Middle East: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in the Middle East

The Middle Eastern preserved belly cut market was finally on the rise to reach $X in 2020, after two years of decline. The total consumption indicated a measured expansion 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, consumption decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market remained at a somewhat lower figure.

Preserved Belly Cut Production in the Middle East

In value terms, preserved belly cut production amounted to $X in 2020 estimated in export prices. The total production indicated a moderate increase 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, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

Production By Country in the Middle East

The countries with the highest volumes of preserved belly cut production in 2020 were Turkey (X tons), Iran (X tons) and Saudi Arabia (X tons), together comprising X% of total production. These countries were followed by Iraq, Syrian Arab Republic, Yemen and Israel, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of preserved belly cut production, amongst the leading producing countries, was attained by Iraq, while preserved belly cut production for the other leaders experienced more modest paces of growth.

Preserved Belly Cut Exports

Exports in the Middle East

In 2020, shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports surged to $X in 2020. In general, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The level of export peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Turkey (X tons), distantly followed by the United Arab Emirates (X tons) were the largest exporters of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), together achieving X% of total exports.

From 2007 to 2020, the biggest increases were in Turkey.

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

In the United Arab Emirates, preserved belly cut exports remained relatively stable over the period from 2007-2020.

Export Prices by Country

The preserved belly cut export price in the Middle East stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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 Belly Cut Imports

Imports in the Middle East

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported in the Middle East soared to X tons, with an increase of X% compared with the year before. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, preserved belly cut imports surged to $X in 2020. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Lebanon (X tons) represented roughly X% of total imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in 2020. Iran (X tons) occupied the next position in the ranking, followed by Iraq (X tons), Israel (X tons), Saudi Arabia (X tons), Syrian Arab Republic (X tons), Yemen (X tons) and Bahrain (X tons). All these countries together held approx. X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Lebanon ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Iran, Iraq, Israel, Yemen, Syrian Arab Republic and Bahrain, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the preserved belly cut import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Import price indicated slight growth from 2007 to 2020: its price 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, preserved belly cut import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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