India: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in India

The Indian market for frozen pig meat other than cuts or carcases fell modestly to $X in 2022, approximately equating the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.3% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in India

In value terms, production of frozen pig meat other than cuts or carcases fell slightly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from India

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen pig meat other than cuts or carcases, when their volume increased by 111% to X tons. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 1,084% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases surged to $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 1,545% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from India, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at +188.8%.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania stood at +314.5%.

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, increasing by 13% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen pig meat other than cuts or carcases decreased by -23.2% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +90.8% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into India

In 2022, the amount of frozen pig meat other than cuts or carcases imported into India soared to X tons, picking up by 16% compared with 2021. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 121%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases totaled $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 128%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of frozen pig meat other than cuts or carcases to India, with a 61% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+98.4% per year) and Poland (+49.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to India, comprising 64% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by Poland, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+77.1% per year) and Poland (+49.1% per year).

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, shrinking by -1.7% against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Belgium ($X per ton), while the price for Poland ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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