Meat Dishes Market

Driven by increasing demand for meat dishes globally, the market is projected to continue growing with a forecasted CAGR of +1.7% in volume and +3.4% in value from 2022 to 2030. Consumption and production patterns, along with import and export trends, are analyzed for key countries like China, India, the United States, and others. The report also highlights fluctuations in consumption, production, import, and export prices over the years, providing insights into the global meat dishes market.

Market Forecast

Driven by increasing demand for meat dishes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 234M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $1,104B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Meat Dishes

In 2022, after six years of growth, there was decline in consumption of meat dishes, when its volume decreased by -1.3% to 204M tons. The total consumption volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 4%. Over the period under review, global consumption reached the peak volume at 207M tons in 2021, and then declined slightly in the following year.

The global meat dishes market size dropped to $845.8B in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 7% against the previous year. Over the period under review, the global market reached the peak level at $855.8B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

China (36M tons) constituted the country with the largest volume of meat dishes consumption, accounting for 18% of total volume. Moreover, meat dishes consumption in China exceeded the figures recorded by the second-largest consumer, India (15M tons), twofold. The United States (13M tons) ranked third in terms of total consumption with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.9%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+2.2% per year) and the United States (+0.8% per year).

In value terms, China ($154.1B) led the market, alone. The second position in the ranking was held by Mexico ($60.7B). It was followed by the United States.

In China, the meat dishes market increased at an average annual rate of +2.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+4.9% per year) and the United States (+1.4% per year).

The countries with the highest levels of meat dishes per capita consumption in 2022 were Germany (53 kg per person), the United States (39 kg per person) and Bangladesh (37 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Nigeria (with a CAGR of +4.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Meat Dishes

In 2022, after six years of growth, there was decline in production of meat dishes, when its volume decreased by -1.3% to 205M tons. The total output volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 4.2% against the previous year. Global production peaked at 207M tons in 2021, and then contracted modestly in the following year.

In value terms, meat dishes production declined to $850.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 10% against the previous year. Global production peaked at $887.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (36M tons) constituted the country with the largest volume of meat dishes production, comprising approx. 18% of total volume. Moreover, meat dishes production in China exceeded the figures recorded by the second-largest producer, India (15M tons), threefold. The third position in this ranking was held by the United States (13M tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +2.9%. In the other countries, the average annual rates were as follows: India (+2.2% per year) and the United States (+0.8% per year).

Imports

World Imports of Meat Dishes

In 2022, overseas purchases of meat dishes increased by 5.1% to 5.3M tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat dishes imports rose sharply to $25.3B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Japan (767K tons) and the UK (745K tons) were the key importers of meat dishesin the world, together accounting for near 28% of total imports. It was distantly followed by Germany (359K tons), the Netherlands (293K tons) and France (258K tons), together generating a 17% share of total imports. The United States (210K tons), Belgium (186K tons), Canada (140K tons), Hong Kong SAR (136K tons), Denmark (105K tons), Spain (100K tons), Ireland (86K tons) and Hungary (84K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +8.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($3.7B), Japan ($3.5B) and Germany ($2B) constituted the countries with the highest levels of imports in 2022, together accounting for 36% of global imports. The United States, France, the Netherlands, Canada, Belgium, Hong Kong SAR, Denmark, Ireland, Spain and Hungary lagged somewhat behind, together comprising a further 34%.

The United States, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average meat dishes import price stood at $4,769 per ton in 2022, increasing by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($7,495 per ton), while Hungary ($3,413 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Meat Dishes

In 2022, shipments abroad of meat dishes increased by 5.1% to 5.8M tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, meat dishes exports rose significantly to $26.7B in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports By Country

The biggest shipments were from Thailand (710K tons), Germany (532K tons), Poland (511K tons), the United States (486K tons), China (466K tons), Brazil (411K tons), the Netherlands (317K tons), Belgium (228K tons), Spain (186K tons), Denmark (174K tons), Italy (157K tons) and France (156K tons), together finishing at 74% of total export. Ireland (140K tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +11.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($3.1B), Germany ($2.7B) and the United States ($2.2B) constituted the countries with the highest levels of exports in 2022, with a combined 30% share of global exports. Poland, China, the Netherlands, Brazil, Italy, Belgium, Spain, Ireland, France and Denmark lagged somewhat behind, together accounting for a further 48%.

In terms of the main exporting countries, Poland, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average meat dishes export price amounted to $4,573 per ton, growing by 5.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($7,514 per ton), while Brazil ($3,436 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform