build long-term relationships with your customers and increase their loyalty and retention.
7. Meat export is a learning opportunity.
Exporting meat can help you learn new skills and knowledge that can enhance your business performance and growth. You can learn about different cultures, languages, customs, and regulations that affect the international trade of meat products. You can also learn from other exporters who have experience and expertise in the industry. By exporting meat, you can expand your horizons and discover new possibilities for your business.
Global Meat Export Trends
Beef and veal
According to Statista, the global market value of meat products is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. Beef and veal are among the most traded meat products, with a global export value of 51.2 billion U.S. dollars in 2020. The top exporters of beef and veal in 2020 were Brazil, Australia, the United States, India and Canada, accounting for 71% of the total export value. The main destinations for beef and veal exports were China, the United States, Japan, South Korea and Hong Kong.
The demand for beef and veal is influenced by several factors, such as income levels, consumer preferences, health concerns, environmental impacts and trade policies. In general, the demand for beef and veal is expected to grow in developing regions, especially in Asia and Africa, where population growth, urbanization and rising incomes are driving meat consumption. However, the demand for beef and veal may decline or stagnate in developed regions, where consumers are more aware of the health and environmental implications of meat production and consumption.
Pork
Pork is the most consumed meat in the world, with a global production of 119.5 million tons in 2020. China is the largest producer and consumer of pork, accounting for 48% of the global production and 40% of the global consumption in 2020. However, China is also a major importer of pork, due to the impact of African swine fever (ASF) on its domestic pig population. In 2020, China imported 4.4 million tons of pork, an increase of 99% from 2019.
The main exporters of pork in 2020 were the European Union, the United States, Canada, Brazil and Russia, with a combined export value of 24.6 billion U.S. dollars. The main destinations for pork exports were China, Japan, Mexico, South Korea and the United States. The demand for pork is expected to recover in China as its pig herd rebuilds from ASF. However, the demand for pork may face some challenges in other regions due to competition from other meats, animal welfare concerns and trade barriers.
Poultry meat
Poultry meat is the second most consumed meat in the world, with a global production of 131.8 million tons in 2020. The United States is the largest producer and exporter of poultry meat, accounting for 21% of the global production and 36% of the global export value in 2020. The main destinations for U.S. poultry meat exports were Mexico, China, Taiwan, Canada and Japan. Other major exporters of poultry meat include Brazil, the European Union, Thailand and Turkey.
The demand for poultry meat is expected to grow faster than other meats in the next decade, due to its lower price, higher feed efficiency and lower environmental impact. Poultry meat is also more versatile and adaptable to different cuisines and consumer preferences. However, the demand for poultry meat may face some risks from animal diseases, such as avian influenza and Newcastle disease, as well as trade disputes and food safety issues.
References:
https://beef2live.com/story-world-beef-production-country-0-106880
https://www.oie.int/fileadmin/Home/eng/Our_scientific_expertise/docs/pdf/AHID/AHID_2020.pdf
https://www.indexmundi.com/agriculture/?commodity=pork-meat&graph=exports
https://www.fao.org/3/cb5332en/Poultry.pdf
https://www.worldbank.org/en/topic/agriculture/brief/meat-prices
http://www.fao.org/3/cb3672en/cb3672en.pdf
https://www.wto.org/english/tratop_e/agric_e/agric_e.htm
https://www.oie.int/en/
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