GCC: Meat And Poultry Market 2024

Meat And Poultry Market Size in GCC

The GCC meat and poultry market expanded rapidly to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in GCC

In value terms, meat and poultry production totaled $X in 2022 estimated in export price. The total production indicated a prominent increase 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 was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Saudi Arabia (X tons) constituted the country with the largest volume of meat and poultry production, comprising approx. X% of total volume. Moreover, meat and poultry production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), sevenfold. Kuwait (X tons) ranked third in terms of total production with a X% share.

In Saudi Arabia, meat and poultry production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

The average meat and poultry yield shrank modestly to X kg per head in 2022, remaining stable against the previous year. The yield figure 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 throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. Over the period under review, the meat and poultry yield attained the peak level at X kg per head in 2021, and then declined modestly in the following year.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in GCC; stabilizing at 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2021, and then shrank modestly in the following year.

Meat And Poultry Exports

Exports in GCC

In 2022, overseas shipments of meat and poultry increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, meat and poultry exports expanded sharply to $X in 2022. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporter of meat and poultry in GCC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons) and Oman (X tons), together constituting a X% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the meat and poultry exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait, Oman and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Meat And Poultry Imports

Imports in GCC

In 2022, imports of meat and poultry in GCC amounted to X tons, surging by X% against the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat and poultry imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) dominates imports structure, together constituting X% of total imports. Kuwait (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%) and Oman (X%). Bahrain (X tons) followed a long way behind the leaders.

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

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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