Southern Asia: Pork Market 2024

Pork Market Size in Southern Asia

The South Asian pork market reduced slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pork Production in Southern Asia

In value terms, pork production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 55%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of pork production, comprising approx. 91% of total volume. Moreover, pork production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), more than tenfold.

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

In 2022, the average yield of pork in Southern Asia declined to X kg per head, approximately reflecting the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 0.5% against the previous year. Over the period under review, the pork yield attained the maximum level at X kg per head in 2021, and then shrank in the following year.

In 2022, the number of animals slaughtered for pork production in Southern Asia stood at X heads, stabilizing at 2021. Overall, the number of producing animals, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 3.8%. As a result, the amount of animals produced attained the peak level of X heads. From 2018 to 2022, the growth of this number remained at a somewhat lower figure.

Pork Exports

Exports in Southern Asia

In 2022, the amount of pork exported in Southern Asia contracted remarkably to X tons, waning by -33.4% against the previous year. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 192%. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, pork exports contracted dramatically to $X in 2022. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 269% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

India prevails in exports structure, accounting for X tons, which was near 90% of total exports in 2022. It was distantly followed by Nepal (X tons), creating a 5.8% share of total exports. The following exporters - Sri Lanka (X tons) and Pakistan (X tons) - each amounted to a 4.2% share of total exports.

India was also the fastest-growing in terms of the pork exports, with a CAGR of +27.1% from 2012 to 2022. At the same time, Pakistan (+11.1%) and Nepal (+2.8%) displayed positive paces of growth. By contrast, Sri Lanka (-5.3%) illustrated a downward trend over the same period. While the share of India (+52 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (-14.6 p.p.) and Sri Lanka (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest pork supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 3.8% share of total exports. It was followed by Pakistan, with a 3.2% share.

In India, pork exports expanded at an average annual rate of +30.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (-2.7% per year) and Pakistan (+11.1% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate mild growth. The pace of growth was the most pronounced in 2014 when the export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a 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 ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.8%), while the other leaders experienced more modest paces of growth.

Pork Imports

Imports in Southern Asia

In 2022, imports of pork in Southern Asia shrank remarkably to X tons, which is down by -18.4% compared with 2021. Over the period under review, imports continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, pork imports dropped to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Bhutan was the major importing country with an import of about X tons, which reached 50% of total imports. India (X tons) took the second position in the ranking, distantly followed by Sri Lanka (X tons) and Afghanistan (X tons). All these countries together held approx. 44% share of total imports. Maldives (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pork importing markets in Southern Asia were Bhutan ($X), India ($X) and Sri Lanka ($X), together comprising 87% of total imports.

In terms of the main importing countries, Sri Lanka, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, 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, surging by 4.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 13%. Over the period under review, import prices reached the maximum 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 Bhutan (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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