Barbados: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Barbados

The revenue of the sheep and goat meat market in Barbados amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, sheep and goat meat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Barbados sheep and goat meat consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in Barbados

In value terms, sheep and goat meat production stood at $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Barbados sheep and goat meat production peaked in 2018 and is expected to retain its growth in the immediate term.

Exports of Sheep And Goat Meat

Exports from Barbados

In 2018, the amount of sheep and goat meat exported from Barbados totaled X tons, picking up by X% against the previous year. Overall, sheep and goat meat exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Barbados exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, sheep and goat meat exports amounted to $X in 2018. Over the period under review, sheep and goat meat exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Barbados exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Australia (X tons) and New Zealand (X tons) were the key exporters of sheep and goat meatin the world, together creating X% of total exports. It was distantly followed by the UK (X tons), committing a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Ireland, the Netherlands, Spain, India and Barbados, which together accounted for a further X terms of the main exporting countries, the Netherlands recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sheep and goat meat export price in Barbados amounted to $X per ton, remaining constant against the previous year. Overall, the export price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sheep and goat meat export price decreased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Barbados export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Barbados

In 2018, approx. X tons of sheep and goat meat were imported into Barbados; shrinking by -X% against the previous year. In general, sheep and goat meat imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Barbados imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, sheep and goat meat imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, sheep and goat meat imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) were the key importers of sheep and goat meat, together making up X% of total imports. The United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Barbados, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sheep and goat meat import price in Barbados amounted to $X per ton, increasing by X% against the previous year. Overall, the import price indicated a buoyant expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sheep and goat meat import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, the import prices for sheep and goat meat reached their peak figure in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform