Guyana: Pork Market Overview 2020

Pork Market Size in Guyana

The revenue of the pork market in Guyana amounted to $X in 2018, shrinking by -X% against the previous year. In general, pork consumption continues to indicate mild growth. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. In that year, the pork market reached its peak level of $X. From 2014 to 2018, the growth of the pork market remained at a somewhat lower figure.

Pork Production in Guyana

In value terms, pork production stood at $X in 2018 estimated in export prices. In general, pork production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when production volume increased by X% year-to-year. In that year, pork production reached its peak level of $X. From 2014 to 2018, pork production growth failed to regain its momentum.

Pork Exports

Exports from Guyana

In 2018, the amount of pork exported from Guyana totaled X kg, growing by X% against the previous year. Over the period under review, pork exports, however, continue to indicate a precipitous downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Guyana exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pork exports totaled $X in 2018. Over the period under review, pork exports, however, continue to indicate a sharp deduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, pork exports attained their peak figure 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 pork exports in 2018 were 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), together recording 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 largest pork markets from Guyana were the U.S. ($X), Germany ($X) and Spain ($X), together comprising X% of total exports. Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Guyana 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-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pork export price in Guyana amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the pork export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the export price increased by X% year-to-year. Over the period under review, the export prices for pork reached their maximum at $X per tonne in 2013; however, from 2014 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 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 Guyana

In 2018, the pork imports into Guyana stood at X tonnes, declining by -X% against the previous year. Overall, pork imports, however, continue to indicate a remarkable expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, pork imports reached their maximum at X tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, pork imports totaled $X in 2018. In general, pork imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Guyana imports peaked at $X in 2017, and then declined slightly in the following year.

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. The following importers - 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) - together made up X% 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, Japan ($X) constitutes the largest market for imported pork into Guyana, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Japan, pork imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2018, the pork import price in Guyana amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price indicated buoyant growth 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, pork import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by X% year-to-year. Guyana import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; 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