Cook Islands: Meat Market 2020

Meat Market Size in Cook Islands

The revenue of the meat market in Cook Islands amounted to $X in 2018, falling by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. In that year, the meat market attained its peak level of $X. From 2015 to 2018, the growth of the meat market remained at a somewhat lower figure.

Meat Production in Cook Islands

In value terms, meat production stood at $X in 2018 estimated in export prices. Overall, meat production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, meat production attained its peak level of $X. From 2015 to 2018, meat production growth failed to regain its momentum.

In 2018, the average yield of meat in Cook Islands stood at X kg per head, approximately equating the previous year. Over the period under review, the meat yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for meat production in Cook Islands amounted to X head in 2018, leveling off at the previous year. Overall, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Cook Islands

In 2018, the amount of meat exported from Cook Islands amounted to X kg, falling by -X% against the previous year. Overall, meat exports continue to indicate a drastic shrinkage. Cook Islands exports peaked at X kg in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, meat exports stood at $X in 2018. In general, meat exports continue to indicate a tangible expansion. Cook Islands exports peaked at $X in 2017, and then declined slightly in the following year.

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, together accounting for X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland and Belgium lagged somewhat behind, together accounting 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 meat export price in Cook Islands amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the meat export price, however, continues to indicate a strong increase. Over the period under review, the export prices for meat attained their peak figure at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; 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 Cook Islands

In 2018, the amount of meat imported into Cook Islands amounted to X tons, falling by -X% against the previous year. Overall, meat imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, meat imports attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, meat imports amounted to $X in 2018. In general, the total imports indicated a remarkable 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 2013 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, meat imports reached 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 Cook Islands were Japan ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Cook Islands lagged somewhat behind, together comprising a further X Nam 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 meat import price in Cook Islands stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the import price indicated a prominent expansion from 2007 to 2018: its price 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, meat import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Cook Islands import price peaked in 2018 and is likely to continue its growth in the near future.

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