India: Meat Dishes Market 2024

Meat Dishes Market Size in India

The Indian meat dishes market declined to $X in 2022, shrinking by -5.3% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +5.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Meat Dishes Production in India

In value terms, meat dishes production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +8.6% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 45%. Meat dishes production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from India

In 2022, after five years of growth, there was significant decline in shipments abroad of meat dishes, when their volume decreased by -48.5% to X tons. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 162% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, meat dishes exports fell slightly to $X in 2022. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 296%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Bhutan (X tons), Kuwait (X tons) and Qatar (X tons) were the main destinations of meat dishes exports from India, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bhutan (with a CAGR of +69.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Bhutan ($X) and Qatar ($X) constituted the largest markets for meat dishes exported from India worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Bhutan, with a CAGR of +69.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, surging by 86% against the previous year. Overall, the export price continues to indicate strong growth. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Hong Kong SAR ($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 Australia (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into India

In 2022, the amount of meat dishes imported into India contracted to X tons, declining by -10.7% compared with the previous year. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, meat dishes imports rose significantly to $X in 2022. In general, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest meat dishes supplier to India, with a 60% share of total imports. Moreover, meat dishes imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka stood at -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.4% per year) and Belgium (+6.9% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of meat dishes to India, comprising 62% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by Belgium, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.1% per year) and Belgium (+4.8% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Denmark ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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