Southern Asia: Meat Market 2024

Meat Market Size in Southern Asia

The South Asian meat market reduced modestly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Meat Production in Southern Asia

In value terms, meat production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

India (X tons) constituted the country with the largest volume of meat production, accounting for X% of total volume. Moreover, meat production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

In India, meat production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

The average meat yield contracted to X kg per head in 2022, approximately mirroring the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the meat yield failed to regain momentum.

The global number of animals slaughtered for meat production shrank modestly to X heads in 2022, approximately reflecting 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2021, and then reduced modestly in the following year.

Meat Exports

Exports in Southern Asia

In 2022, meat exports in Southern Asia rose slightly to X tons, surging by X% on 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports dropped slightly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), achieving a X% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of meat. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest meat supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Meat Imports

Imports in Southern Asia

In 2022, the amount of meat imported in Southern Asia fell to X tons, which is down by X% on the previous year's figure. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, meat imports amounted to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Bangladesh (X tons), Bhutan (X tons), Maldives (X tons) and Afghanistan (X tons) was the largest importer of meat in Southern Asia, committing X% of total import. It was distantly followed by India (X tons), committing a X% share of total imports. The following importers - Sri Lanka (X tons) and Pakistan (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat importing markets in Southern Asia were Maldives ($X), Bhutan ($X) and Bangladesh ($X), with a combined X% share of total imports.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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