Burkina Faso: Pork Market 2020

Pork Market Size in Burkina Faso

The revenue of the pork market in Burkina Faso amounted to $X in 2018, leveling off at the previous year. Over the period under review, the total market indicated a pronounced expansion from 2007 to 2018: its value decreased 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, pork consumption increased by +X% against 2008 indices. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Burkina Faso pork consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Pork Production in Burkina Faso

In value terms, pork production totaled $X in 2018 estimated in export prices. Overall, the total output indicated a pronounced increase from 2007 to 2018: its value decreased 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, pork production increased by +X% against 2008 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Burkina Faso pork production peaked in 2018 and is expected to retain its growth in the immediate term.

Pork Exports

Exports from Burkina Faso

In 2018, the exports of pork from Burkina Faso totaled X tons, dropping by -X% against the previous year. Over the period under review, pork exports continue to indicate a sharp deduction. The growth pace was the most rapid in 2015 when exports decreased by -X% against the previous year. Burkina Faso exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pork exports stood at $X in 2018. In general, pork exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2013 when exports decreased by -X% year-to-year. Over the period under review, pork exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), Poland (X tons) and France (X tons) represented roughly X% of total exports of pork in 2018.

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

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Burkina Faso, which together accounted for a further X experienced the highest rates of growth with regard to exports, among 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 pork export price in Burkina Faso amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price indicated resilient growth from 2007 to 2018: 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 2018 figures, pork export price increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Burkina Faso export price peaked in 2018 and is expected to retain its growth in the near future.

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

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

Pork Imports

Imports into Burkina Faso

In 2018, the imports of pork into Burkina Faso totaled X tons, growing by X% against the previous year. In general, pork imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, pork imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, pork imports stood at $X in 2018. In general, pork imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. In that year, pork imports reached their peak of $X. From 2017 to 2018, the growth of pork imports remained at a lower figure.

Imports by Country

The imports of the six major importers of pork, namely China, Japan, Italy, Germany, Mexico and Poland, represented more than third of total import. South Korea (X tons), the UK (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Russia (X tons) and France (X tons) followed a long way behind the leaders.

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

In value terms, Japan ($X) constitutes the largest market for imported pork into Burkina Faso, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

The pork import price in Burkina Faso stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the pork import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. In that year, the import prices for pork reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the import prices for pork remained at a lower figure.

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

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

Source: IndexBox Platform