Trade Trends
Global exports of pure-bred breeding cattle declined slightly from $1.29B in 2019 to $1.23B in 2023, marking a 4.87% decrease over the five-year period. The highest export value during this timeframe was recorded in 2021 at $1.45B, followed by a contraction in subsequent years.
This downward trend reflects challenges in the industry, including fluctuating demand, regulatory changes, and potential impacts of disease outbreaks or environmental factors affecting livestock trade. USD$ figures highlight the need for strategic adaptation within the sector to address these challenges and explore emerging markets.
Top Trading Countries
- Bulgaria emerged as the leading exporter in 2024 with $157.84M, up significantly from $91.12M in 2023 and $606,222.61 in 2019. This represents an extraordinary 14,931.59% increase from 2019 to 2023 and a 73.21% rise from 2023 to 2024.
- Netherlands recorded $136.25M in 2024, down from $144.06M in 2023 but up from $106.25M in 2019. This reflects a 35.58% increase from 2019 to 2023 and a 5.42% decline from 2023 to 2024.
- France posted $107.32M in 2024, down from $117.13M in 2023 and $127.14M in 2019. This marks a 7.88% decrease from 2019 to 2023 and an 8.38% decline from 2023 to 2024.
- Germany exported $88.39M in 2024, down from $109.53M in 2023 and $229.12M in 2019. This reflects a significant 52.2% decrease from 2019 to 2023 and a 19.3% drop from 2023 to 2024.
- Australia recorded $72.99M in 2024, down from $105.90M in 2023 and $213.92M in 2019. This marks a 50.49% decline from 2019 to 2023 and a 31.08% decrease from 2023 to 2024.
- Ireland reached $74.00M in 2024, up from $43.58M in 2023 and $36.18M in 2019. This represents a 20.45% increase from 2019 to 2023 and a 69.83% rise from 2023 to 2024.
On the Rise
- Belgium expanded from $5.85M in 2019 to $12.30M in 2023 and $12.78M in 2024. This reflects a 110.33% increase from 2019 to 2023 and a modest 3.89% rise from 2023 to 2024.
- Slovakia grew from $7.77M in 2019 to $10.95M in 2023 and $16.64M in 2024. This marks a 41.04% increase from 2019 to 2023 and a 51.87% rise from 2023 to 2024.
These rising countries demonstrate promising growth trajectories, indicating diversification in export markets and potential opportunities for further expansion.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
