Earlier Report Observations
From 2018 to 2021, the pork market in Micronesia showed consistent growth, expanding from 1 308 metric tons to a peak of 1 620 metric tons. This rise was accompanied by a steady increase in domestic production from 996 t to 1 024 t and a significant expansion of imports, which more than doubled from 313 t to 595 t.
After 2021, the total market volume contracted slightly to 1 555 t in 2022 and stabilized at around 1 552 t in 2023. During this period, imports declined to 507 t, while local production continued its gradual upward trend, reaching 1 045 t by 2023.
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 Micronesia
- 5.1.1. Annual dynamics of production in Micronesia in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Micronesia 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 Micronesia
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production pork in Micronesia
In kind, 2017-2020, t
Top producers of pork, 2017-2020
World map of production of pork, 2017-2020
Pork production in Micronesia has increased for the second consecutive year. In 2020, the country produced 1 004 tons of pork, maintaining a relatively stable level compared to the previous year. The lowest production volume was recorded in 2018 at 996 tons. The most significant decline occurred in 2018 with a 2.1% decrease, while the largest increase was observed in 2019 with a 0.5% growth.
Annual dynamics of production in Micronesia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.1%) | 0.5% | 0.3% | (0.4%) |
Exports pork from Micronesia
According to industry reports, there was no pork export activity in Micronesia between 2017 and 2020.
Imports pork to Micronesia
Imports in kind, t
Pork imports to Micronesia have risen for the second year in a row. In 2020, imports reached 482.7 tons, representing a 22.9% increase compared to 2019. Over the period from 2017 to 2020, imports grew by 43.9%, which translates to an annualized growth rate of 12.9%. The lowest import volume was recorded in 2018 at 312.6 tons. The most substantial decline occurred in 2018 with a 6.8% decrease, while the largest increase was observed in 2019 with a 25.7% rise.
Annual dynamics of product's imports to Micronesia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (6.8%) | 25.7% | 22.9% | 12.9% |
From 2017 to 2020, the United States and Australia served as the primary sources for pork imports to Micronesia, together accounting for 99.9% of total import volumes.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Micronesia in kind, 2017-2020
Imports in value, K $ US
Pork imports to Micronesia have increased in value for the second consecutive year. In 2020, imports amounted to 1 480 thousand US dollars, marking a 26.4% rise compared to the previous year. Between 2017 and 2020, import values grew by 46.9%, equivalent to an annualized growth rate of 13.7%. The lowest value was recorded in 2018 at 924 thousand US dollars. The most significant decline occurred in 2018 with an 8.2% decrease, while the largest increase was observed in 2019 with a 26.7% rise.
Annual dynamics of product's imports to Micronesia in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (8.2%) | 26.7% | 26.4% | 13.7% |
Throughout the 2017–2020 period, the United States and Australia were the dominant markets for pork imports to Micronesia in value terms, collectively representing 99.8% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Micronesia in value, 2017-2020
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