Eritrea: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Eritrea

The revenue of the sheep and goat meat market in Eritrea amounted to $X in 2018, jumping by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, the sheep and goat meat market attained its peak level of $X. From 2012 to 2018, the growth of the sheep and goat meat market failed to regain its momentum.

Production of Sheep And Goat Meat in Eritrea

In value terms, sheep and goat meat production totaled $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, sheep and goat meat production reached its peak level of $X. From 2012 to 2018, sheep and goat meat production growth remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from Eritrea

In 2018, the amount of sheep and goat meat exported from Eritrea amounted to X kg, therefore, remained relatively stable against the previous year. Over the period under review, sheep and goat meat exports continue to indicate an extraordinary expansion. Eritrea exports peaked at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, sheep and goat meat exports totaled $X in 2018. Overall, sheep and goat meat exports continue to indicate an extraordinary expansion. Over the period under review, sheep and goat meat exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) were the key exporters of sheep and goat meat in 2018, reaching near X% and X% of total exports, respectively. It was distantly followed by the UK (X tons), achieving a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat markets from Eritrea were Australia ($X), New Zealand ($X) and the UK ($X), together accounting for X% of total exports. Ireland, the Netherlands, Spain and India lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sheep and goat meat export price in Eritrea amounted to $X per ton, approximately equating the previous year. Overall, the sheep and goat meat export price continues to indicate a dramatic contraction. Eritrea export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

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

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

Imports of Sheep And Goat Meat

Imports into Eritrea

In 2018, the imports of sheep and goat meat into Eritrea totaled X tons, coming down by -X% against the previous year. Over the period under review, sheep and goat meat imports continue to indicate a dramatic deduction. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, sheep and goat meat imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, sheep and goat meat imports amounted to $X in 2018. Overall, sheep and goat meat imports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, sheep and goat meat imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) were the key importers of sheep and goat meat, together achieving X% of total imports. The United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (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, the largest sheep and goat meat importing markets into Eritrea were the U.S. ($X), China ($X) and France ($X), with a combined X% share of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Eritrea, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of 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 sheep and goat meat import price in Eritrea amounted to $X per ton, flattening at the previous year. In general, the import price indicated buoyant growth 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, sheep and goat meat import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, the import prices for sheep and goat meat attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices 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 Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform