Brunei Darussalam: Beef Market 2020

Beef Market Size in Brunei Darussalam

The revenue of the beef market in Brunei Darussalam amounted to $X in 2018, jumping by X% against the previous year. Overall, beef consumption continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Brunei Darussalam beef consumption peaked at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Beef Production in Brunei Darussalam

In value terms, beef production totaled $X in 2018 estimated in export prices. Over the period under review, beef production continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Brunei Darussalam beef production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Beef Exports

Exports from Brunei Darussalam

In 2018, the beef exports from Brunei Darussalam stood at X tons, increasing by X% against the previous year. Overall, beef exports, however, continue to indicate a drastic setback. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, beef exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, beef exports totaled $X in 2018. Over the period under review, beef exports, however, continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, beef exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons) represented roughly X% of total exports of beef (cattle meat) in 2018. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports. The following exporters - New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) - together made up X% of total exports.

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

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Brunei Darussalam lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the beef export price in Brunei Darussalam amounted to $X per ton, surging by X% against the previous year. Overall, the beef export price, however, continues to indicate a drastic decline. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Brunei Darussalam export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

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

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

Beef Imports

Imports into Brunei Darussalam

In 2018, the amount of beef (cattle meat) imported into Brunei Darussalam totaled X tons, going up by X% against the previous year. Overall, beef imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, beef imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, beef imports stood at $X in 2018. Overall, beef imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Brunei Darussalam imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Vietnam, China, Japan, South Korea, China, Hong Kong SAR, the Netherlands, Italy, Germany, Russia, the UK and France, represented more than half of total import.

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

In value terms, the largest beef importing markets into Brunei Darussalam were the U.S. ($X), Japan ($X) and China ($X), with a combined X% share of total imports. South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Brunei Darussalam lagged somewhat behind, together comprising a further X the main importing countries, Vietnam recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the beef import price in Brunei Darussalam amounted to $X per ton, going down by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 when the import price increased by X% year-to-year. In that year, the import prices for beef (cattle meat) attained their peak level of $X per ton. From 2013 to 2018, the growth in terms of the import prices for beef (cattle meat) remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform