Southern Asia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2023

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Southern Asia

The South Asian market for fresh or chilled pig meat other than cuts or carcases contracted to $X in 2022, waning by -7.3% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.5% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Southern Asia

In value terms, production of fresh or chilled pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases, comprising approx. 77% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled +9.2%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (+3.7% per year) and Nepal (+3.7% per year).

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in Southern Asia

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were exported in Southern Asia; which is down by -37.9% compared with 2021 figures. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of 3,499%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases fell dramatically to $X in 2022. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 2,277% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The shipments of the one major exporters of fresh or chilled pig meat other than cuts or carcases, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the fresh or chilled pig meat other than cuts or carcases exports, with a CAGR of -3.8% from 2012 to 2022. From 2012 to 2022, the share of India increased by +11 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fresh pork other than cuts or carcases supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at -12.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the export price increased by 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.8% per year.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in Southern Asia

In 2022, purchases abroad of fresh or chilled pig meat other than cuts or carcases increased by 11% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2017 with an increase of 115% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases expanded notably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of around X tons, which resulted at 67% of total imports. Afghanistan (X tons) ranks second in terms of the total imports with a 23% share, followed by Maldives (5.1%). The following importers - Pakistan (X tons) and Bhutan (X tons) - each recorded a 3.8% share of total imports.

Imports into India decreased at an average annual rate of -1.4% from 2012 to 2022. At the same time, Pakistan (+37.7%), Bhutan (+9.3%) and Maldives (+1.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +37.7% from 2012-2022. By contrast, Afghanistan (-1.1%) illustrated a downward trend over the same period. Pakistan (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -2.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases in Southern Asia, comprising 78% of total imports. The second position in the ranking was held by Afghanistan ($X), with a 16% share of total imports. It was followed by Maldives, with a 2.9% share.

In India, imports of fresh or chilled pig meat other than cuts or carcases remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (-2.8% per year) and Maldives (-6.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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 India ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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