India: Market for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in India

In 2022, the Indian market for pig meat other than hams or bellies (salted, in brine, dried or smoked) was finally on the rise to reach $X after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in India

In value terms, production of pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $X in 2022 estimated in export price. In general, the total production indicated a temperate 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Exports from India

In 2022, overseas shipments of pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) shrank notably to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Vietnam (X tons) was the main destination for exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) from India, accounting for a X% share of total exports. Moreover, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) to Vietnam exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to X%.

In value terms, the largest markets for salted, dried, or smoked pig meat other than hams or bellies exported from India were Vietnam ($X) and the United States ($X).

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%).

Imports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Imports into India

In 2022, overseas purchases of pig meat other than hams or bellies (salted, in brine, dried or smoked) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) soared to $X in 2022. In general, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Thailand (X tons) and Italy (X kg) were the main suppliers of imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) to India, together accounting for 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest salted, dried, or smoked pig meat other than hams or bellies suppliers to India were Thailand ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated prominent 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, import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform