Pakistan: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Pakistan

The Pakistani market for salted, dried or smoked meat, and offal totaled $X in 2022, increasing by 2.8% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Pakistan

In value terms, production of salted, dried or smoked meat, and offal rose to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 45%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Pakistan

In 2022, approx. X tons of salted, dried or smoked meat, and offal were exported from Pakistan; dropping by -7.5% compared with 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by 2,540%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of salted, dried or smoked meat, and offal reduced remarkably to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 2,473%. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Pakistan, accounting for a 74% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tons), eightfold. The third position in this ranking was held by Thailand (X tons), with a 6.9% share.

From 2013 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at +91.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+61.8% per year) and Thailand (+25.1% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Pakistan, comprising 77% of total exports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 4% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +90.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+63.5% per year) and the United Arab Emirates (+58.1% per year).

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, waning by -10.2% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 87%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Pakistan

In 2022, imports of salted, dried or smoked meat, and offal into Pakistan soared to X tons, growing by 44% on 2021 figures. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 164%. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. Over the period under review, imports enjoyed a noticeable increase. The pace of growth was the most pronounced in 2013 when imports increased by 163%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Pakistan, with a 62% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by France (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+44.1% per year) and France (+17.8% per year).

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Pakistan were the UK ($X), France ($X) and Saudi Arabia ($X), with a combined 83% share of total imports.

The UK, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, declining by -2.6% against the previous year. Over the period under review, the import price showed a slight descent. The growth pace was the most rapid in 2014 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+318.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform