Honduras: Pork Market 2020

Pork Market Size in Honduras

The revenue of the pork market in Honduras amounted to $X in 2018, surging by X% against the previous year. In general, the total market indicated a perceptible increase from 2007 to 2018: its value 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 consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the pork market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Pork Production in Honduras

In value terms, pork production amounted to $X in 2018 estimated in export prices. Overall, pork production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, pork production attained its peak figure level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Pork Exports

Exports from Honduras

Pork exports from Honduras stood at X tons in 2018, going down by -X% against the previous year. Over the period under review, pork exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, pork exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, pork exports stood at $X in 2018. Overall, pork exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, pork exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), Poland (X tons) and France (X tons) represented roughly X% of total exports of pork in 2018.

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 U.S. ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Honduras lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Poland experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The pork export price in Honduras stood at $X per ton in 2018, picking up by X% against the previous year. In general, the pork export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 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 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 Brazil ($X per ton), while Belgium ($X per ton) 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 Honduras

Pork imports into Honduras amounted to X tons in 2018, increasing by X% against the previous year. Overall, pork imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Honduras imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, pork imports amounted to $X in 2018. In general, pork imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Honduras imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons) were the main importers of pork in the world, making up X% of total import. The following importers - South Korea (X tons), the UK (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Russia (X tons) and France (X tons) - 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 ($X) constitutes the largest market for imported pork into Honduras, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Japan, pork imports increased 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

The pork import price in Honduras stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the pork import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. In that year, the import prices for pork attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for pork remained at a somewhat lower figure.

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

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

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Source: IndexBox Platform