Tuvalu: Meat Market 2020

Meat Market Size in Tuvalu

The revenue of the meat market in Tuvalu amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the meat market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Meat Production in Tuvalu

In value terms, meat production totaled $X in 2018 estimated in export prices. In general, meat production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. Over the period under review, meat production reached its peak figure level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Average yield of meat in Tuvalu totaled X kg per head in 2018, remaining stable against the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, approx. X head of animals slaughtered for meat production in Tuvalu; remaining stable 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 Tuvalu

In 2018, the exports of meat from Tuvalu amounted to X kg, approximately mirroring the previous year. In general, meat exports continue to indicate a dramatic drop. Tuvalu exports peaked at X kg in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

In value terms, meat exports stood at $X in 2018. Over the period under review, meat exports continue to indicate a dramatic downturn. Over the period under review, meat exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports remained at a lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, represented more than two-thirds 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat markets from Tuvalu were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland and Belgium, which together accounted for a further X terms of 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

In 2018, the meat export price in Tuvalu amounted to $X per ton, approximately reflecting the previous year. Overall, the meat export price continues to indicate a precipitous contraction. Over the period under review, the export prices for meat attained their maximum at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

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 Tuvalu

In 2018, the amount of meat imported into Tuvalu stood at X tons, increasing by X% against the previous year. In general, the total imports indicated temperate growth 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 decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, meat imports reached their peak figure at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, meat imports totaled $X in 2018. In general, meat imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Tuvalu 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), 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) represented the main importers of meat in the world, comprising 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 meat importing markets into Tuvalu were Japan ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Tuvalu lagged somewhat behind, together comprising a further X terms of the main importing countries, Vietnam recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the meat import price in Tuvalu amounted to $X per ton, increasing by X% against the previous year. Overall, the import price indicated a prominent expansion 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, meat import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for meat reached their peak figure in 2018 and is likely to continue its growth in the immediate term.

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