Guam: Meat Market 2020

Meat Market Size in Guam

The revenue of the meat market in Guam amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, meat consumption, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the meat market reached its peak figure level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Meat Production in Guam

In value terms, meat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated remarkable growth 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 production increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Guam meat production peaked in 2018 and is expected to retain its growth in the immediate term.

Average yield of meat in Guam amounted to X kg per head in 2018, approximately equating the previous year. Over the period under review, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Guam totaled X head, therefore, remained relatively stable against the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Guam

Meat exports from Guam amounted to X tons in 2018, stabilizing at the previous year. Over the period under review, the total exports indicated a buoyant expansion from 2007 to 2018: its volume 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 exports decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Guam exports peaked at X tons in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, meat exports amounted to $X in 2018. Overall, meat exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Guam exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

The countries with the highest levels of meat exports in 2018 were the U.S. (X tons), Germany (X tons), Spain (X tons), Brazil (X tons), Australia (X tons), the Netherlands (X tons), Denmark (X tons), India (X tons), Canada (X tons), Poland (X tons), Belgium (X tons) and New Zealand (X tons), together reaching 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 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. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Guam lagged somewhat behind, together accounting for a further X the main exporting countries, India recorded 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

The meat export price in Guam stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the export price indicated a remarkable 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 export price increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Guam export price peaked in 2018 and is likely to continue its growth in the immediate term.

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 Guam

In 2018, the meat imports into Guam totaled X tons, waning by -X% against the previous year. Overall, meat imports, however, continue to indicate slight growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Guam imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, meat imports totaled $X in 2018. In general, the total imports indicated a measured 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 decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Guam imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, 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 the key importers of meat in the world, achieving X% of total import.

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, Japan ($X), the U.S. ($X) and China ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Guam, which together accounted for a further X terms of the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Guam stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. In that year, the import prices for meat attained their peak level and is likely to continue its growth in the immediate term.

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