Pakistan: Processed Meat Market 2024

Processed Meat Market Size in Pakistan

The Pakistani processed meat market dropped to $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a perceptible 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, consumption decreased by X% against 2019 indices. Processed meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Processed Meat Production in Pakistan

In value terms, processed meat production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion 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 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports from Pakistan

After five years of growth, overseas shipments of processed meat decreased by X% to X tons in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, processed meat exports shrank to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for processed meat exports from Pakistan, accounting for a X% share of total exports. Moreover, processed meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. Qatar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Qatar (X% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for processed meat exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Pakistan

In 2022, overseas purchases of processed meat decreased by X% to X tons, falling for the sixth year in a row after five years of growth. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, processed meat imports shrank dramatically to $X in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), the United Arab Emirates (X tons) and Jordan (X tons) were the main suppliers of processed meat imports to Pakistan, 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 Jordan (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest processed meat suppliers to Pakistan were Malaysia ($X), the United Arab Emirates ($X) and Jordan ($X), with a combined X% share of total imports.

Jordan, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average processed meat import price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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