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

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in the Middle East

The Middle Eastern market for frozen pig meat other than cuts or carcases contracted to $X in 2022, shrinking by -6% against the previous year. Over the period under review, consumption, however, enjoyed a strong increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in the Middle East

In value terms, production of frozen pig meat other than cuts or carcases contracted slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 44% against the previous year. Over the period under review, production of reached the peak level 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 77% 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 the Middle East

In 2022, exports of frozen pig meat other than cuts or carcases in the Middle East soared to X tons, picking up by 28% against the previous year's figure. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of frozen pig meat other than cuts or carcases expanded remarkably to $X in 2022. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 60% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey was the key exporter of frozen pig meat other than cuts or carcases in the Middle East, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), mixing up a 35% share of total exports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +17.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest frozen pig meat other than cuts or carcases supplier in the Middle East, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 29% share of total exports.

In Turkey, exports of frozen pig meat other than cuts or carcases expanded at an average annual rate of +6.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+5.6% per year) and Bahrain (+0.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, declining by -12.6% against the previous year. Over the period under review, the export price, however, recorded 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 reached the maximum 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, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in the Middle East

In 2022, purchases abroad of frozen pig meat other than cuts or carcases decreased by -10% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases declined to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The United Arab Emirates dominates carcases structure, accounting for X tons, which was approx. 86% of total imports in 2022. Bahrain (X tons), Turkey (X tons), Iraq (X tons) and Lebanon (X tons) followed a long way behind the leaders.

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 the Middle East, with a CAGR of +155.8% from 2012-2022. By contrast, Lebanon (-1.5%) illustrated a downward trend over the same period. While the share of Turkey (+4.3 p.p.), Iraq (+1.7 p.p.) and the United Arab Emirates (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lebanon (-3.7 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 ($X) constitutes the largest market for imported frozen pig meat other than cuts or carcases in the Middle East, comprising 83% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 5.7% share of total imports. It was followed by Turkey, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +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

The import price in the Middle East stood at $X per ton in 2022, picking up by 4.5% against the previous year. In general, the import price, however, saw a slight setback. The growth pace was the most rapid in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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

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