India: Meat And Poultry Market 2024

Meat And Poultry Market Size in India

The Indian meat and poultry market contracted slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in India

In value terms, meat and poultry production totaled $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; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of meat and poultry in India was estimated at X kg per head in 2022, almost unchanged from the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the average meat and poultry yield remained at a somewhat lower figure.

In 2022, number of animals slaughtered for meat and poultry production in India expanded slightly to X heads, picking up by X% on 2021 figures. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2020; afterwards, it flattened through to 2022.

Meat And Poultry Exports

Exports from India

In 2022, overseas shipments of meat and poultry increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat and poultry exports contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Malaysia (X tons) and Vietnam (X tons) were the main destinations of meat and poultry exports from India, together accounting for X% of total exports. Indonesia, Iraq, Saudi Arabia, the United Arab Emirates, the Philippines, Jordan and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from India were Malaysia ($X), Egypt ($X) and Vietnam ($X), together accounting for X% of total exports. Indonesia, Iraq, the United Arab Emirates, Saudi Arabia, the Philippines, Jordan and Thailand lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into India

In 2022, the amount of meat and poultry imported into India dropped to X tons, declining by X% compared with the previous year's figure. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports soared to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Belgium (X tons) and the United Arab Emirates (X tons) were the main suppliers of meat and poultry imports to India, together accounting for X% of total imports. Lebanon, Brazil, Thailand, New Zealand, Spain, Bahrain, Italy, Poland, Australia and Jordan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Belgium ($X), New Zealand ($X) and the United States ($X) constituted the largest meat and poultry suppliers to India, with a combined X% share of total imports. The United Arab Emirates, Brazil, Italy, Thailand, Spain, Australia, Lebanon, Poland, Bahrain and Jordan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a mild setback. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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