MENA: Market for Prepared or Preserved Meat 2024

Market Size for Prepared or Preserved Meat in MENA

The MENA's prepared or preserved meat market reached $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the near future.

Production of Prepared or Preserved Meat in MENA

In value terms, prepared or preserved meat production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the near future.

Exports of Prepared or Preserved Meat

Exports in MENA

After two years of growth, shipments abroad of prepared or preserved meat decreased by X% to X tons in 2023. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, prepared or preserved meat exports reduced to $X in 2023. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank slightly in the following year.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together achieving X% of total exports. Saudi Arabia (X tons) ranks next in terms of the total exports with a X% share, followed by Kuwait (X%) and Israel (X%). Lebanon (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. Israel, Kuwait and Lebanon lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Imports of Prepared or Preserved Meat

Imports in MENA

In 2023, prepared or preserved meat imports in MENA was estimated at X tons, increasing by X% against 2022 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, prepared or preserved meat imports rose significantly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Kuwait (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Iraq (X tons), Oman (X tons), Syrian Arab Republic (X tons) and Lebanon (X tons) were the key importers of prepared or preserved meat, together constituting X% of total imports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared or preserved meat importing markets in MENA were Kuwait ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, approximately reflecting the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform