Equatorial Guinea: Pork Market Overview 2020

Pork Market Size in Equatorial Guinea

The revenue of the pork market in Equatorial Guinea amounted to $X in 2018, lowering by -X% against the previous year. In general, pork consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Equatorial Guinea pork consumption peaked at $X in 2017, and then declined slightly in the following year.

Pork Production in Equatorial Guinea

In value terms, pork production stood at $X in 2018 estimated in export prices. Over the period under review, pork production continues to indicate a deep decline. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, pork production attained its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Pork Exports

Exports from Equatorial Guinea

Pork exports from Equatorial Guinea stood at X kg in 2018, falling by -X% against the previous year. Overall, pork exports continue to indicate a dramatic drop. In that year, pork exports reached their peak of X kg. From 2010 to 2018, the growth of pork exports remained at a lower figure.

In value terms, pork exports amounted to $X in 2018. Overall, pork exports continue to indicate a precipitous contraction. In that year, pork exports reached their peak of $X. From 2010 to 2018, the growth of pork exports remained at a lower figure.

Exports by Country

In 2018, the U.S. (X tonnes), Germany (X tonnes), Spain (X tonnes), Denmark (X tonnes), Canada (X tonnes), the Netherlands (X tonnes), Belgium (X tonnes), Brazil (X tonnes), Poland (X tonnes) and France (X tonnes) represented the major exporters of pork in the world, committing 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 Spain, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Denmark, Canada, the Netherlands, Brazil, Belgium, Poland and France lagged somewhat behind, together comprising a further X the main exporting countries, Poland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The pork export price in Equatorial Guinea stood at $X per tonne in 2018, reducing by -X% against the previous year. Overall, the pork export price continues to indicate a deep deduction. Equatorial Guinea export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per tonne), while Belgium ($X per tonne) 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 Equatorial Guinea

In 2018, the amount of pork imported into Equatorial Guinea amounted to X tonnes, shrinking by -X% against the previous year. Over the period under review, the total imports indicated a prominent increase 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, pork imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, pork imports reached their maximum at X tonnes in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, pork imports totaled $X in 2018. Over the period under review, pork imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, pork imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat 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 tonnes), the UK (X tonnes), the U.S. (X tonnes), China, Hong Kong SAR (X tonnes), Russia (X tonnes) and France (X tonnes) 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 ($X) constitutes the largest market for imported pork into Equatorial Guinea, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan amounted to +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 Equatorial Guinea stood at $X per tonne in 2018, reducing by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the import prices for pork reached their maximum at $X per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat 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 ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform