GCC: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in GCC

The GCC frozen pork cut market reduced to $X in 2022, shrinking by -10.4% against the previous year. In general, consumption, however, showed a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Pork Cut Production in GCC

In value terms, frozen pork cut production declined to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by 82%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Saudi Arabia (X tons) remains the largest frozen pork cut producing country in GCC, accounting for 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Saudi Arabia stood at +11.2%.

Frozen Pork Cut Exports

Exports in GCC

In 2022, exports of frozen hams, shoulders and cuts of pig meat in GCC skyrocketed to X tons, growing by 78% compared with the previous year's figure. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,175% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, frozen pork cut exports fell to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 443% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was near 97% of total exports in 2022. Saudi Arabia (X tons) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the frozen hams, shoulders and cuts of pig meat exports, with a CAGR of +29.4% from 2012 to 2022. Saudi Arabia experienced a relatively flat trend pattern. While the share of the United Arab Emirates (+12 p.p.) and Saudi Arabia (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest frozen pork cut supplier in GCC, comprising 96% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.2% share of total exports.

In the United Arab Emirates, frozen pork cut exports increased at an average annual rate of +30.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by -50.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 314% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

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 Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.9%).

Frozen Pork Cut Imports

Imports in GCC

In 2022, approx. X tons of frozen hams, shoulders and cuts of pig meat were imported in GCC; which is down by -8.7% on the year before. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 62% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen pork cut imports declined to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2022. It was distantly followed by Qatar (X tons), making up a 6.7% share of total imports. Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen pork cut imports into the United Arab Emirates stood at +1.6%. At the same time, Qatar (+89.4%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +89.4% from 2012-2022. By contrast, Bahrain (-8.5%) illustrated a downward trend over the same period. Qatar (+6.7 p.p.) and the United Arab Emirates (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by -5.1% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in GCC, comprising 74% of total imports. The second position in the ranking was held by Qatar ($X), with a 22% share of total imports.

In the United Arab Emirates, frozen pork cut imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+96.3% per year) and Bahrain (-7.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, shrinking by -6.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform