Eritrea - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights

Eritrea: Meat And Poultry Market Overview 2020

Meat And Poultry Market Size in Eritrea

The revenue of the meat and poultry market in Eritrea amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, the meat and poultry market attained its peak level of $X. From 2012 to 2018, the growth of the meat and poultry market remained at a lower figure.

Meat And Poultry Production in Eritrea

In value terms, meat and poultry production totaled $X in 2018 estimated in export prices. Overall, meat and poultry production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. In that year, meat and poultry production reached its peak level of $X. From 2012 to 2018, meat and poultry production growth remained at a somewhat lower figure.

Average yield of meat and poultry in Eritrea totaled X tonne per head in 2018, flattening at the previous year. Overall, the meat and poultry yield continues to indicate a slight downturn. The pace of growth was the most pronounced in 2015 when yield increased by X% year-to-year. The global meat and poultry yield peaked at X tonne per head in 2008; however, from 2009 to 2018, yield failed to regain its momentum.

In 2018, approx. X heads of animals slaughtered for meat and poultry production in Eritrea; stabilizing at the previous year. This number increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the number of producing animals increased by X% year-to-year. Over the period under review, this number attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Meat And Poultry Exports

Exports from Eritrea

Meat and poultry exports from Eritrea totaled X tonnes in 2018, jumping by X% against the previous year. In general, the total exports indicated temperate growth 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, meat and poultry exports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. In that year, meat and poultry exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, meat and poultry exports totaled $X in 2018. Overall, meat and poultry exports continue to indicate a mild setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, meat and poultry exports attained their peak figure at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. (X tonnes) and Brazil (X tonnes) represented roughly X% of total exports of meat and poultry in 2018. The Netherlands (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Germany (X%), Poland (X%) and Spain (X%). Australia (X tonnes), Belgium (X tonnes), Denmark (X tonnes), Canada (X tonnes), India (X tonnes) and France (X tonnes) occupied a relatively small 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 Poland, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Brazil ($X) and Australia ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. The Netherlands, Germany, Poland, Spain, Canada, India, Belgium, Denmark, France and Eritrea lagged somewhat behind, together accounting for a further X terms of 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 and poultry export price in Eritrea amounted to $X per tonne, falling by -X% against the previous year. In general, the meat and poultry export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. In that year, the export prices for meat and poultry reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the export prices for meat and poultry remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Australia ($X per tonne), while Brazil ($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 And Poultry Imports

Imports into Eritrea

In 2018, the imports of meat and poultry into Eritrea totaled X tonnes, jumping by X% against the previous year. Over the period under review, meat and poultry imports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, meat and poultry imports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, meat and poultry imports stood at $X in 2018. Overall, meat and poultry imports, however, continue to indicate a temperate reduction. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Eritrea imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of meat and poultry, namely China, Japan, Germany, Mexico, the U.S., China, Hong Kong SAR, Italy, Viet Nam, the UK, the Netherlands, France and South Korea, represented more than half 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, Japan ($X), the U.S. ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Germany, South Korea, Italy, China, Hong Kong SAR, the UK, France, the Netherlands, Mexico, Viet Nam and Eritrea lagged somewhat behind, together accounting for a further X the main importing countries, Viet Nam recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat and poultry import price in Eritrea stood at $X per tonne in 2018, remaining constant against the previous year. Overall, the import price indicated a strong expansion 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, meat and poultry import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Eritrea import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Mexico ($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