Madagascar: Meat Market 2020

Meat Market Size in Madagascar

The revenue of the meat market in Madagascar amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated a resilient increase 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 consumption increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, the meat market attained its peak level and is likely to continue its growth in the immediate term.

Meat Production in Madagascar

In value terms, meat production stood at $X in 2018 estimated in export prices. In general, meat production continues to indicate prominent growth. 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 production attained its peak figure level in 2018 and is expected to retain its growth in the near future.

In 2018, the average meat yield in Madagascar stood at X kg per head, stabilizing at 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 Madagascar amounted to X head, stabilizing at the previous year. In general, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Madagascar

Meat exports from Madagascar amounted to X tons in 2018, waning by -X% against the previous year. Overall, meat exports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2015 when exports decreased by -X% against the previous year. Madagascar exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, meat exports totaled $X in 2018. Overall, meat exports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. In that year, meat exports attained their peak of $X. From 2016 to 2018, the growth of meat exports remained at a somewhat lower figure.

Exports by Country

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) represented roughly X% of total exports of meat in 2018.

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 comprising X% of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Madagascar, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of 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 meat export price in Madagascar amounted to $X per ton, growing by X% against the previous year. Over the period under review, the meat export price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. Over the period under review, the export prices for meat reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Madagascar

In 2018, the meat imports into Madagascar amounted to X tons, dropping by -X% against the previous year. Overall, meat imports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, meat imports reached their maximum at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, meat imports totaled $X in 2018. In general, meat imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, meat imports attained their peak of $X. From 2009 to 2018, the growth of meat imports failed to regain its momentum.

Imports by Country

The imports of the twelve major importers of meat, namely China, Japan, the U.S., Italy, Germany, Mexico, South Korea, China, Hong Kong SAR, Vietnam, the UK, Poland and the Netherlands, represented more than half 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, the largest meat importing markets into Madagascar were Japan ($X), the U.S. ($X) and China ($X), together accounting for 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 Madagascar, which together accounted for a further X Nam experienced the highest rates of growth with regard to 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

In 2018, the meat import price in Madagascar amounted to $X per ton, going down by -X% against the previous year. Overall, the meat import price continues to indicate a measured reduction. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the import prices for meat attained their maximum at $X per ton in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

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