Benin: Meat Market Overview 2020

Meat Market Size in Benin

The revenue of the meat market in Benin amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the meat market attained its maximum level in 2018 and is likely to see steady growth in the near future.

Meat Production in Benin

In value terms, meat production totaled $X in 2018 estimated in export prices. Overall, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, meat production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, meat production reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

In 2018, the average yield of meat in Benin amounted to X kg per head, flattening at the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for meat production in Benin amounted to X head in 2018, leveling off at the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Benin

In 2018, the amount of meat exported from Benin stood at X tonnes, coming down by -X% against the previous year. In general, meat exports continue to indicate a deep drop. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. In that year, meat exports attained their peak of X tonnes. From 2016 to 2018, the growth of meat exports remained at a somewhat lower figure.

In value terms, meat exports stood at $X in 2018. Overall, meat exports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. In that year, meat exports attained their peak of $X. From 2016 to 2018, the growth of meat exports remained at a somewhat lower figure.

Exports by Country

The countries with the highest levels of meat exports in 2018 were the U.S. (X tonnes), Germany (X tonnes), Spain (X tonnes), Brazil (X tonnes), Australia (X tonnes), the Netherlands (X tonnes), Denmark (X tonnes), India (X tonnes), Canada (X tonnes), Poland (X tonnes), Belgium (X tonnes) and New Zealand (X tonnes), together finishing at X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Benin lagged somewhat behind, together accounting for a further X the main exporting countries, India experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the meat export price in Benin amounted to $X per tonne, rising by X% against the previous year. Overall, the meat export price, however, continues to indicate a temperate shrinkage. The growth pace was the most rapid in 2009 an increase of X% against the previous year. In that year, the export prices for meat attained their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the export prices for meat remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Meat Imports

Imports into Benin

In 2018, the amount of meat imported into Benin totaled X tonnes, remaining constant against the previous year. Overall, meat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, meat imports reached their peak figure at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, meat imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, meat imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of meat imports in 2018 were China (X tonnes), Japan (X tonnes), the U.S. (X tonnes), Italy (X tonnes), Germany (X tonnes), Mexico (X tonnes), South Korea (X tonnes), China, Hong Kong SAR (X tonnes), Viet Nam (X tonnes), the UK (X tonnes), Poland (X tonnes) and the Netherlands (X tonnes), together accounting for X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat importing markets into Benin were Japan ($X), the U.S. ($X) and China ($X), together comprising X% of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Viet Nam, Mexico, Poland and Benin, which together accounted for a further X Nam recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the meat import price in Benin amounted to $X per tonne, lowering by -X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. In that year, the import prices for meat attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform