HS Code:
The 'Of buffalo' category typically refers to products derived from buffalo, such as meat, hides, or dairy products, classified under various HS Codes depending on the specific product (e.g., HS 0201 or 0202 for buffalo meat, HS 4101 for raw hides). This category is significant in global trade, particularly in regions where buffalo farming is prevalent. Buffalo products are often used for food, leather production, and other industrial purposes. The trade of buffalo products is influenced by cultural dietary preferences, agricultural practices, and international trade agreements.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$500 million USD
41.7% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Increasing
$50 million USD
4.2% of total trade of total trade
Stable
Average Rate
12.5%
Highest Rate
35% (imposed by certain Middle Eastern countries on buffalo meat imports)
Lowest Rate
0% (under free trade agreements like ASEAN for specific buffalo products)
Rising demand for buffalo meat in Middle Eastern markets
Increased exports from South Asian countries like India and Pakistan due to cultural preferences and competitive pricing
2021-2022
Growing interest in buffalo leather products
Expansion of buffalo hide exports to European and North American markets for luxury leather goods
2020-2022
Shift towards sustainable and ethical farming
Pressure on exporters to meet international standards for animal welfare and environmental impact, affecting production costs
2019-2022
India has seen a significant increase in buffalo meat exports, driven by demand from Middle Eastern and Southeast Asian markets, supported by government incentives for meat processing industries.
March 2023
Strengthened India's position as the leading exporter, though it faces challenges with disease-related export bans in some regions.
The European Union introduced stricter sanitary and phytosanitary regulations for buffalo meat imports to prevent the spread of diseases, impacting exporters from developing countries.
January 2023
Increased compliance costs for exporters and potential reduction in trade volume to EU markets.
Pakistan has invested in modern buffalo meat processing facilities to meet international standards, aiming to boost exports to high-demand regions.
October 2022
Expected to enhance Pakistan's competitiveness in the global market, potentially challenging India's dominance.