Southern Asia: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Southern Asia

The South Asian fresh pork carcase market shrank modestly to $X in 2022, waning by -1.8% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Fresh Pork Carcase Production in Southern Asia

In value terms, fresh pork carcase production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

India (X tons) constituted the country with the largest volume of fresh pork carcase production, comprising approx. 50% of total volume. Moreover, fresh pork carcase production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. The third position in this ranking was held by Bangladesh (X tons), with a 19% share.

In India, fresh pork carcase production increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+1.5% per year) and Bangladesh (+0.2% per year).

Fresh Pork Carcase Exports

Exports in Southern Asia

After eight years of growth, overseas shipments of fresh or chilled carcases of pig meat decreased by -74.7% to X tons in 2022. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 608% against the previous year. The volume of export peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, fresh pork carcase exports shrank notably to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 464% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell rapidly in the following year.

Exports by Country

In 2022, India (X tons) was the major exporter of fresh or chilled carcases of pig meat, committing 84% of total exports. It was distantly followed by Pakistan (X tons), comprising a 16% share of total exports.

India was also the fastest-growing in terms of the fresh or chilled carcases of pig meat exports, with a CAGR of +121.2% from 2012 to 2022. At the same time, Pakistan (+14.5%) displayed positive paces of growth. From 2012 to 2022, the share of India and Pakistan increased by +84 and +5.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest fresh pork carcase supplier in Southern Asia, comprising 78% of total exports. The second position in the ranking was held by Pakistan ($X), with a 22% share of total exports.

In India, fresh pork carcase exports increased at an average annual rate of +140.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 58%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat 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 Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%).

Fresh Pork Carcase Imports

Imports in Southern Asia

In 2022, after three years of growth, there was significant decline in purchases abroad of fresh or chilled carcases of pig meat, when their volume decreased by -38% to X tons. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 376% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh pork carcase imports declined rapidly to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 223%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bhutan prevails in imports structure, amounting to X tons, which was approx. 97% of total imports in 2022. India (X tons) followed a long way behind the leaders.

Imports into Bhutan decreased at an average annual rate of -13.8% from 2012 to 2022. India (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +1.6 percentage points.

In value terms, Bhutan ($X) constitutes the largest market for imported fresh or chilled carcases of pig meat in Southern Asia, comprising 96% of total imports. The second position in the ranking was taken by India ($X), with a 2.6% share of total imports.

In Bhutan, fresh pork carcase imports contracted by an average annual rate of -11.6% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, stabilizing at the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh pork carcase import price increased by +5.1% against 2019 indices. The growth pace was the most rapid in 2018 when the import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bhutan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%).

Source: IndexBox Platform

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