Gambia: Beef Market 2020

Beef Market Size in Gambia

The revenue of the beef market in Gambia amounted to $X in 2018, remaining stable against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Gambia beef consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Beef Production in Gambia

In value terms, beef production totaled $X in 2018 estimated in export prices. In general, beef production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Gambia beef production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Beef Exports

Exports from Gambia

Beef exports from Gambia totaled X tons in 2018, increasing by X% against the previous year. Over the period under review, beef exports, however, continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Gambia exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, beef exports amounted to $X in 2018. In general, beef exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Gambia exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The countries with the highest levels of beef exports in 2018 were Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons), together reaching X% of total export. It was distantly followed by the Netherlands (X tons), generating a X% share of total exports. The following exporters - New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) - together made up X% 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Gambia lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The beef export price in Gambia stood at $X per ton in 2018, going up by X% against the previous year. In general, the beef export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. Gambia export price peaked at $X per ton in 2011; however, from 2012 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 the U.S. ($X per ton), while India ($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.

Beef Imports

Imports into Gambia

In 2018, the imports of beef (cattle meat) into Gambia stood at X tons, increasing by X% against the previous year. Overall, beef imports, however, continue to indicate a deep drop. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Gambia imports peaked at X tons in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, beef imports stood at $X in 2018. Overall, beef imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, beef imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Vietnam, China, Japan, South Korea, China, Hong Kong SAR, the Netherlands, Italy, Germany, Russia, the UK and France, 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, the U.S. ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Gambia, which together accounted for a further X the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beef import price in Gambia stood at $X per ton in 2018, jumping 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 2018 when the import price increased by X% y-o-y. In that year, the import prices for beef (cattle meat) attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform