Pork Market Overview in Armenia
In value terms, pork production expanded modestly to $ in estimated in export prices. Overall, production recorded a perceptible slump. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production remained at a lower figure.
The average yield of pork in Armenia totaled kg per head in , approximately equating 2019 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by % year-to-year. Over the period under review, the average pork yield reached the peak level at kg per head in 2018; however, from 2019 to , the yield remained at a lower figure.
In , number of animals slaughtered for pork production in Armenia stood at heads, growing by % on the previous year. Overall, the number of producing animals continues to indicate a mild expansion. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by % y-o-y. The number of animals slaughtered for pork production peaked at heads in 2016; however, from 2017 to , producing animals stood at a somewhat lower figure.
The value of the pork market in Armenia declined to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.