Southern Asia: Processed Meat Market 2024

Processed Meat Market Size in Southern Asia

The South Asian processed meat market reduced slightly to $X in 2022, declining by X% against the previous year. The total consumption indicated temperate growth 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 stood at a somewhat lower figure.

Processed Meat Production in Southern Asia

In value terms, processed meat production dropped to $X in 2022 estimated in export price. The total production indicated a measured 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Processed Meat Exports

Exports in Southern Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of processed meat, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, processed meat exports fell slightly to $X in 2022. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Pakistan represented the key exporting country with an export of around X tons, which accounted for X% of total exports. India (X tons) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%) and Sri Lanka (X%).

Pakistan was also the fastest-growing in terms of the processed meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bangladesh (X p.p.), Sri Lanka (X p.p.) and India (X p.p.) displayed negative dynamics.

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

In Pakistan, processed meat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Sri Lanka (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. Overall, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a 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 ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the export price figures.

Processed Meat Imports

Imports in Southern Asia

In 2022, the amount of processed meat imported in Southern Asia soared to X tons, jumping by X% compared with the previous year. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, processed meat imports skyrocketed to $X in 2022. Overall, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan (X tons) and Maldives (X tons) represented the main importers of processed meat in 2022, accounting for near X% and X% of total imports, respectively. India (X tons) ranks next in terms of the total imports with a X% share, followed by Bhutan (X%) and Bangladesh (X%). Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Maldives, processed meat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Afghanistan (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated a moderate increase 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, processed meat import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Pakistan ($X per ton), while Afghanistan ($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

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