Earlier Report Observations
From 2018 to 2023, the market volume for pig offal in Honduras declined from 832 tons to 730 tons, reaching a low of 680 tons in 2022. This contraction was accompanied by a steady decrease in domestic production, while imports and exports fluctuated significantly each year.
The market partially rebounded in 2023, rising to 730 tons. Trade patterns through 2024 show Honduras remained a principal destination for these products, with underlying demand staying stable even as import volumes adjusted from the previous year's high level.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Honduras
- 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Honduras in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Honduras
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6. Exports
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6.1. Exports (Direct Data*)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data*)
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7. Imports
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7.1. Imports (Direct Data*)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production pig offal in Honduras
In kind, 2017-2020, t
Top producers of pig offal, 2017-2020
World map of production of pig offal, 2017-2020
Pig offal production in Honduras has declined for the third year in a row. In 2020, the country produced 505.6 t of pig offal, which represents an 11.5% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 21.4%, with a compound annual growth rate of -7.7%.
Annual dynamics of production in Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.7%) | (8.7%) | (11.5%) | (7.7%) |
Exports pig offal from Honduras
Exports in kind, t
Honduras's pig offal exports have increased for the third consecutive year. In 2020, exports reached 81.8 t, up by 17.2% from the previous year. Between 2017 and 2020, exports surged by 626.7%, which translates to an annualized growth rate of 93.7%.
Annual dynamics of product's exports from Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.8% | 469.7% | 17.2% | 93.7% |
From 2017 to 2020, the main buyers of pig offal from Honduras were Vietnam (45.9% of exports in kind), China (12.2% of exports in kind), and the United States (11.5% of exports in kind). Together, these three countries accounted for 69.5% of total exports in kind.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Honduras in kind, 2017-2020
Exports in value, K $ US
The market showed significant volatility during these years. The lowest value was recorded in 2018 at 7 K $ US, while the highest was observed in 2020 at 93 K $ US, resulting in a peak-to-trough ratio of 13.8 times. In 2020, Honduras exported 93 K $ US of pig offal, marking a 51.7% increase from the previous year. The largest decline occurred in 2018, with a drop of 73.0%, while the largest increase was in 2019, with a surge of 808.9%.
Annual dynamics of product's exports from Honduras in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (73.0%) | 808.9% | 51.7% | 55.0% |
During 2017–2020, the United States (43.5% of exports in value terms), El Salvador (20.5% of exports in value terms), and Guatemala (18.7% of exports in value terms) were the principal buyers of pig offal from Honduras. Collectively, they made up 82.7% of total exports in value terms.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Honduras in value, 2017-2020
Imports pig offal to Honduras
Imports in kind, t
Pig offal imports into Honduras have increased for the third consecutive year. In 2020, Honduras imported 1 031 t of pig offal, a rise of 9.7% compared to the previous year. Between 2017 and 2020, imports grew by 45.4%, equating to an annualized rate of 13.3%.
Annual dynamics of product's imports to Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2.7% | 29.1% | 9.7% | 13.3% |
From 2017 to 2020, the United States (with 59.7% of total flows) and Costa Rica (40.3%) were the key sources for imports in kind, together accounting for 100.0% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Honduras in kind, 2017-2020
Imports in value, K $ US
Pig offal import volumes in Honduras have increased for the third year in a row. In 2020, imports reached 1 031 K $ US, showing no change from the previous year. Over the period from 2017 to 2020, imports rose by 66.3%, which corresponds to an annualized growth rate of 18.5%.
Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 25.2% | 32.5% | 0.2% | 18.5% |
Throughout 2017–2020, the United States (with 73.4% of total flows) and Costa Rica (26.6%) were the key markets for imports in value terms, together forming 100.0% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Honduras in value, 2017-2020
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