Middle East: Canned Meat Market 2024

Canned Meat Market Size in the Middle East

In 2021, the Middle Eastern canned meat market decreased by -26.9% to $X, falling for the fifth year in a row after five years of growth. Over the period under review, consumption showed a mild curtailment. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Canned Meat Production in the Middle East

In value terms, canned meat production rose markedly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Canned Meat Exports

Exports in the Middle East

In 2021, approx. X tons of canned meat were exported in the Middle East; picking up by 16% against the year before. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 28%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, canned meat exports reached $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.5% against 2014 indices. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

The shipments of the three major exporters of canned meat, namely Turkey, the United Arab Emirates and Saudi Arabia, represented more than two-thirds of total export. Jordan (X tons) took the next position in the ranking, followed by Israel (X tons). All these countries together held approx. 12% share of total exports. The following exporters - Lebanon (X tons) and Kuwait (X tons) - each amounted to a 3.4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +26.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest canned meat supplier in the Middle East, comprising 41% of total exports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total exports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +18.7%. In the other countries, the average annual rates were as follows: Turkey (+17.7% per year) and Saudi Arabia (+2.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with a decrease of -8.2% against the previous year. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+8.7%), while the other leaders experienced more modest paces of growth.

Canned Meat Imports

Imports in the Middle East

In 2021, the amount of canned meat imported in the Middle East rose significantly to X tons, growing by 13% on the year before. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 16%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, canned meat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 20%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons), Iraq (X tons) and Kuwait (X tons) represented roughly 67% of total imports in 2021. Syrian Arab Republic (X tons) ranks next in terms of the total imports with a 7% share, followed by Oman (6.6%), Lebanon (5.6%) and Qatar (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Syrian Arab Republic (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 65% share of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +10.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 2.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 5.3% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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