Southern Asia: Pork Market 2022

Pork Market Size in Southern Asia

In 2021, the South Asian pork market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pork Production in Southern Asia

In value terms, pork production amounted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

India (X tons) remains the largest pork producing country in Southern Asia, 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.

In India, pork production remained relatively stable over the period from 2012-2021.

In 2021, the average pork yield in Southern Asia expanded slightly to X kg per head, growing by X% on 2020. Over the period under review, the yield saw a relatively flat trend pattern. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for pork production in Southern Asia; standing approx. at the previous year. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by X%. As a result, the number of producing animals attained the peak level of X heads. From 2018 to 2021, the growth of this number remained at a somewhat lower figure.

Production By Country in Southern Asia

India (X tons) constituted the country with the largest volume of pork production, 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.

In India, pork production remained relatively stable over the period from 2012-2021.

Pork Exports

Exports in Southern Asia

In 2021, overseas shipments of pork were finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, pork exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

India dominates exports structure, recording X tons, which was near X% of total exports in 2021. It was distantly followed by Pakistan (X tons), creating a X% share of total exports. Sri Lanka (X tons) took a relatively small share of total exports.

Exports from India increased at an average annual rate of +X% from 2012 to 2021. At the same time, Sri Lanka (+X%) and Pakistan (+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 2012-2021. India (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pork export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+X%), while the other leaders experienced mixed trends in the export price figures.

Pork Imports

Imports in Southern Asia

In 2021, the amount of pork imported in Southern Asia skyrocketed to X tons, increasing by X% compared with 2020. In general, imports, however, showed a noticeable shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pork imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons) and Bhutan (X tons) represented roughly X% of total imports in 2021. Maldives (X tons) took the next position in the ranking, followed by Afghanistan (X tons). All these countries together took approx. X% share of total imports. The following importers - Sri Lanka (X tons) and Pakistan (X tons) - each finished at a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), India ($X) and Bhutan ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

In terms of the main importing countries, Maldives, with a CAGR of +X%, recorded 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 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Maldives ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform