Pakistan: Pork Market 2023

Pork Market Size in Pakistan

In 2022, the Pakistani pork market decreased by -20.2% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, recorded a remarkable increase. Pork consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pork Production in Pakistan

In value terms, pork production shrank markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 76%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Pork Exports

Exports from Pakistan

After two years of growth, overseas shipments of pork decreased by -2.2% to X tons in 2022. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 150% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pork exports dropped to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 83%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pork exports from Pakistan, with a 95% share of total exports. Moreover, pork exports to the United Arab Emirates exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +14.4%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for pork exports from Pakistan, comprising 94% of total exports. The second position in the ranking was taken by Angola ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +14.5%.

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 9.2%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+2.5%).

Pork Imports

Imports into Pakistan

Pork imports into Pakistan expanded markedly to X tons in 2022, picking up by 7.3% against the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 509% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pork imports reached $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 952% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Canada (X tons) and the United States (X tons) were the main suppliers of pork imports to Pakistan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pork to Pakistan, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-1.9% per year) and the United States (+17.4% per year).

Import Prices by Country

The average pork import price stood at $X per ton in 2022, surging by 2.4% against the previous year. In general, the import price saw a mild increase. The pace of growth was the most pronounced in 2019 an increase of 73% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Canada ($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 United Arab Emirates (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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