Nicaragua: Meat Market 2020

Meat Market Size in Nicaragua

The revenue of the meat market in Nicaragua amounted to $X in 2018, rising by X% against the previous year. Overall, meat consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Nicaragua meat consumption peaked in 2018 and is expected to retain its growth in the near future.

Meat Production in Nicaragua

In value terms, meat production totaled $X in 2018 estimated in export prices. In general, the total output indicated strong growth 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, meat production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when production volume increased by X% y-o-y. Nicaragua meat production peaked in 2018 and is likely to continue its growth in the immediate term.

In 2018, the average meat yield in Nicaragua totaled X kg per head, approximately reflecting the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Nicaragua amounted to X head, leveling off at the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Nicaragua

In 2018, approx. X tons of meat were exported from Nicaragua; reducing by -X% against the previous year. Overall, the total exports indicated a remarkable 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, meat exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, meat exports attained their peak of X tons. From 2012 to 2018, the growth of meat exports failed to regain its momentum.

In value terms, meat exports totaled $X in 2018. In general, meat exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, meat exports reached their maximum at $X in 2017, and then declined slightly in the following year.

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 largest meat markets from Nicaragua were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Nicaragua, which together accounted for a further X the main exporting countries, India recorded the highest growth rate of 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 Nicaragua stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the export price indicated perceptible growth from 2007 to 2018: its price 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, meat export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2010 when the export price increased by X% year-to-year. Over the period under review, the export prices for meat reached their maximum at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

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 Nicaragua

Meat imports into Nicaragua amounted to X tons in 2018, stabilizing at the previous year. In general, meat imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Nicaragua imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, meat imports totaled $X in 2018. Overall, meat imports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Nicaragua imports peaked at $X in 2017, and then declined slightly in the following year.

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 Nicaragua, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat importing markets into Nicaragua were Japan ($X), the U.S. ($X) and China ($X), together accounting for X% of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Nicaragua lagged somewhat behind, together accounting for a further X terms of the main importing countries, Nicaragua recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Nicaragua stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the meat import price continues to indicate a measured descent. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Nicaragua import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a 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