Iran: Processed Meat Market 2024

Processed Meat Market Size in Iran

The Iranian processed meat market shrank to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Processed Meat Production in Iran

In value terms, processed meat production reached $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Processed meat production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Processed Meat Exports

Exports from Iran

Processed meat exports from Iran dropped rapidly to X tons in 2023, waning by X% compared with 2022 figures. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, processed meat exports contracted to $X in 2023. In general, exports faced a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for processed meat exports from Iran, with a X% share of total exports. Moreover, processed meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Pakistan (X tons), twofold. Iraq (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Iraq (X% per year).

In value terms, the United Arab Emirates ($X), Iraq ($X) and Pakistan ($X) appeared to be the largest markets for processed meat exported from Iran worldwide, with a combined X% share of total exports. The Czech Republic, Afghanistan, Hong Kong SAR, Turkey and Azerbaijan lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average processed meat export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, processed meat export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Iran

In 2023, imports of processed meat into Iran soared to X tons, jumping by X% on the previous year's figure. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, processed meat imports rose slightly to $X in 2023. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X tons) constituted the largest supplier of processed meat to Iran, accounting for a X% share of total imports. Moreover, processed meat imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Kyrgyzstan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kyrgyzstan (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average processed meat import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform