Rabobank’s world beef map: trade into the 2020s
Global beef trade has continued to grow over the last five years, and will continue to do so over the next five years, driven by strong consumption growth in Asia. The new Rabobank World Beef map provides a visual snapshot of beef production, consumption, and trade around the world.
Rabobank believes that global beef trade will continue rising over the next five years, driven by strong consumption growth in Asia. But with increased trade comes increased exposure and increased challenges.
While global beef trade is expected to continue growing over the coming years, Rabobank believes that there will be increasing uncertainty around trade. “Geopolitical tensions, biosecurity risks, and the increasing use of non-tariff barriers mean trade positions can change very quickly,” according to Angus Gidley-Baird, senior animal protein analyst.
“However, we believe a number of steps can be used to help minimize the impacts, or potentially take advantage, of the uncertainties that will continue to arise. Those in beef trade will need to respond by being more agile, less transactional, and more committed to two-way trade, including co-investment by importer and exporter to build sustainable beef trade flows.”