India: Canned Meat Market 2025

Canned Meat Market Size in India

The Indian canned meat market rose significantly to $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Canned Meat Production in India

In value terms, canned meat production soared to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 83%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Canned Meat Exports

Exports from India

In 2021, overseas shipments of canned meat increased by 17% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports posted a slight expansion. The growth pace was the most rapid in 2017 when exports increased by 460%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, canned meat exports shrank modestly to $X in 2021. Over the period under review, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 802% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for canned meat exports from India, accounting for a 65% share of total exports. Moreover, canned meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. The third position in this ranking was taken by Myanmar (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+132.3% per year) and Myanmar (+24.0% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for canned meat exports from India, comprising 44% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 20% share of total exports. It was followed by Thailand, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+8.7% per year) and Thailand (+52.0% per year).

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, shrinking by -16.9% against the previous year. In general, the export price, however, saw a slight expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 61%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.6%), while the prices for the other major destinations experienced a decline.

Canned Meat Imports

Imports into India

In 2021, purchases abroad of canned meat increased by 78% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.3% against 2018 indices. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, canned meat imports skyrocketed to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.2% against 2018 indices. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sri Lanka (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of canned meat imports to India, with a combined 74% share of total imports. Belgium, Singapore, Italy and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +88.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat suppliers to India were Sri Lanka ($X), Spain ($X) and Singapore ($X), with a combined 72% share of total imports.

Singapore, with a CAGR of +116.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average canned meat import price amounted to $X per ton, reducing by -8.1% 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 2013 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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