Congo: Beef Market 2020

Beef Market Size in Congo

The revenue of the beef market in Congo amounted to $X in 2018, dropping by -X% against the previous year. In general, beef consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. In that year, the beef market attained its peak level of $X. From 2010 to 2018, the growth of the beef market remained at a lower figure.

Beef Production in Congo

In value terms, beef production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. In that year, beef production attained its peak level of $X. From 2013 to 2018, beef production growth remained at a somewhat lower figure.

Beef Exports

Exports from Congo

Beef exports from Congo amounted to X tons in 2018, lowering by -X% against the previous year. Over the period under review, beef exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Congo exports peaked at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, beef exports amounted to $X in 2018. Over the period under review, beef exports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. In that year, beef exports attained their peak of $X. From 2011 to 2018, the growth of beef exports failed to regain its momentum.

Exports by Country

The countries with the highest levels of beef exports in 2018 were Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons), together resulting at X% of total export. It was distantly followed by the Netherlands (X tons), committing 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) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Congo, which together accounted for a further X terms of the main exporting countries, India 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 beef export price in Congo amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. Congo export price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Congo

In 2018, the beef imports into Congo totaled X tons, going down by -X% against the previous year. Overall, beef imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. In that year, beef imports attained their peak of X tons. From 2010 to 2018, the growth of beef imports failed to regain its momentum.

In value terms, beef imports amounted to $X in 2018. In general, beef imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, beef imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X tons), Vietnam (X tons), China (X tons), Japan (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Russia (X tons), the UK (X tons) and France (X tons) represented roughly X% of total imports of beef (cattle 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 beef importing markets into Congo were the U.S. ($X), Japan ($X) and China ($X), with a combined X% share of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Congo, which together accounted for a further X terms of the main importing countries, Vietnam recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the beef import price in Congo amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price indicated a resilient expansion from 2007 to 2018: its price 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. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Congo import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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