Southern Asia: Pork Market 2024

Pork Market Size in Southern Asia

After four years of decline, the South Asian pork market increased by X% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pork Production in Southern Asia

In value terms, pork production shrank to $X in 2022 estimated in export price. The total production indicated a slight 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 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of pork production was India (X tons), accounting for X% of total volume. Moreover, pork production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest.

The average pork yield dropped modestly to X kg per head in 2022, remaining relatively unchanged against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the pork yield hit record highs at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, the number of animals slaughtered for pork production in Southern Asia amounted to X heads, approximately equating the previous year's figure. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by X% against the previous year. As a result, the amount of producing animals attained the peak level of X heads. From 2018 to 2022, the growth of this number failed to regain momentum.

Pork Exports

Exports in Southern Asia

In 2022, the amount of pork exported in Southern Asia contracted notably to X tons, dropping by X% against the previous year. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, pork exports contracted remarkably to $X in 2022. In general, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

India prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. The following exporters - Sri Lanka (X tons), Nepal (X tons) and Pakistan (X tons) - each amounted to a X% share of total exports.

India was also the fastest-growing in terms of the pork exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) and Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, pork export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Pork Imports

Imports in Southern Asia

In 2022, the amount of pork imported in Southern Asia totaled X tons, surging by X% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, pork imports soared to $X in 2022. Overall, imports continue to indicate pronounced growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Bhutan (X tons), distantly followed by Maldives (X tons), India (X tons), Sri Lanka (X tons) and Afghanistan (X tons) were the key importers of pork, together making up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Maldives (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pork importing markets in Southern Asia were Maldives ($X), Bhutan ($X) and India ($X), together accounting for X% of total imports.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up 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 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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