India: Canned Meat Market 2024

Canned Meat Market Size in India

The Indian canned meat market fell slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Canned Meat Production in India

In value terms, canned meat production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Canned Meat Exports

Exports from India

In 2022, after five years of growth, there was significant decline in shipments abroad of canned meat, when their volume decreased by X% to X tons. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, canned meat exports declined dramatically to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for canned meat exports from India, accounting for a X% share of total exports. Moreover, canned meat exports to Kuwait exceeded the volume sent to the second major destination, Bhutan (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X% per year) and Hong Kong SAR (X% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for canned meat exports from India, comprising X% of total exports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average canned meat export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a resilient increase. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into India

In 2022, overseas purchases of canned meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a pronounced expansion 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, canned meat imports soared to $X in 2022. Over the period under review, total imports indicated a noticeable expansion 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Sri Lanka (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of canned meat imports to India, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) constituted the largest supplier of canned meat to India, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average canned meat import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :