Southern Asia: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Southern Asia

The South Asian market for frozen pig meat other than cuts or carcases contracted to $X in 2022, shrinking by -2.5% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Southern Asia

In value terms, production of frozen pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

The country with the largest volume of production of frozen pig meat other than cuts or carcases was India (X tons), comprising approx. 70% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. The third position in this ranking was held by Nepal (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume in India stood at +4.3%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (-0.6% per year) and Nepal (-2.3% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in Southern Asia

In 2022, overseas shipments of frozen pig meat other than cuts or carcases were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep slump. The growth pace was the most rapid in 2013 with an increase of 266%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases surged to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 254%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

India dominates carcases structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Pakistan (X tons), generating a 7.2% share of total exports. Sri Lanka (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen pig meat other than cuts or carcases exports from India stood at -9.7%. Pakistan (-7.9%) and Sri Lanka (-36.0%) illustrated a downward trend over the same period. India (+60 p.p.) and Pakistan (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -31.5% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest frozen pig meat other than cuts or carcases supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 13% share of total exports.

In India, exports of frozen pig meat other than cuts or carcases contracted by an average annual rate of -4.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-5.7% per year) and Sri Lanka (-32.5% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the export price increased by 53%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in Southern Asia

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported in Southern Asia; growing by 20% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 68%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India was the main importer of frozen pig meat other than cuts or carcases in Southern Asia, with the volume of imports resulting at X tons, which was near 48% of total imports in 2022. Sri Lanka (X tons) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (15%) and Maldives (7%). Pakistan (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sri Lanka (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported frozen pig meat other than cuts or carcases in Southern Asia, comprising 54% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 24% share of total imports. It was followed by Afghanistan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +14.8%. In the other countries, the average annual rates were as follows: Sri Lanka (+17.6% per year) and Afghanistan (-17.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 16%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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