Pakistan: Beef Market 2024

Beef Market Size in Pakistan

The Pakistani beef market reduced slightly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated resilient growth 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 attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Beef Production in Pakistan

In value terms, beef production fell slightly to $X in 2022 estimated in export price. In general, the total production 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Beef production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of beef (cattle meat) in Pakistan was estimated at X kg per head, flattening at the previous year's figure. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average beef yield reached the maximum level at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for beef production in Pakistan dropped modestly to X heads, with a decrease of X% compared with the previous year. Over the period under review, the total number of producing animals indicated a perceptible increase from 2012 to 2022: its figure 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, number of animals slaughtered for beef production increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for beef production peaked at X heads in 2021, and then shrank modestly in the following year.

Beef Exports

Exports from Pakistan

In 2022, beef exports from Pakistan expanded rapidly to X tons, with an increase of X% on the year before. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, beef exports soared to $X in 2022. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for beef exports from Pakistan, with a X% share of total exports. Moreover, beef exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. Kuwait (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for beef (cattle meat) exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average beef export price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Kuwait ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and Oman ($X per ton) were amongst the lowest.

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

Beef Imports

Imports into Pakistan

In 2022, purchases abroad of beef (cattle meat) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, beef imports shrank remarkably to $X in 2022. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of beef to Pakistan, accounting for a X% share of total imports. Moreover, beef imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Jordan (X tons), sixfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of beef (cattle meat) to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, import price indicated a slight 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, beef import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Jordan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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