GCC: Pork Market 2024

Pork Market Size in GCC

In 2022, after two years of growth, there was significant decline in the GCC pork market, when its value decreased by X% to $X. The total consumption indicated a prominent increase from 2012 to 2022: its value 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. Over the period under review, the market hit record highs at $X in 2021, and then shrank dramatically in the following year.

Pork Production in GCC

In value terms, pork production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Oman (X tons) remains the largest pork producing country in GCC, comprising approx. X% of total volume.

In Oman, pork production expanded at an average annual rate of X% over the period from 2012-2022.

Pork Exports

Exports in GCC

In 2022, approx. X tons of pork were exported in GCC; dropping by X% compared with the previous year. In general, exports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pork exports fell markedly to $X in 2022. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X tons, which amounted to X% of total exports. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%). Bahrain (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pork exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest pork supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, pork exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the export price figures.

Pork Imports

Imports in GCC

In 2022, overseas purchases of pork decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated buoyant growth from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, pork imports declined rapidly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value 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. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Bahrain (X tons), making up a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the pork imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. From 2012 to 2022, the share of Bahrain decreased 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 ($X) constitutes the largest market for imported pork in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Source: IndexBox Platform

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