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

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

The MENA's market for frozen pig meat other than cuts or carcases reduced to $X in 2022, with a decrease of -5.4% against the previous year. Over the period under review, consumption, however, posted strong growth. 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.

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

In value terms, production of frozen pig meat other than cuts or carcases reduced slightly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +4.9% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 35% against the previous year. 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 comprising 62% of total production.

From 2012 to 2022, the most notable rate of growth in terms of carcases, amongst the main producing countries, was attained by Turkey (with a CAGR of +7.2%), while carcases for the other leaders experienced more modest paces of growth.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in MENA

In 2022, the amount of frozen pig meat other than cuts or carcases exported in MENA surged to X tons, growing by 28% compared with 2021. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by 55% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of frozen pig meat other than cuts or carcases stood at $X in 2022. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 57% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of frozen pig meat other than cuts or carcases, generating 58% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a 34% share of total exports. The following exporters - Bahrain (X tons) and Egypt (X tons) - each accounted for a 6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest frozen pig meat other than cuts or carcases supplier in MENA, comprising 63% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total exports. It was followed by Bahrain, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +6.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.6% per year) and Bahrain (+0.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, which is down by -12.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 49%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bahrain ($X per ton) and Turkey ($X per ton), while the United Arab Emirates ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in MENA

After four years of growth, purchases abroad of frozen pig meat other than cuts or carcases decreased by -9.7% to X tons in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases reduced to $X in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United Arab Emirates prevails in carcases structure, recording X tons, which was approx. 84% of total imports in 2022. Bahrain (X tons), Turkey (X tons), Iraq (X tons) and Lebanon (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen pig meat other than cuts or carcases imports into the United Arab Emirates stood at +9.4%. At the same time, Turkey (+155.8%), Iraq (+24.7%) and Bahrain (+6.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in MENA, with a CAGR of +155.8% from 2012-2022. By contrast, Lebanon (-1.5%) illustrated a downward trend over the same period. Turkey (+4.2 p.p.), the United Arab Emirates (+3.1 p.p.) and Iraq (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Lebanon saw its share reduced by -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen pig meat other than cuts or carcases in MENA, comprising 81% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 5.6% share of total imports. It was followed by Turkey, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +8.1%. In the other countries, the average annual rates were as follows: Bahrain (+5.1% per year) and Turkey (+157.7% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 4.4% against the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by 11%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform