Somalia: Meat Market 2020

Meat Market Size in Somalia

The revenue of the meat market in Somalia amounted to $X in 2018, approximately reflecting the previous year. Over the period under review, meat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Somalia meat consumption peaked at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Meat Production in Somalia

In value terms, meat production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Somalia meat production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Average yield of meat in Somalia amounted to X kg per head in 2018, lowering by -X% against the previous year. Over the period under review, the meat yield continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The global meat yield peaked at X kg per head in 2011; however, from 2012 to 2018, yield remained at a lower figure.

The number of animals slaughtered for meat production in Somalia amounted to X heads in 2018, approximately equating the previous year. Overall, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, this number attained its peak figure level in 2018 and is likely to see steady growth in the near future.

Meat Exports

Exports from Somalia

In 2018, the amount of meat exported from Somalia stood at X tons, going down by -X% against the previous year. Overall, meat exports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Somalia exports peaked at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, meat exports amounted to $X in 2018. In general, meat exports continue to indicate a drastic deduction. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, meat exports reached their peak figure at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

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 Somalia were the U.S. ($X), Australia ($X) and Brazil ($X), together accounting for X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Somalia lagged somewhat behind, together accounting for a further X the main exporting countries, India recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Somalia stood at $X per ton in 2018, remaining stable against the previous year. Overall, the export price indicated a mild expansion 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 increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. In that year, the export prices for meat attained their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for meat remained at a lower figure.

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 Somalia

In 2018, the meat imports into Somalia stood at X tons, picking up by X% against the previous year. In general, meat imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, meat imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, meat imports stood at $X in 2018. Overall, the total imports indicated modest growth from 2007 to 2018: its value decreased 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. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, meat imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

The countries with the highest levels of meat imports in 2018 were China (X tons), Japan (X tons), the U.S. (X tons), Italy (X tons), Germany (X tons), Mexico (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), the UK (X tons), Poland (X tons) and the Netherlands (X tons), together resulting at 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, Japan ($X), the U.S. ($X) and China ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Somalia, which together accounted for a further X terms of the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Somalia stood at $X per ton in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, the import prices for meat attained their peak figure at $X per ton in 2016; however, from 2017 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