Middle East: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in the Middle East

The Middle Eastern fresh pork carcase market rose modestly to $X in 2022, increasing by 4.8% against the previous year. Overall, consumption, however, recorded strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Carcase Production in the Middle East

In value terms, fresh pork carcase production fell slightly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 -9.5% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 67% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Iran (X tons) and Syrian Arab Republic (X tons), with a combined 85% share of total production. Israel, the United Arab Emirates and Oman lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Oman (with a CAGR of +5.4%), while production for the other leaders experienced more modest paces of growth.

Fresh Pork Carcase Exports

Exports in the Middle East

In 2022, approx. X tons of fresh or chilled carcases of pig meat were exported in the Middle East; with an increase of 19% against the previous year. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 323%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fresh pork carcase exports soared to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 320%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Oman prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2022. It was distantly followed by Israel (X tons), mixing up a 9.2% share of total exports. Turkey (X tons) took a little share of total exports.

Oman was also the fastest-growing in terms of the fresh or chilled carcases of pig meat exports, with a CAGR of +60.2% from 2012 to 2022. At the same time, Turkey (+17.1%) and Israel (+9.5%) displayed positive paces of growth. Oman (+86 p.p.) and Turkey (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -40.2% from 2012 to 2022, respectively.

In value terms, Oman ($X) remains the largest fresh pork carcase supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by Israel ($X), with a 5.8% share of total exports.

In Oman, fresh pork carcase exports increased at an average annual rate of +42.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+7.5% per year) and Turkey (+11.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 21% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork carcase export price decreased by -16.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 69%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a 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 Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-1.8%), while the other leaders experienced a decline in the export price figures.

Fresh Pork Carcase Imports

Imports in the Middle East

Fresh pork carcase imports shrank rapidly to X tons in 2022, reducing by -28% against the year before. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 171% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, fresh pork carcase imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 180% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kuwait (X tons) was the main importer of fresh or chilled carcases of pig meat, achieving 58% of total imports. Iraq (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Oman (9.5%), the United Arab Emirates (9.4%) and Palestine (5.3%). The following importers - Lebanon (X tons) and Turkey (X tons) - each amounted to a 5.6% share of total imports.

Imports into Kuwait increased at an average annual rate of +38.4% from 2012 to 2022. At the same time, Iraq (+70.8%), the United Arab Emirates (+38.5%), Lebanon (+31.4%), Oman (+20.8%), Turkey (+15.9%) and Palestine (+9.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +70.8% from 2012-2022. From 2012 to 2022, the share of Kuwait, Iraq, the United Arab Emirates and Turkey increased by +24, +12, +3.9 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in the Middle East, comprising 64% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Iraq, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait amounted to +54.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+34.2% per year) and Iraq (+67.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by 13% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork carcase import price decreased by -35.0% against 2020 indices. The growth pace was the most rapid in 2019 when the import price increased by 45%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :