Tonga: Pork Market 2020

Pork Market Size in Tonga

The revenue of the pork market in Tonga amounted to $X in 2018, lowering by -X% against the previous year. In general, pork consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the pork market attained its peak level of $X. From 2009 to 2018, the growth of the pork market remained at a lower figure.

Pork Production in Tonga

In value terms, pork production totaled $X in 2018 estimated in export prices. Overall, pork production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, pork production reached its peak level of $X. From 2009 to 2018, pork production growth remained at a somewhat lower figure.

Pork Exports

Exports from Tonga

Pork exports from Tonga stood at X kg in 2018, remaining stable against the previous year. Over the period under review, pork exports continue to indicate a relatively flat trend pattern. In that year, pork exports attained their peak of X kg. From 2009 to 2018, the growth of pork exports remained at a lower figure.

In value terms, pork exports totaled $X in 2018. Over the period under review, pork exports continue to indicate a relatively flat trend pattern. In that year, pork exports reached their peak of $X. From 2009 to 2018, the growth of pork exports failed to regain its momentum.

Exports by Country

The countries with the highest levels of pork exports in 2018 were 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), together accounting for 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 U.S. ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. Denmark, Canada, the Netherlands, Brazil, Belgium, Poland and France lagged somewhat behind, together accounting for a further X the main exporting countries, Poland recorded 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 Tonga stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the pork export price continues to indicate a relatively flat trend pattern. In that year, the export prices for pork attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for pork remained at a lower figure.

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 Tonga

Pork imports into Tonga amounted to X tons in 2018, reducing by -X% against the previous year. Overall, the total imports indicated moderate growth 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, pork imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Tonga imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, pork imports amounted to $X in 2018. Overall, pork imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, pork imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons) represented the major importers of pork in the world, constituting 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 ($X) constitutes the largest market for imported pork into Tonga, comprising X% of global imports. The second position in the ranking was occupied by China ($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. In the other countries, the average annual rates were as follows: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

The pork import price in Tonga stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the pork import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the import prices for pork attained their peak figure in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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