United Arab Emirates: Bacon And Ham Market 2024

Bacon And Ham Market Size in the United Arab Emirates

After three years of growth, the bacon and ham market in the United Arab Emirates decreased by -3.1% to $X in 2022. Overall, consumption continues to indicate strong growth. Bacon and ham consumption peaked at $X in 2021, and then fell in the following year.

Bacon And Ham Exports

Exports from the United Arab Emirates

In 2022, bacon and ham exports from the United Arab Emirates declined sharply to X tons, which is down by -44.1% against the previous year. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 805% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports declined remarkably to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 950%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for bacon and ham exports from the United Arab Emirates, with a 81% share of total exports. Moreover, bacon and ham exports to Tanzania exceeded the volume sent to the second major destination, Afghanistan (X kg), fivefold. Oman (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-23.9% per year) and Oman (-30.6% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from the United Arab Emirates, comprising 87% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 9.1% share of total exports. It was followed by Oman, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania amounted to +140.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-17.7% per year) and Oman (-25.4% per year).

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, falling by -2.1% against the previous year. In general, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 64%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into the United Arab Emirates

In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat imported into the United Arab Emirates amounted to X tons, surging by 4% against the previous year's figure. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 109% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, bacon and ham imports fell slightly to $X in 2022. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 108% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of bacon and ham to the United Arab Emirates, accounting for a 28% share of total imports. Moreover, bacon and ham imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and the United States (-7.1% per year).

In value terms, the largest bacon and ham suppliers to the United Arab Emirates were Italy ($X), the Netherlands ($X) and Spain ($X), with a combined 42% share of total imports.

Among the main suppliers, Spain, with a CAGR of +17.8%, saw the highest growth rate of 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 average bacon and ham import price amounted to $X per ton, falling by -8.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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