Eritrea: Meat Market 2020

Meat Market Size in Eritrea

The revenue of the meat market in Eritrea amounted to $X in 2018, increasing 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. In that year, the meat market attained its peak level of $X. From 2012 to 2018, the growth of the meat market remained at a lower figure.

Meat Production in Eritrea

In value terms, meat production stood at $X in 2018 estimated in export prices. Overall, meat production continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, meat production attained its peak level of $X. From 2012 to 2018, meat production growth remained at a lower figure.

In 2018, the average yield of meat in Eritrea amounted to X ton per head, standing approx. at the previous year. Over the period under review, the meat 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 yield peaked at X ton per head in 2008; however, from 2009 to 2018, yield stood at a somewhat lower figure.

In 2018, the number of animals slaughtered for meat production in Eritrea stood at X heads, flattening at the previous year. This number increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. The global number of animals slaughtered for meat production peaked in 2018 and is expected to retain its growth in the immediate term.

Meat Exports

Exports from Eritrea

Meat exports from Eritrea amounted to X tons in 2018, going up by X% against the previous year. Overall, the total exports indicated a measured 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, meat exports increased by +X% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, meat exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, meat exports totaled $X in 2018. Over the period under review, meat 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. Eritrea exports peaked at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, represented more than two-thirds 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) 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 Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Eritrea, which together accounted 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 export price in Eritrea amounted to $X per ton, waning by -X% against the previous year. In general, the meat export price continues to indicate a deep deduction. 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 attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for meat failed to regain its momentum.

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

Meat Imports

Imports into Eritrea

In 2018, the meat imports into Eritrea totaled X tons, increasing by X% against the previous year. In general, meat imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Eritrea imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, meat imports amounted to $X in 2018. Over the period under review, meat imports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, meat imports reached their peak of $X. From 2013 to 2018, the growth of meat imports remained at a somewhat lower figure.

Imports by Country

The imports of the twelve major importers of meat, namely China, Japan, the U.S., Italy, Germany, Mexico, South Korea, China, Hong Kong SAR, Vietnam, the UK, Poland and the Netherlands, 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 Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Eritrea lagged somewhat behind, together accounting for a further X Nam recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Eritrea stood at $X per ton in 2018, approximately reflecting the previous year. Over the period under review, the meat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. In that year, the import prices for meat reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for meat failed to regain its 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 ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform