MENA: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in MENA

The MENA's frozen pork carcase market reduced to $X in 2022, with a decrease of -12.9% against the previous year. In general, consumption, however, showed a tangible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Pork Carcase Production in MENA

In value terms, frozen pork carcase production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,293% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Bahrain (X tons) remains the largest frozen pork carcase producing country in MENA, comprising approx. 84% of total volume. Moreover, frozen pork carcase production in Bahrain exceeded the figures recorded by the second-largest producer, Iran (X tons), sevenfold. Oman (X kg) ranked third in terms of total production with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume in Bahrain was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Iran (+0.9% per year) and Oman (-13.4% per year).

Frozen Pork Carcase Exports

Exports in MENA

After two years of decline, overseas shipments of frozen carcases of pig meat increased by 20% to X tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 287%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, frozen pork carcase exports rose sharply to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 313%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), creating a 7.6% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of frozen carcases of pig meat. At the same time, the United Arab Emirates (+11.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +11.9% from 2012-2022. Turkey (+89 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -21.2% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest frozen pork carcase supplier in MENA, comprising 92% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at -4.5%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, declining by -7.8% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen pork carcase export price decreased by -28.8% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 86%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.1%).

Frozen Pork Carcase Imports

Imports in MENA

In 2022, approx. X tons of frozen carcases of pig meat were imported in MENA; falling by -5% against the previous year's figure. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 69%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen pork carcase imports reduced modestly to $X in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 96%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of frozen carcases of pig meat, generating 57% of total imports. Turkey (X tons) held the second position in the ranking, distantly followed by Tunisia (X tons) and Morocco (X tons). All these countries together took approx. 38% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen pork carcase imports into the United Arab Emirates stood at +7.0%. At the same time, Morocco (+196.6%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +196.6% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Turkey (-3.0%) illustrated a downward trend over the same period. Turkey (+24 p.p.) and Morocco (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Tunisia saw its share reduced by -6.5% and -10.8% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen carcases of pig meat in MENA, comprising 58% of total imports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total imports. It was followed by Tunisia, with a 7.9% share.

In the United Arab Emirates, frozen pork carcase imports increased at an average annual rate of +5.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (-2.5% per year) and Tunisia (+1.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by 4.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkey ($X per ton) and the United Arab Emirates ($X per ton), while Tunisia ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform