Armenia: Pork Market 2020

Pork Market Size in Armenia

The revenue of the pork market in Armenia amounted to $X in 2018, going up by X% against the previous year. Overall, pork consumption continues to indicate temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. In that year, the pork market reached its peak level of $X. From 2016 to 2018, the growth of the pork market remained at a somewhat lower figure.

Pork Production in Armenia

In value terms, pork production stood at $X in 2018 estimated in export prices. Over the period under review, pork production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when production volume increased by X% y-o-y. In that year, pork production attained its peak level of $X. From 2016 to 2018, pork production growth failed to regain its momentum.

Pork Exports

Exports from Armenia

In 2018, the amount of pork exported from Armenia amounted to X kg, flattening at the previous year. Overall, pork exports continue to indicate a dramatic decrease. Over the period under review, pork exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, pork exports amounted to $X in 2018. In general, pork exports continue to indicate an abrupt shrinkage. Over the period under review, pork exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the ten major exporters of pork, namely the U.S., Germany, Spain, Denmark, Canada, the Netherlands, Belgium, Brazil, Poland and France, represented more than two-thirds 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. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland and France, which together accounted for a further X 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 Armenia stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the pork export price continues to indicate a buoyant increase. Over the period under review, the export prices for pork reached their peak figure at $X per ton in 2015; however, from 2016 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 Armenia

In 2018, approx. X tons of pork were imported into Armenia; growing by X% against the previous year. Over the period under review, the total imports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pork imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. In that year, pork imports attained their peak of X tons. From 2009 to 2018, the growth of pork imports failed to regain its momentum.

In value terms, pork imports totaled $X in 2018. In general, pork imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. In that year, pork imports attained their peak of $X. From 2009 to 2018, the growth of pork imports remained at a somewhat lower figure.

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 key importers of pork in the world, mixing up X% of total import. 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) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported pork into Armenia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan stood at +X%. 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 Armenia stood at $X per ton in 2018, waning by -X% against the previous year. In general, the pork import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Armenia import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a 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.

Source: IndexBox Platform