Southern Asia: Processed Meat Market 2024

Processed Meat Market Size in Southern Asia

The South Asian processed meat market contracted to $X in 2022, dropping by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Processed Meat Production in Southern Asia

In value terms, processed meat production dropped to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Processed Meat Exports

Exports in Southern Asia

In 2022, overseas shipments of processed meat decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, processed meat exports declined modestly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Pakistan was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by India (X tons), Bangladesh (X tons) and Sri Lanka (X tons), together constituting a X% share of total exports.

Pakistan was also the fastest-growing in terms of the processed meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Pakistan, processed meat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. 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 Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the export price figures.

Processed Meat Imports

Imports in Southern Asia

In 2022, the amount of processed meat imported in Southern Asia soared to X tons, picking up by X% compared with the previous year. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, processed meat imports expanded rapidly to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan (X tons) and Maldives (X tons) represented the main importers of processed meat in 2022, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by India (X tons), Bhutan (X tons) and Bangladesh (X tons), together generating a X% share of total imports. Pakistan (X tons) took a little 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, Maldives ($X), Afghanistan ($X) and India ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Bangladesh, Bhutan and Pakistan lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, processed meat import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 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 Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform