Pakistan: Preserved Beef Market 2024

Preserved Beef Market Size in Pakistan

The Pakistani preserved beef market dropped to $X in 2021, with a decrease of -6.3% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Preserved Beef Production in Pakistan

In value terms, preserved beef production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 78%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Preserved Beef Exports

Exports from Pakistan

In 2021, the amount of beef and veal (salted, in brine, dried or smoked) exported from Pakistan contracted to X tons, falling by -5.9% against 2020. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of 1,982% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved beef exports shrank dramatically to $X in 2021. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,473% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for preserved beef exports from Pakistan, accounting for a 37% share of total exports. Moreover, preserved beef exports to Thailand exceeded the volume sent to the second major destination, Oman (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+32.7% per year) and Kuwait (+37.1% per year).

In value terms, Kuwait ($X), Oman ($X) and Hong Kong SAR ($X) constituted the largest markets for preserved beef exported from Pakistan worldwide, together comprising 73% of total exports.

Kuwait, with a CAGR of +38.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved beef export price amounted to $X per ton, declining by -14.5% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved beef export price decreased by -25.0% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 58% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Beef Imports

Imports into Pakistan

In 2021, purchases abroad of beef and veal (salted, in brine, dried or smoked) increased by 265% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef imports soared to $X in 2021. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of preserved beef to Pakistan, accounting for a 83% share of total imports. Moreover, preserved beef imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+42.8% per year) and the United States (+6.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Pakistan, comprising 58% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+14.7% per year) and the United States (+33.8% per year).

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2021, rising by 60% against the previous year. Overall, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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