Middle East: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in the Middle East

In 2020, the Middle Eastern preserved swine belly market increased by X% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Preserved Swine Belly Production in the Middle East

In value terms, preserved swine belly production reached $X in 2020 estimated in export prices. The total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in the immediate term.

Production By Country in the Middle East

The countries with the highest volumes of preserved swine belly production in 2020 were Turkey (X tons), Iran (X tons) and Saudi Arabia (X tons), together comprising X% of total production. Iraq, Syrian Arab Republic, Israel and Jordan lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of preserved swine belly production, amongst the key producing countries, was attained by Jordan, while preserved swine belly production for the other leaders experienced more modest paces of growth.

Preserved Swine Belly Exports

Exports in the Middle East

In 2020, after five years of decline, there was significant growth in shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume increased by X% to X tons. Over the period under review, exports enjoyed a buoyant increase. Over the period under review, exports reached the maximum at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved swine belly exports soared to $X in 2020. In general, exports continue to indicate strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in preserved swine belly exports structure, resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of bellies and cuts of swine (salted, in brine, dried or smoked). the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Turkey increased by +X% percentage points, while the United Arab Emirates (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) emerged as the largest preserved swine belly supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, preserved swine belly exports remained relatively stable over the period from 2007-2020.

Export Prices by Country

In 2020, the preserved swine belly export price in the Middle East amounted to $X per ton, declining by -X% against the previous year. In general, the export price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2019, and then plummeted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Preserved Swine Belly Imports

Imports in the Middle East

In 2020, after two years of growth, there was significant decline in purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports soared to $X in 2020. Total imports indicated a tangible increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in the near future.

Imports by Country

In 2020, the United Arab Emirates (X tons) was the key importer of bellies and cuts of swine (salted, in brine, dried or smoked), committing X% of total imports. Turkey (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Iran (X%), Iraq (X%), Israel (X%), Saudi Arabia (X%) and Syrian Arab Republic (X%).

From 2007 to 2020, average annual rates of growth with regard to preserved swine belly imports into the United Arab Emirates stood at -X%. At the same time, Iran (+X%), Iraq (+X%), Syrian Arab Republic (+X%), Saudi Arabia (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. Turkey experienced a relatively flat trend pattern. While the share of Iran (+X p.p.), Iraq (+X p.p.), Syrian Arab Republic (+X p.p.), Saudi Arabia (+X p.p.), Israel (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the United Arab Emirates (-X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bellies and cuts of swine (salted, in brine, dried or smoked) in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the United Arab Emirates stood at -X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and Iran (+X% per year).

Import Prices by Country

In 2020, the preserved swine belly import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Iraq ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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