Montenegro: Pork Market 2020

Pork Market Size in Montenegro

The revenue of the pork market in Montenegro amounted to $X in 2018, growing by X% against the previous year. Over the period under review, the total market indicated a slight expansion 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, pork consumption decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. Montenegro pork consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Pork Production in Montenegro

In value terms, pork production amounted to $X in 2018 estimated in export prices. Overall, pork production continues to indicate a drastic decrease. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. In that year, pork production attained its peak level of $X. From 2012 to 2018, pork production growth remained at a lower figure.

Pork Exports

Exports from Montenegro

In 2018, the pork exports from Montenegro stood at X tons, declining by -X% against the previous year. Overall, pork exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. In that year, pork exports attained their peak of X tons, and then declined slightly in the following year.

In value terms, pork exports stood at $X in 2018. In general, pork exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, pork exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

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, together accounting for X% of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Montenegro, which together accounted for a further X terms of the main exporting countries, Poland 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 pork export price in Montenegro stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the pork export price, however, continues to indicate a moderate slump. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Montenegro export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

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 Montenegro

Pork imports into Montenegro amounted to 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 in certain years. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Montenegro imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, pork 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, pork imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

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) held a little share 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, Japan ($X) constitutes the largest market for imported pork into Montenegro, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan amounted to +X%. 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 Montenegro amounted to $X per ton, going down by -X% against the previous year. In general, the pork import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the import prices for pork attained their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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