Cabo Verde: Pork Market 2020

Pork Market Size in Cabo Verde

The revenue of the pork market in Cabo Verde amounted to $X in 2018, dropping by -X% against the previous year. Over the period under review, pork consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the pork market attained its maximum level at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Pork Production in Cabo Verde

In value terms, pork production totaled $X in 2018 estimated in export prices. Overall, pork production continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, pork production attained its peak level of $X. From 2011 to 2018, pork production growth remained at a lower figure.

Pork Exports

Exports from Cabo Verde

In 2018, approx. X tons of pork were exported from Cabo Verde; surging by X% against the previous year. Over the period under review, pork exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Cabo Verde exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, pork exports amounted to $X in 2018. Overall, pork exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, pork exports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, 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) were the major exporters of pork in the world, generating 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 Cabo Verde, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Cabo Verde 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

In 2018, the pork export price in Cabo Verde amounted to $X per ton, shrinking by -X% against the previous year. Overall, the pork export price continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. Cabo Verde export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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 Cabo Verde

Pork imports into Cabo Verde amounted to X tons in 2018, going down by -X% against the previous year. Over the period under review, pork imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cabo Verde imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, pork imports amounted to $X in 2018. Over the period under review, pork imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Cabo Verde imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

The countries with the highest levels of pork imports in 2018 were China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons), together resulting at 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 ($X) constitutes the largest market for imported pork into Cabo Verde, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2018, the pork import price in Cabo Verde amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the pork import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. In that year, the import prices for pork reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for pork 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 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