MENA: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in MENA

The MENA's frozen pork cut market contracted to $X in 2022, shrinking by -2.7% against the previous year. In general, consumption, however, recorded a resilient increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Pork Cut Production in MENA

In value terms, frozen pork cut production dropped to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 44%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Iran (X tons) and Saudi Arabia (X tons), together accounting for 90% of total production. Morocco and Lebanon lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +11.7%), while production for the other leaders experienced more modest paces of growth.

Frozen Pork Cut Exports

Exports in MENA

In 2022, the amount of frozen hams, shoulders and cuts of pig meat exported in MENA skyrocketed to X tons, growing by 36% against the year before. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 496% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen pork cut exports fell to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 146% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates represented the largest exporter of frozen hams, shoulders and cuts of pig meat in MENA, with the volume of exports finishing at X tons, which was approx. 64% of total exports in 2022. Turkey (X tons) took the second position in the ranking, followed by Lebanon (X tons). All these countries together held approx. 34% share of total exports. Saudi Arabia (X tons) held a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +29.4% from 2012 to 2022. At the same time, Lebanon (+44.0%) and Turkey (+21.0%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in MENA, with a CAGR of +44.0% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey, Lebanon and Saudi Arabia increased by +19, +10 and +1.9 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest frozen pork cut supplier in MENA, comprising 69% of total exports. The second position in the ranking was taken by Turkey ($X), with a 22% share of total exports. It was followed by Lebanon, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +30.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+14.4% per year) and Lebanon (+24.5% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, declining by -32.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 153%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.9%), while the other leaders experienced a decline in the export price figures.

Frozen Pork Cut Imports

Imports in MENA

Frozen pork cut imports declined to X tons in 2022, falling by -8.4% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 50%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen pork cut imports contracted to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +39.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was near 84% of total imports in 2022. It was distantly followed by Qatar (X tons), comprising a 6.3% share of total imports. Turkey (X tons), Bahrain (X tons) and Jordan (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Qatar (+89.4%), Jordan (+16.0%) and Turkey (+10.1%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +89.4% from 2012-2022. By contrast, Bahrain (-8.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+9.6 p.p.), Qatar (+6.3 p.p.) and Turkey (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen hams, shoulders and cuts of pig meat in MENA, comprising 68% of total imports. The second position in the ranking was held by Qatar ($X), with a 20% share of total imports. It was followed by Bahrain, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+96.3% per year) and Bahrain (-7.0% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with a decrease of -6.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 21%. As a result, import price reached the peak level of $X per ton, and then reduced 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 more modest paces of growth.

Source: IndexBox Platform