Honduras: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Honduras

The revenue of the sheep and goat meat market in Honduras amounted to $X in 2018, rising by X% against the previous year. Over the period under review, the total market indicated prominent growth from 2007 to 2018: its value 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 consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the sheep and goat meat market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Production of Sheep And Goat Meat in Honduras

In value terms, sheep and goat meat production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a resilient 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, sheep and goat meat production increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, sheep and goat meat production attained its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Exports of Sheep And Goat Meat

Exports from Honduras

Sheep and goat meat exports from Honduras stood at X kg in 2018, declining by -X% against the previous year. Overall, sheep and goat meat exports continue to indicate a dramatic deduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, sheep and goat meat exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports amounted to $X in 2018. Over the period under review, sheep and goat meat exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Honduras exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Australia (X tons) and New Zealand (X tons) were the main exporters of sheep and goat meat in 2018, recording near X% and X% of total exports, respectively. It was distantly followed by the UK (X tons), mixing up a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) took 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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Ireland, the Netherlands, Spain, India and Honduras lagged somewhat behind, together accounting for a further X the main exporting countries, the Netherlands experienced 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

The sheep and goat meat export price in Honduras stood at $X per ton in 2018, going up by X% against the previous year. Overall, the sheep and goat meat export price continues to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% year-to-year. In that year, the export prices for sheep and goat meat reached their peak level 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 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 Honduras

In 2018, the imports of sheep and goat meat into Honduras amounted to X tons, dropping by -X% against the previous year. In general, sheep and goat meat imports, however, continue to indicate a prominent expansion. 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 attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, sheep and goat meat imports totaled $X in 2018. Overall, sheep and goat meat imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Honduras imports peaked at $X in 2016; however, from 2017 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) represented the largest importers of sheep and goat meat, together comprising X% of total imports. The following importers - 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) - together made up X% of total imports.

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 Honduras were the U.S. ($X), China ($X) and France ($X), together comprising X% of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Honduras, which together accounted for a further X the main importing countries, Qatar recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sheep and goat meat import price in Honduras amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the sheep and goat meat import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% year-to-year. In that year, the import prices for sheep and goat meat reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for sheep and goat meat failed to regain its momentum.

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