Rabbit Meat Market in Sierra Leone
Market Overview
The Sierra Leonean rabbit meat market dropped modestly to $
in , with a decrease of -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.
In value terms, rabbit meat production shrank to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of %. As a result, production reached the peak level of $. From 2019 to , production growth failed to regain momentum.
The average yield of rabbit or hare meat in Sierra Leone stood at kg per head in , therefore, remained relatively stable against figures. Over the period under review, the yield recorded a relatively flat trend pattern. The rabbit meat yield peaked in and is likely to see gradual growth in years to come.
In, number of animals slaughtered for rabbit meat production in Sierra Leone contracted slightly to heads, approximately equating the previous year's figure. Overall, the number of producing animals, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. The number of animals slaughtered for rabbit meat production peaked at heads in , and then declined slightly in the following year.
in , with a decrease of -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.In value terms, rabbit meat production shrank to $
in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of %. As a result, production reached the peak level of $. From 2019 to , production growth failed to regain momentum.The average yield of rabbit or hare meat in Sierra Leone stood at
kg per head in , therefore, remained relatively stable against figures. Over the period under review, the yield recorded a relatively flat trend pattern. The rabbit meat yield peaked in and is likely to see gradual growth in years to come.In
, number of animals slaughtered for rabbit meat production in Sierra Leone contracted slightly to heads, approximately equating the previous year's figure. Overall, the number of producing animals, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. The number of animals slaughtered for rabbit meat production peaked at heads in , and then declined slightly in the following year.Consumption
In , after two years of growth, there was decline in consumption of rabbit or hare meat, when its volume decreased by -% to tons. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in , and then dropped slightly in the following year.
The size of the rabbit meat market in Sierra Leone reduced to $ in , with a decrease of -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a lower figure.
, after two years of growth, there was decline in consumption of rabbit or hare meat, when its volume decreased by -% to tons. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in , and then dropped slightly in the following year.The size of the rabbit meat market in Sierra Leone reduced to $
in , with a decrease of -% 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for rabbit or hare meat in Sierra Leone, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of rabbit meat in Sierra Leone were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for rabbit meat.
Trade Balance
Sierra Leone remains a net exporter of rabbit meat; in physical and value terms, exports consistently exceeded imports from 2014 to 2014. In 2014, there was a significant trade surplus of tons, which was equal to $.
tons, which was equal to $.
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