Solomon Islands: Pork Market 2020

Pork Market Size in Solomon Islands

The revenue of the pork market in Solomon Islands amounted to $X in 2018, remaining stable against the previous year. In general, pork consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the pork market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Pork Production in Solomon Islands

In value terms, pork production amounted to $X in 2018 estimated in export prices. Overall, pork production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, pork production attained its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Pork Exports

Exports from Solomon Islands

In 2018, approx. X kg of pork were exported from Solomon Islands; remaining stable against the previous year. Overall, pork exports continue to indicate a relatively flat trend pattern.

In value terms, pork exports amounted to $X in 2018. In general, pork exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2018, the U.S. (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), Poland (X tons) and France (X tons) were the key exporters of pork in the world, constituting 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 Spain, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland and France, which together accounted for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pork export price in Solomon Islands amounted to $X per ton, approximately mirroring the previous year. In general, the pork export price continues to indicate a relatively flat trend pattern.

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 Solomon Islands

In 2018, the amount of pork imported into Solomon Islands stood at X tons, growing by X% against the previous year. In general, pork imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Solomon Islands imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pork imports stood at $X in 2018. Over the period under review, the total imports indicated resilient 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, pork imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Solomon Islands imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons) were the largest importers of pork in the world, committing X% of total import. 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) followed a long way behind the leaders.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Japan stood at +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

The pork import price in Solomon Islands stood at $X per ton in 2018, rising by X% against the previous year. In general, the pork import price, however, continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, the import prices for pork attained their maximum at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; 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