Earlier Report Observations
The sheep and goat meat market in Micronesia experienced a substantial contraction from 43 000 kg in 2018 to 27 000 kg in 2023, largely due to a dramatic fall in imports from 16 700 kg to just 200 kg over the same period. Domestic production remained steady around 26 000 kg annually, meaning that import volatility dictated overall market size.
Following a sharp drop in 2020, when imports collapsed to under 1 100 kg, the market stabilized at around 27 000 kg with minor fluctuations. The consistent domestic output provided a stable base, while import levels determined the year-to-year changes in total availability.
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, kg
- 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, kg
- 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, kg
- 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, kg
- 6.1.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, kg
- 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, $ US
- 6.1.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, $ 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/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/kg
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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, kg
- 6.2.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, kg
- 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, $ US
- 6.2.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, $ 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/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/kg
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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, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ 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 sheep and goat meat in Micronesia
In kind, 2017-2020, kg
Top producers of sheep and goat meat, 2017-2020
World map of production of sheep and goat meat, 2017-2020
Micronesia's sheep and goat meat production has declined for the third year in a row. In 2020, the country produced 26 100 kg of this meat, showing minimal change from the previous year.
Annual dynamics of production in Micronesia in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.3%) | (0.4%) | (0.3%) | (0.3%) |
Exports sheep and goat meat from Micronesia
According to market research, Micronesia did not export any sheep and goat meat between 2017 and 2020.
Imports sheep and goat meat to Micronesia
Imports in kind, kg
Import volumes showed significant volatility during this period. They reached their highest point in 2018 and their lowest in 2020, with a 15-fold difference between these years. In 2020, imports totaled 1 087 kg, representing a 92.0% decrease from 2019. The peak import volume was recorded in 2018 at 16 697 kg, which marked an 853.0% increase from the previous year.
Annual dynamics of product's imports to Micronesia in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 853.0% | (18.5%) | (92.0%) | (14.7%) |
From 2017 to 2020, the United States and New Zealand were the primary sources of sheep and goat meat imports to Micronesia, together accounting for 99.9% of total imports.
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, $ US
Import values displayed irregular fluctuations, reflecting a volatile market. Between 2019 and 2020, the difference between the highest and lowest values was 6.5 times. In 2020, the value of imports was 7 663 US dollars, an 84.6% drop from 2019. The highest value was recorded in 2019 at 49 833 US dollars, while the largest year-over-year increase occurred in 2018 at 141.1%.
Annual dynamics of product's imports to Micronesia in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 141.1% | 60.9% | (84.6%) | (15.8%) |
During the 2017–2020 period, the United States and New Zealand dominated Micronesia's sheep and goat meat imports in value terms, together making up 99.7% of total import value.
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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