GCC: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in GCC

The GCC fresh pork cut market fell dramatically to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Cut Production in GCC

In value terms, fresh pork cut production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Saudi Arabia (X kg) remains the largest fresh pork cut producing country in GCC, comprising approx. X% of total volume.

In Saudi Arabia, fresh pork cut production increased at an average annual rate of X% over the period from 2012-2022.

Fresh Pork Cut Exports

Exports in GCC

In 2022, overseas shipments of fresh or chilled hams, shoulders and cuts of pig meat were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, fresh pork cut exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of fresh or chilled hams, shoulders and cuts of pig meat in GCC, making up X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest fresh pork cut supplier in GCC.

In the United Arab Emirates, fresh pork cut exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed temperate growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Fresh Pork Cut Imports

Imports in GCC

In 2022, approx. X tons of fresh or chilled hams, shoulders and cuts of pig meat were imported in GCC; dropping by X% compared with 2021. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fresh pork cut imports shrank markedly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of fresh or chilled hams, shoulders and cuts of pig meat in GCC, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bahrain (X tons), mixing up a X% share of total imports. Qatar (X tons) held a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the fresh or chilled hams, shoulders and cuts of pig meat imports, with a CAGR of X% from 2012 to 2022. Bahrain (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fresh or chilled hams, shoulders and cuts of pig meat in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with an X% share of total imports.

In the United Arab Emirates, fresh pork cut imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork cut import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :