Pakistan: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Pakistan

The Pakistani preserved cows meat market skyrocketed to $X in 2021, growing by 16% against the previous year. Over the period under review, consumption enjoyed a strong increase. Preserved cows meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Cows Meat Production in Pakistan

In value terms, preserved cows meat production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 70%. Preserved cows meat production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Preserved Cows Meat Exports

Exports from Pakistan

Preserved cows meat exports from Pakistan soared to X tons in 2021, growing by 121% on 2020. Overall, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 838%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved cows meat exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of 662% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for preserved cows meat exports from Pakistan, with a 98% share of total exports. It was followed by Hong Kong SAR (X tons), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kuwait stood at +61.6%.

In value terms, Kuwait ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Pakistan, comprising 96% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait totaled +70.5%.

Export Prices by Country

In 2021, the average preserved cows meat export price amounted to $X per ton, growing by 41% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat export price increased by +66.9% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 45%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+5.5%).

Preserved Cows Meat Imports

Imports into Pakistan

In 2021, supplies from abroad of prepared or preserved meat or offal of bovine animals was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 146% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preserved cows meat imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 103%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest preserved cows meat supplier to Pakistan, with a 54% share of total imports. Moreover, preserved cows meat imports from Malaysia exceeded the figures recorded by the second-largest supplier, Jordan (X tons), fourfold. Egypt (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-0.1% per year) and Egypt (-3.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Pakistan, comprising 61% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 10% share of total imports. It was followed by Kyrgyzstan, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-22.1% per year) and Kyrgyzstan (+3.5% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, surging by 8.4% against the previous year. In general, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Jordan ($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 (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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