Burkina Faso: Beef Market 2020

Beef Market Size in Burkina Faso

The revenue of the beef market in Burkina Faso amounted to $X in 2018, remaining relatively unchanged against the previous year. Over the period under review, beef consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Burkina Faso beef consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Beef Production in Burkina Faso

In value terms, beef production stood at $X in 2018 estimated in export prices. Overall, beef production continues to indicate a modest increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, beef production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Beef Exports

Exports from Burkina Faso

In 2018, approx. X kg of beef (cattle meat) were exported from Burkina Faso; standing approx. at the previous year. In general, beef exports continue to indicate a sharp decline. In that year, beef exports attained their peak of X tons. From 2009 to 2018, the growth of beef exports remained at a somewhat lower figure.

In value terms, beef exports stood at $X in 2018. Over the period under review, beef exports continue to indicate a sharp decline. In that year, beef exports attained their peak of $X. From 2009 to 2018, the growth of beef exports remained at a somewhat lower figure.

Exports by Country

The countries with the highest levels of beef exports in 2018 were Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons), together amounting to X% of total export. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports. New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) took a little share of total exports.

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 largest beef markets from Burkina Faso were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany and Uruguay, which together accounted for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the beef export price in Burkina Faso amounted to $X per ton, flattening at the previous year. In general, the beef export price continues to indicate a drastic setback. In that year, the export prices for beef (cattle meat) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for beef (cattle meat) failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while India ($X per ton) 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.

Beef Imports

Imports into Burkina Faso

Beef imports into Burkina Faso totaled X tons in 2018, leveling off at the previous year. Overall, the total imports indicated a perceptible expansion from 2007 to 2018: its volume 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 2018 figures, beef imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, beef imports attained their peak of X tons. From 2015 to 2018, the growth of beef imports remained at a lower figure.

In value terms, beef imports totaled $X in 2018. Overall, beef imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Burkina Faso imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), Vietnam (X tons), China (X tons), Japan (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Russia (X tons), the UK (X tons) and France (X tons) represented the key importers of beef (cattle meat) in the world, comprising 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 Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Burkina Faso, which together accounted for a further X the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beef import price in Burkina Faso stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the beef import price continues to indicate an abrupt drop. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. Burkina Faso import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform