Suriname: Meat Market 2020

Meat Market Size in Suriname

The revenue of the meat market in Suriname amounted to $X in 2018, surging by X% against the previous year. The market 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 pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. In that year, the meat market attained its peak level of $X; afterwards, it flattened through to 2018.

Meat Production in Suriname

In value terms, meat production amounted to $X in 2018 estimated in export prices. Overall, meat production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, meat production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of meat in Suriname stood at X kg per head, standing approx. at the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for meat production in Suriname totaled X head in 2018, remaining relatively unchanged against 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 Suriname

In 2018, the exports of meat from Suriname amounted to X tons, falling by -X% against the previous year. Over the period under review, meat exports continue to indicate a significant deduction. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. In that year, meat exports attained their peak of X tons, and then declined slightly in the following year.

In value terms, meat exports totaled $X in 2018. Overall, meat exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, meat exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

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 U.S. ($X), Australia ($X) and Brazil ($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 Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Suriname, which together accounted for a further X terms of the main exporting countries, India recorded the highest growth rate of 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 Suriname stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the meat export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. Over the period under review, the export prices for meat attained their peak figure in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; 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 Suriname

In 2018, approx. X tons of meat were imported into Suriname; picking up by X% against the previous year. Over the period under review, the total imports indicated a measured expansion from 2007 to 2018: its volume 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, meat imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. In that year, meat imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, meat imports stood at $X in 2018. Over the period under review, the total imports indicated a moderate expansion from 2007 to 2018: its value 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, meat imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, meat imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

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. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Suriname lagged somewhat behind, together accounting for a further X terms of the main importing countries, Vietnam experienced the highest rates of growth with regard to 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 Suriname stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the meat import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the import prices for meat reached their maximum at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

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