Micronesia (Federated States of): Beef Market 2020

Beef Market Size in Micronesia (Federated States of)

The revenue of the beef market in Micronesia (Federated States of) amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, beef consumption continues to indicate a slight slump. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. In that year, the beef market attained its peak level of $X. From 2013 to 2018, the growth of the beef market remained at a lower figure.

Beef Production in Micronesia (Federated States of)

In value terms, beef production stood at $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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, beef production attained its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Beef Exports

Exports from Micronesia (Federated States of)

In 2018, the amount of beef (cattle meat) exported from Micronesia (Federated States of) stood at X kg, approximately reflecting the previous year. Over the period under review, beef exports continue to indicate a dramatic setback. In that year, beef exports attained their peak of X tons. From 2009 to 2018, the growth of beef exports failed to regain its momentum.

In value terms, beef exports stood at $X in 2018. In general, beef exports continue to indicate a dramatic deduction. In that year, beef exports reached their peak of $X. From 2009 to 2018, the growth of beef exports remained at a lower figure.

Exports by Country

Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons) represented roughly X% of total exports of beef (cattle meat) in 2018. It was distantly followed by the Netherlands (X tons), comprising a X% share of total exports. The following exporters - New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) - together made up X% 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 Micronesia (Federated States of) were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share 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 experienced the highest growth rate of 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 beef export price in Micronesia (Federated States of) amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the beef export price continues to indicate a temperate reduction. In that year, the export prices for beef (cattle meat) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for beef (cattle meat) remained at a lower figure.

Prices varied noticeably by the country of origin; 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 Micronesia (Federated States of)

In 2018, the beef imports into Micronesia (Federated States of) totaled X tons, shrinking by -X% against the previous year. In general, beef imports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Micronesia (Federated States of) imports peaked at X tons in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, beef imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Micronesia (Federated States of) imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Vietnam, China, Japan, South Korea, China, Hong Kong SAR, the Netherlands, Italy, Germany, Russia, the UK and France, 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 U.S. ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Micronesia (Federated States of) lagged somewhat behind, together accounting for a further X the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beef import price in Micronesia (Federated States of) stood at $X per ton in 2018, surging by X% against the previous year. In general, the beef import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, the import prices for beef (cattle meat) attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Vietnam ($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