United Arab Emirates: Processed Meat Market 2024

Processed Meat Market Size in the United Arab Emirates

In 2022, the processed meat market in the United Arab Emirates decreased by X% to $X, falling for the second year in a row after six years of growth. Overall, the total consumption indicated a buoyant expansion 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 decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Processed Meat Production in the United Arab Emirates

In value terms, processed meat production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Processed meat production peaked at $X in 2020; afterwards, it flattened through to 2022.

Processed Meat Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of processed meat were exported from the United Arab Emirates; jumping by X% compared with the previous year. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, processed meat exports surged to $X in 2022. Overall, exports recorded a strong increase. 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 in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons) were the main destinations of processed meat exports from the United Arab Emirates, together comprising X% of total exports. Bahrain, Jordan, Iraq, Pakistan and Qatar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Kuwait ($X) and Oman ($X) appeared to be the largest markets for processed meat exported from the United Arab Emirates worldwide, together comprising X% of total exports. Bahrain, Jordan, Iraq, Pakistan and Qatar lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Pakistan ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of processed meat decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, processed meat imports shrank significantly to $X in 2022. In general, total imports indicated a moderate expansion 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Saudi Arabia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of processed meat imports to the United Arab Emirates, with a combined X% share of total imports. The Philippines, Brazil, Turkey, Jordan, the Netherlands, the United States, South Africa, France, Canada and Thailand lagged somewhat behind, together accounting for a further X%.

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

In value terms, Saudi Arabia ($X), Malaysia ($X) and the Philippines ($X) were the largest processed meat suppliers to the United Arab Emirates, with a combined X% share of total imports. The United States, China, Brazil, South Africa, the Netherlands, Jordan, France, Turkey, Canada and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Canada, with a CAGR of X%, 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 processed meat import price amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced 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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform