Micronesia (Federated States of): Pork Market 2020

Pork Market Size in Micronesia (Federated States of)

The revenue of the pork market in Micronesia (Federated States of) amounted to $X in 2018, going down by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, the pork market reached its peak level of $X. From 2012 to 2018, the growth of the pork market remained at a lower figure.

Pork Production in Micronesia (Federated States of)

In value terms, pork production amounted to $X in 2018 estimated in export prices. In general, pork production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Micronesia (Federated States of) pork production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Pork Exports

Exports from Micronesia (Federated States of)

In 2018, approx. X kg of pork were exported from Micronesia (Federated States of); remaining stable against the previous year. Overall, pork exports continue to indicate a relatively flat trend pattern.

In value terms, pork exports stood at $X in 2018. In general, pork exports continue to indicate a relatively flat trend pattern.

Exports by Country

The exports of the ten major exporters of pork, namely the U.S., Germany, Spain, Denmark, Canada, the Netherlands, Belgium, Brazil, Poland and France, represented more than two-thirds 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 Spain, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland and France, which together accounted for a further X experienced 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

The pork export price in Micronesia (Federated States of) stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Overall, the pork export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Pork Imports

Imports into Micronesia (Federated States of)

Pork imports into Micronesia (Federated States of) totaled X tons in 2018, falling by -X% against the previous year. Over the period under review, the total imports indicated a moderate 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, pork imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, pork imports attained their maximum at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, pork imports amounted to $X in 2018. Overall, the total imports indicated a buoyant 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, pork imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, pork imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons) represented roughly X% of total imports of pork in 2018. South Korea (X tons), the UK (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Russia (X tons) and France (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, Japan ($X) constitutes the largest market for imported pork into Micronesia (Federated States of), comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Japan, pork imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2018, the pork import price in Micronesia (Federated States of) amounted to $X per ton, approximately mirroring the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, the import prices for pork reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform