Global Beef (Cattle Meat) Market Outlook
Global beef (cattle meat) production amounted to 65,936 thousand tonnes in 2015, rising by +1.4% against the previous year level. Overall, the global beef (cattle meat) output pursued a moderate growth from 2007 to 2015. The trend pattern was relatively stable, with only minor fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +0.7%. The growth pace was the most rapid in 2013, when the output figure increased by +2% from the previous year level. Over the period under review, the global beef (cattle meat) production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.
Over the analyzed period, an increase in global beef (cattle meat) production was primarily driven by disposable income growth and growth of population. Furthermore, these key drivers are expected to continue promoting the beef (cattle meat) output in the immediate term. This general positive trend was largely conditioned by a measured expansion of the harvested area and a moderate improvement of the yield figures.
The countries with the highest levels of production in 2015 were the United States (11,304 thousand tonnes), Brazil (9,984 thousand tonnes), China (6,689 thousand tonnes), together accounting for 42% of total output. From 2007 to 2015, the most notable growth rates in almond production among the main producing countries was attained by China (+1.7% per year), while the other global leaders experienced mixed trends in the output figures.
The world beef (cattle meat) producing animals (slaughtered) amounted to 307,371 thousand head in 2015, which was 1.5% more than the previous year figure. The producing animals (slaughtered) indicated a slight increase over the period under review, representing a compound annual growth rate of +0.7% from 2007 to 2015. This trend pattern was relatively stable throughout the analyzed period. Over the period under review, the total beef (cattle meat) producing animals (slaughtered) peaked in 2015, and is likely to continue its expansion in the immediate term, following rising demand for beef (cattle meat) globally.
The global average beef (cattle meat) yield/carcass weight amounted to 2 thousand hg/An in 2015, fluctuating near the previous year level. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +0.0% from 2007 to 2015. These yield figures maintained, all in all, a stable trend pattern throughout the analyzed period. The highest beef (cattle meat) yields were recorded in 2014, when it peaked at 2 thousand hg/An. Afterwards, it decreased slightly and then fluctuated around these levels throughout the analyzed period.
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