Brunei Darussalam: Meat Market 2020

Meat Market Size in Brunei Darussalam

The revenue of the meat market in Brunei Darussalam amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. In that year, the meat market attained its peak level and is likely to continue its growth in the immediate term.

Meat Production in Brunei Darussalam

In value terms, meat production totaled $X in 2018 estimated in export prices. Overall, meat production continues to indicate a drastic decline. The pace of growth was the most pronounced in 2015 when production volume increased by X% y-o-y. Over the period under review, meat production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Average yield of meat in Brunei Darussalam totaled X kg per head in 2018, therefore, remained relatively stable against the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Brunei Darussalam amounted to X head, remaining constant against the previous year. Overall, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Brunei Darussalam

In 2018, approx. X tons of meat were exported from Brunei Darussalam; picking up by X% against the previous year. In general, meat exports, however, continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Brunei Darussalam exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, meat exports amounted to $X in 2018. Over the period under review, meat exports, however, continue to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, meat exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Brunei Darussalam, which together accounted for a further X terms of the main exporting countries, India recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the meat export price in Brunei Darussalam amounted to $X per ton, surging by X% against the previous year. In general, the meat export price, however, continues to indicate an abrupt deduction. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Over the period under review, the export prices for meat attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was New Zealand ($X per ton), while Denmark ($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.

Meat Imports

Imports into Brunei Darussalam

In 2018, approx. X tons of meat were imported into Brunei Darussalam; jumping by X% against the previous year. In general, 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. In that year, meat imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, meat imports stood at $X in 2018. Overall, the total imports indicated a prominent expansion from 2007 to 2018: its value 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, meat imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, meat imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons), the U.S. (X tons), Italy (X tons), Germany (X tons), Mexico (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), the UK (X tons), Poland (X tons) and the Netherlands (X tons) represented roughly X% of total imports of meat in 2018.

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 meat importing markets into Brunei Darussalam were Japan ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Brunei Darussalam, which together accounted for a further X the main importing countries, Vietnam recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Brunei Darussalam stood at $X per ton in 2018, falling by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. In that year, the import prices for meat attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for meat remained at a lower figure.

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

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

Source: IndexBox Platform