Montenegro: Meat Market 2020

Meat Market Size in Montenegro

The revenue of the meat market in Montenegro amounted to $X in 2018, flattening at the previous year. In general, meat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. In that year, the meat market attained its peak level of $X. From 2015 to 2018, the growth of the meat market remained at a lower figure.

Meat Production in Montenegro

In value terms, meat production stood at $X in 2018 estimated in export prices. In general, meat production continues to indicate a significant decline. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, meat production attained its maximum level at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Average yield of meat in Montenegro amounted to X kg per head in 2018, remaining constant against 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 Montenegro totaled X head, approximately reflecting the previous year. Overall, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Montenegro

Meat exports from Montenegro amounted to X tons in 2018, falling by -X% against the previous year. Overall, meat exports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Montenegro exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, meat exports stood at $X in 2018. Overall, meat exports continue to indicate a drastic drop. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, meat exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, 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) were the major exporters of meat in the world, achieving 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 largest meat markets from Montenegro were the U.S. ($X), Australia ($X) and Brazil ($X), together accounting for X% of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Montenegro, which together accounted for a further X terms of the main exporting countries, India experienced 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 Montenegro stood at $X per ton in 2018, standing approx. at the previous year. Overall, the meat export price continues to indicate a deep deduction. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. In that year, the export prices for meat reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for meat remained at a lower figure.

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 Montenegro

Meat imports into Montenegro stood at X tons in 2018, going up by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, meat imports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, meat imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Montenegro imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

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 roughly X% of total imports of meat in 2018.

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

Import Prices by Country

In 2018, the meat import price in Montenegro amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the meat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the import prices for meat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for meat remained 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