Southern Asia: Preserved Pork Market 2021

Preserved Pork Market Size in Southern Asia

The South Asian preserved pork market was estimated at $X in 2020, increasing by X% against the previous year. The total consumption indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2010 indices. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Preserved Pork Production in Southern Asia

In value terms, preserved pork production expanded remarkably to $X in 2020 estimated in export prices. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to see gradual growth in the immediate term.

Production By Country in Southern Asia

The country with the largest volume of preserved pork production was India (X tons), comprising approx. X% of total volume. Moreover, preserved pork production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In India, preserved pork production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Pakistan (+X% per year).

Preserved Pork Exports

Exports in Southern Asia

In 2020, the amount of pig meat salted (salted, in brine, dried or smoked) exported in Southern Asia dropped dramatically to X tons, reducing by -X% compared with 2019 figures. Over the period under review, exports showed a significant decrease. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved pork exports dropped notably to $X in 2020. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) represented roughly X% of total exports of pig meat salted (salted, in brine, dried or smoked) in 2020.

Sri Lanka was also the fastest-growing in terms of the pig meat salted (salted, in brine, dried or smoked) exports, with a CAGR of +X% from 2007 to 2020. From 2007 to 2020, the share of Sri Lanka increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest preserved pork supplier in Southern Asia.

In Sri Lanka, preserved pork exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the preserved pork export price in Southern Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2007 to 2020, the rate of growth in terms of prices for Sri Lanka amounted to -X% per year.

Preserved Pork Imports

Imports in Southern Asia

In 2020, imports of pig meat salted (salted, in brine, dried or smoked) in Southern Asia skyrocketed to X tons, with an increase of X% compared with 2019 figures. In general, imports recorded a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved pork imports surged to $X in 2020. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Afghanistan (X tons) and Pakistan (X tons) prevails in preserved pork imports structure, together generating X% of total imports. It was distantly followed by Maldives (X tons), creating a X% share of total imports. India (X tons) occupied a minor share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (+X% per year), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest preserved pork importing markets in Southern Asia were Afghanistan ($X), Pakistan ($X) and Maldives ($X), with a combined X% share of total imports.

Pakistan (+X% per year) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the preserved pork import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price increased by +X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Pakistan ($X per ton) and Afghanistan ($X per ton), while India ($X per ton) and Maldives ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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