Benin: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Benin

The revenue of the sheep and goat meat market in Benin amounted to $X in 2018, rising by X% against the previous year. Over the period under review, the total market indicated strong growth 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, sheep and goat meat consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. In that year, the sheep and goat meat market attained its peak level of $X. From 2017 to 2018, the growth of the sheep and goat meat market remained at a somewhat lower figure.

Production of Sheep And Goat Meat in Benin

In value terms, sheep and goat meat production amounted to $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, sheep and goat meat production attained its maximum level in 2018 and is expected to retain its growth in the near future.

Exports of Sheep And Goat Meat

Exports from Benin

Sheep and goat meat exports from Benin stood at X kg in 2018, approximately mirroring the previous year. Over the period under review, sheep and goat meat exports continue to indicate outstanding growth. Over the period under review, sheep and goat meat exports attained their maximum at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports amounted to $X in 2018. In general, sheep and goat meat exports continue to indicate a moderate contraction. Over the period under review, sheep and goat meat exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Australia (X tons) and New Zealand (X tons) were the main exporters of sheep and goat meatin the world, together generating X% of total exports. It was distantly followed by the UK (X tons), committing a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat markets from Benin were Australia ($X), New Zealand ($X) and the UK ($X), together accounting for X% of total exports. These countries were followed by Ireland, the Netherlands, Spain and India, which together accounted for a further X the main exporting countries, the Netherlands 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 sheep and goat meat export price in Benin amounted to $X per ton, stabilizing at the previous year. Overall, the sheep and goat meat export price continues to indicate a precipitous curtailment. Benin export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Imports of Sheep And Goat Meat

Imports into Benin

In 2018, approx. X tons of sheep and goat meat were imported into Benin; lowering by -X% against the previous year. In general, the total imports indicated buoyant 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. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Benin imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, sheep and goat meat imports totaled $X in 2018. In general, sheep and goat meat imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Benin imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) were the major importers of sheep and goat meat, together committing X% of total imports. The United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (X tons) held a minor share 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, the U.S. ($X), China ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Benin, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sheep and goat meat import price in Benin stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the sheep and goat meat import price, however, continues to indicate a significant contraction. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Benin import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform