Southern Asia: Market for Prepared or Preserved Meat 2024

Market Size for Prepared or Preserved Meat in Southern Asia

The South Asian prepared or preserved meat market declined slightly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Prepared or Preserved Meat in Southern Asia

In value terms, prepared or preserved meat production shrank to $X in 2022 estimated in export price. The total production indicated a prominent 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Prepared or Preserved Meat

Exports in Southern Asia

In 2022, shipments abroad of prepared or preserved meat decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared or preserved meat exports fell to $X in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Pakistan (X tons) was the key exporter of prepared or preserved meat, comprising X% of total exports. Bangladesh (X tons) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%) and India (X%).

Pakistan was also the fastest-growing in terms of the prepared or preserved meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) and India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest prepared or preserved meat supplying countries in Southern Asia were Pakistan ($X), Sri Lanka ($X) and Bangladesh ($X), together accounting for X% of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 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 ($X per ton), while Bangladesh ($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.

Imports of Prepared or Preserved Meat

Imports in Southern Asia

In 2022, purchases abroad of prepared or preserved meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, prepared or preserved meat imports declined to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Afghanistan (X tons) represented the key importer of prepared or preserved meat, achieving X% of total imports. Maldives (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%) and Bangladesh (X%). Pakistan (X tons) and Sri Lanka (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to prepared or preserved meat imports into Afghanistan stood at X%. At the same time, Bangladesh (X%), Maldives (X%) and India (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of Maldives (X p.p.), Bangladesh (X p.p.), India (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), Maldives ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Bangladesh, Pakistan and Sri Lanka lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of 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, shrinking by X% against the previous year. In general, the import price, however, saw tangible growth. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :