United Arab Emirates: Pork Market 2023

Pork Market Size in the United Arab Emirates

In 2022, after four years of growth, there was significant decline in the pork market in the United Arab Emirates, when its value decreased by -9.1% to $X. Overall, consumption, however, saw resilient growth. Pork consumption peaked at $X in 2021, and then shrank in the following year.

Pork Exports

Exports from the United Arab Emirates

In 2022, the amount of pork exported from the United Arab Emirates skyrocketed to X tons, growing by 76% against the previous year. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 166%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pork exports expanded modestly to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 95% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Grenada (X tons) was the main destination for pork exports from the United Arab Emirates, with a 61% share of total exports. Moreover, pork exports to Grenada exceeded the volume sent to the second major destination, Georgia (X tons), twofold. The third position in this ranking was taken by Sri Lanka (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Grenada stood at +9,525.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+33.3% per year) and Sri Lanka (+194.5% per year).

In value terms, Grenada ($X) emerged as the key foreign market for pork exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 17% share of total exports. It was followed by Georgia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Grenada amounted to +28,474.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+88.7% per year) and Georgia (+23.1% per year).

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, waning by -41% against the previous year. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 76%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Seychelles ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Grenada (+196.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into the United Arab Emirates

In 2022, after four years of growth, there was significant decline in overseas purchases of pork, when their volume decreased by -10.4% to X tons. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, pork imports contracted to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of pork to the United Arab Emirates, accounting for a 68% share of total imports. Moreover, pork imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.1% per year) and Canada (-6.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of pork to the United Arab Emirates, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.8% per year) and Germany (+13.3% per year).

Import Prices by Country

The average pork import price stood at $X per ton in 2022, with an increase of 4.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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