Middle East: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in the Middle East

The Middle Eastern frozen pork carcase market fell markedly to $X in 2022, waning by -18.6% against the previous year. Overall, consumption, however, showed a measured increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Frozen Pork Carcase Production in the Middle East

In value terms, frozen pork carcase production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1,348% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Bahrain (X tons) constituted the country with the largest volume of frozen pork carcase production, accounting for 85% of total volume. Moreover, frozen pork carcase production in Bahrain exceeded the figures recorded by the second-largest producer, Iran (X tons), sevenfold. The third position in this ranking was taken by Oman (X kg), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume in Bahrain was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Iran (+0.9% per year) and Oman (-13.4% per year).

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Frozen Pork Carcase Exports

Exports in the Middle East

In 2022, overseas shipments of frozen carcases of pig meat were finally on the rise to reach X tons after two years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 332%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, frozen pork carcase exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 314%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 91% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), committing a 7.8% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of frozen carcases of pig meat. At the same time, the United Arab Emirates (+11.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +11.9% from 2012-2022. While the share of Turkey (+91 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-24.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest frozen pork carcase supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.9% share of total exports.

In Turkey, frozen pork carcase exports declined by an average annual rate of -4.5% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with a decrease of -7.6% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen pork carcase export price decreased by -29.8% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 86% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.1%).

Frozen Pork Carcase Imports

Imports in the Middle East

In 2022, the amount of frozen carcases of pig meat imported in the Middle East fell to X tons, shrinking by -10% against 2021 figures. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 85%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen pork carcase imports reduced slightly to $X in 2022. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 116%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the major importer of frozen carcases of pig meat, making up 67% of total imports. It was distantly followed by Turkey (X tons), mixing up a 28% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the frozen carcases of pig meat imports, with a CAGR of +7.0% from 2012 to 2022. Turkey (-3.0%) illustrated a downward trend over the same period. Turkey (+28 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -12.1% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen carcases of pig meat in the Middle East, comprising 67% of total imports. The second position in the ranking was taken by Turkey ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +5.4%.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 5.8% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The growth pace was the most rapid in 2017 when the import price increased by 17%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%).

Source: IndexBox Platform

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