Eritrea: Beef Market 2020

Beef Market Size in Eritrea

The revenue of the beef market in Eritrea amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Eritrea beef consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Beef Production in Eritrea

In value terms, beef production amounted to $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 remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Over the period under review, beef production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Beef Exports

Exports from Eritrea

In 2018, approx. X kg of beef (cattle meat) were exported from Eritrea; approximately equating the previous year. Overall, beef exports continue to indicate a relatively flat trend pattern.

In value terms, beef exports totaled $X in 2018. In general, beef exports continue to indicate a relatively flat trend pattern.

Exports by Country

The exports of the four major exporters of beef (cattle meat), namely Brazil, India, Australia and the U.S., represented more than third of total export. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports. New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) held a little share 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 largest beef markets from Eritrea were the U.S. ($X), Australia ($X) and Brazil ($X), together comprising X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany and Uruguay, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the beef export price in Eritrea amounted to $X per ton, standing approx. at the previous year. Over the period under review, the beef export price continues to indicate a relatively flat trend pattern.

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 Eritrea

In 2018, the amount of beef (cattle meat) imported into Eritrea amounted to X tons, growing by X% against the previous year. In general, beef imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. In that year, beef imports reached their peak of X tons. From 2013 to 2018, the growth of beef imports remained at a somewhat lower figure.

In value terms, beef imports stood at $X in 2018. Overall, the total imports indicated a moderate increase from 2007 to 2018: its value decreased 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, beef imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, beef imports attained their peak of $X. From 2013 to 2018, the growth of beef 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 Eritrea were the U.S. ($X), Japan ($X) and China ($X), together comprising X% of total imports. South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Eritrea lagged somewhat behind, together accounting for a further X Nam experienced the highest growth rate of imports, among the main importing countries 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 Eritrea amounted to $X per ton, standing approx. at the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the import prices for beef (cattle meat) attained their peak figure at $X per ton in 2017, leveling off in the following year.

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