India: Pork Market 2023

Pork Market Size in India

The Indian pork market reduced slightly to $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Pork consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Pork Production in India

In value terms, pork production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 59%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of pork in India totaled X kg per head in 2022, remaining constant against the year before. Overall, the yield saw a relatively flat trend pattern. The pork yield peaked in 2022 and is expected to retain growth in years to come.

In 2022, the number of animals slaughtered for pork production in India reached X heads, remaining constant against the previous year's figure. In general, the number of producing animals, however, showed a mild slump. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by 3.9% against the previous year. As a result, the number of producing animals reached the peak level of X heads. From 2018 to 2022, the growth of this number remained at a lower figure.

Pork Exports

Exports from India

Pork exports from India shrank sharply to X tons in 2022, which is down by -36.9% on the year before. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 384%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, pork exports dropped rapidly to $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 438% against the previous year. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Bhutan (X tons) was the main destination for pork exports from India, with a 96% share of total exports. It was followed by Nepal (X tons), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bhutan totaled +54.9%.

In value terms, Bhutan ($X) remains the key foreign market for pork exports from India, comprising 98% of total exports. The second position in the ranking was taken by Nepal ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bhutan stood at +66.1%.

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, picking up by 1.6% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pork export price increased by +32.4% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Nepal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+45.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into India

In 2022, approx. X tons of pork were imported into India; picking up by 11% compared with the year before. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pork imports amounted to $X in 2022. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 100% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of pork to India, accounting for a 67% share of total imports. Moreover, pork imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.0% per year) and Italy (+4.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of pork to India, comprising 63% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and Spain (+5.4% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, growing by 2.6% against the previous year. In general, the import price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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