Rwanda: Beef Market 2020

Beef Market Size in Rwanda

The revenue of the beef market in Rwanda amounted to $X in 2018, surging by X% against the previous year. In general, beef consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, the beef market attained its peak level of $X. From 2016 to 2018, the growth of the beef market remained at a lower figure.

Beef Production in Rwanda

In value terms, beef production totaled $X in 2018 estimated in export prices. Overall, beef production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, beef production reached its peak level of $X. From 2016 to 2018, beef production growth remained at a lower figure.

Beef Exports

Exports from Rwanda

In 2018, the exports of beef (cattle meat) from Rwanda amounted to X tons, surging by X% against the previous year. Over the period under review, beef exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. Rwanda exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, beef exports stood at $X in 2018. Over the period under review, beef exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Rwanda exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

The exports of the four major exporters of beef (cattle meat), namely Brazil, India, Australia and the U.S., represented more than third of total export. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports. New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Rwanda, while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets from Rwanda were the U.S. ($X), Australia ($X) and Brazil ($X), together comprising X% of total exports. India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Rwanda lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Rwanda 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

In 2018, the beef export price in Rwanda amounted to $X per ton, rising by X% against the previous year. Overall, the beef export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by X% y-o-y. Over the period under review, the export prices for beef (cattle meat) attained their maximum in 2018 and is likely to continue its growth in the near future.

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

In 2018, approx. X tons of beef (cattle meat) were imported into Rwanda; falling by -X% against the previous year. Overall, beef imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, beef imports attained their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, beef imports totaled $X in 2018. Over the period under review, beef imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Rwanda 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 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) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Rwanda, which together accounted for a further X Nam recorded the highest growth rate of imports, in terms of 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 beef import price in Rwanda amounted to $X per ton, rising by X% against the previous year. Overall, the import price indicated temperate growth from 2007 to 2018: its price 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, beef import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. In that year, the import prices for beef (cattle meat) reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for beef (cattle meat) remained at a somewhat lower figure.

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