Southern Asia: Frozen Pork Cut Market Overview 2021

Frozen Pork Cut Market Size in Southern Asia

In 2019, the South Asian frozen pork cut market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in the near future.

Frozen Pork Cut Production in Southern Asia

In value terms, frozen pork cut production expanded notably to $X in 2019 estimated in export prices. The total production indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.

India (X tonnes) constituted the country with the largest volume of frozen pork cut production, comprising approx. X% of total volume. Moreover, frozen pork cut production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), threefold. The third position in this ranking was occupied by Bangladesh (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in India stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+X% per year) and Bangladesh (-X% per year).

Production By Country in Southern Asia

India (X tonnes) remains the largest frozen pork cut producing country in Southern Asia, comprising approx. X% of total volume. Moreover, frozen pork cut production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), threefold. Bangladesh (X tonnes) ranked third in terms of total production with a X% share.

In India, frozen pork cut production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+X% per year) and Bangladesh (-X% per year).

Frozen Pork Cut Exports

Exports in Southern Asia

In 2019, shipments abroad of frozen hams, shoulders and cuts of pig meat decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. Overall, exports showed a perceptible slump. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, frozen pork cut exports totaled $X in 2019. In general, exports saw a notable increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The level of export peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, India (X tonnes) was the main exporter of frozen hams, shoulders and cuts of pig meat, achieving X% of total exports. It was distantly followed by Sri Lanka (X tonnes), committing a X% share of total exports.

Exports from India decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Sri Lanka increased by +X% percentage points, while India (-X p.p.) saw their share reduced.

In value terms, India ($X) remains the largest frozen pork cut supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value in India stood at +X%.

Export Prices by Country

In 2019, the frozen pork cut export price in Southern Asia amounted to $X per tonne, surging by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% y-o-y. The level of export peaked in 2019 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Sri Lanka ($X per tonne), while India amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Frozen Pork Cut Imports

Imports in Southern Asia

In 2019, purchases abroad of frozen hams, shoulders and cuts of pig meat increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen pork cut imports soared to $X in 2019. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

India represented the key importing country with an import of about X tonnes, which finished at X% of total imports. Maldives (X tonnes) took the second position in the ranking, followed by Afghanistan (X tonnes). All these countries together took near X% share of total imports. Pakistan (X tonnes) held a minor share of total imports.

India was also the fastest-growing in terms of the frozen hams, shoulders and cuts of pig meat imports, with a CAGR of +X% from 2007 to 2019. At the same time, Maldives (+X%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, Afghanistan (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Pakistan (-X p.p.), Maldives (-X p.p.) and Afghanistan (-X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Maldives ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

In India, frozen pork cut imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (+X% per year) and Afghanistan (-X% per year).

Import Prices by Country

In 2019, the frozen pork cut import price in Southern Asia amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was India ($X per tonne), while Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Maldives, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen hams, shoulders and cuts of pig meat in Southern Asia?

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The country with the largest volume of frozen pork cut consumption was India (197K tonnes), comprising approx. 56% of total volume. Moreover, frozen pork cut consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (64K tonnes), threefold. Bangladesh (59K tonnes) ranked third in terms of total consumption with a 17% share.

What are the largest producers of frozen hams, shoulders and cuts of pig meat in Southern Asia?

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The country with the largest volume of frozen pork cut production was India (196K tonnes), accounting for 56% of total volume. Moreover, frozen pork cut production in India exceeded the figures recorded by the second-largest producer, Pakistan (64K tonnes), threefold. Bangladesh (59K tonnes) ranked third in terms of total production with a 17% share.

What are the leading exporters of frozen hams, shoulders and cuts of pig meat in Southern Asia?

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In value terms, India ($62K) remains the largest frozen pork cut supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was occupied by Sri Lanka ($10K), with a 14% share of total exports.

What are the leading importers of frozen hams, shoulders and cuts of pig meat in Southern Asia?

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In value terms, India ($268K) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in Southern Asia, comprising 76% of total imports. The second position in the ranking was occupied by Maldives ($45K), with a 13% share of total imports. It was followed by Afghanistan, with a 9.2% share.

What is the average export price for frozen hams, shoulders and cuts of pig meat in Southern Asia?

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In 2019, the frozen pork cut export price in Southern Asia amounted to $4,270 per tonne, growing by 8.6% against the previous year.

What is the average import price for frozen hams, shoulders and cuts of pig meat in Southern Asia?

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In 2019, the frozen pork cut import price in Southern Asia amounted to $3,840 per tonne, growing by 4.8% against the previous year.