GCC: Market for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) 2024

Market Size for Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in GCC

In 2022, the GCC market for pig meat other than hams or bellies (salted, in brine, dried or smoked) increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked) in GCC

In value terms, production of pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Exports in GCC

In 2022, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) in GCC shrank to X tons, waning by X% against 2021 figures. Over the period under review, exports, however, saw tangible growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) dropped notably to $X in 2022. Overall, exports saw a mild reduction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in smoked) structure, reaching X tons, which was approx. X% of total exports in 2022. Bahrain (X kg) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the pig meat other than hams or bellies (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. Bahrain (X%) illustrated a downward trend over the same period. While the share of Bahrain (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest salted, dried, or smoked pig meat other than hams or bellies supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

In the United Arab Emirates, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates totaled $X per ton.

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

Imports of Pig Meat other than Hams or Bellies (Salted, in Brine, Dried or Smoked)

Imports in GCC

In 2022, the amount of pig meat other than hams or bellies (salted, in brine, dried or smoked) imported in GCC amounted to X tons, picking up by X% compared with the previous year. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) fell rapidly to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The United Arab Emirates prevails in smoked) structure, reaching X tons, which was near X% of total imports in 2022. Qatar (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the pig meat other than hams or bellies (salted, in brine, dried or smoked) imports, with a CAGR of X% from 2012 to 2022. Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pig meat other than hams or bellies (salted, in brine, dried or smoked) in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports.

In the United Arab Emirates, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a slight expansion 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, import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar totaled $X per ton.

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

Source: IndexBox Platform