Solomon Islands: Beef Market 2020

Beef Market Size in Solomon Islands

The revenue of the beef market in Solomon Islands amounted to $X in 2018, jumping by X% against the previous year. Overall, the total market indicated significant 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, beef consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. In that year, the beef market reached its peak level of $X. From 2012 to 2018, the growth of the beef market remained at a somewhat lower figure.

Beef Production in Solomon Islands

In value terms, beef production stood at $X in 2018 estimated in export prices. Over the period under review, beef production continues to indicate a measured increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, beef production reached its peak level of $X. From 2012 to 2018, beef production growth remained at a lower figure.

Beef Exports

Exports from Solomon Islands

In 2018, the beef exports from Solomon Islands totaled X kg, remaining stable against the previous year. Over the period under review, beef exports continue to indicate a sharp curtailment. Solomon Islands exports peaked at X kg in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, beef exports stood at $X in 2018. In general, beef exports continue to indicate a dramatic slump. Solomon Islands exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons) represented the largest exporters of beef (cattle meat) in the world, constituting X% 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) occupied a relatively small share of total exports.

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 U.S. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany and Uruguay lagged somewhat behind, together comprising a further X terms of the main exporting countries, India experienced 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 Solomon Islands amounted to $X per ton, flattening at the previous year. Over the period under review, the beef export price continues to indicate a precipitous slump. Over the period under review, the export prices for beef (cattle meat) reached their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

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 Solomon Islands

In 2018, the amount of beef (cattle meat) imported into Solomon Islands totaled X tons, increasing by X% against the previous year. In general, beef imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, beef imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, beef imports stood at $X in 2018. Overall, beef imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Solomon Islands imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), Vietnam (X tons), China (X tons), Japan (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Russia (X tons), the UK (X tons) and France (X tons) were the largest importers of beef (cattle meat) in the world, constituting X% 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 largest beef importing markets into Solomon Islands were the U.S. ($X), Japan ($X) and China ($X), together accounting for X% of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Solomon Islands, which together accounted for a further X Nam recorded the highest rates of growth with regard to 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 Solomon Islands amounted to $X per ton, reducing by -X% against the previous year. In general, the beef import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Solomon Islands import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Vietnam ($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