Faroe Islands: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Faroe Islands

The revenue of the sheep and goat meat market in Faroe Islands amounted to $X in 2018, going down by -X% against the previous year. In general, sheep and goat meat consumption continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. In that year, the sheep and goat meat market reached its peak level of $X. From 2009 to 2018, the growth of the sheep and goat meat market failed to regain its momentum.

Production of Sheep And Goat Meat in Faroe Islands

In value terms, sheep and goat meat production stood at $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Faroe Islands sheep and goat meat production peaked at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from Faroe Islands

In 2018, the amount of sheep and goat meat exported from Faroe Islands amounted to X tons, going down by -X% against the previous year. In general, sheep and goat meat exports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. In that year, sheep and goat meat exports attained their peak of X tons. From 2017 to 2018, the growth of sheep and goat meat exports remained at a somewhat lower figure.

In value terms, sheep and goat meat exports totaled $X in 2018. In general, sheep and goat meat exports, however, continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Faroe Islands exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Australia (X tons) and New Zealand (X tons) represented the main exporters of sheep and goat meatin the world, together finishing at near X% of total exports. It was distantly followed by the UK (X tons), committing a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) occupied 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat markets from Faroe Islands were Australia ($X), New Zealand ($X) and the UK ($X), with a combined X% share of total exports. Ireland, the Netherlands, Spain, India and Faroe Islands lagged somewhat behind, together comprising a further X the main exporting countries, the Netherlands 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 sheep and goat meat export price in Faroe Islands stood at $X per ton in 2018, picking up by X% against the previous year. Overall, the sheep and goat meat export price, however, continues to indicate an abrupt decline. The growth pace was the most rapid in 2013 an increase of X% year-to-year. Over the period under review, the export prices for sheep and goat meat reached their maximum at $X per ton in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

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

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

Imports of Sheep And Goat Meat

Imports into Faroe Islands

In 2018, the imports of sheep and goat meat into Faroe Islands stood at X tons, going down by -X% against the previous year. Overall, sheep and goat meat imports continue to indicate a mild deduction. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, sheep and goat meat imports attained their peak of X tons. From 2009 to 2018, the growth of sheep and goat meat imports remained at a lower figure.

In value terms, sheep and goat meat imports stood at $X in 2018. In general, sheep and goat meat imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, sheep and goat meat imports attained their peak of $X. From 2009 to 2018, the growth of sheep and goat meat imports remained at a somewhat lower figure.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) represented the major importers of sheep and goat meat, together generating X% of total imports. The United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (X tons) took a relatively small share of total imports.

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, the largest sheep and goat meat importing markets into Faroe Islands were the U.S. ($X), China ($X) and France ($X), together accounting for X% of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Faroe Islands, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sheep and goat meat import price in Faroe Islands amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the sheep and goat meat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Faroe Islands import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform