Barbados: Turkey Meat Market 2020

Turkey Meat Market Size in Barbados

The revenue of the turkey meat market in Barbados amounted to $X in 2018, falling by -X% against the previous year. Overall, turkey meat consumption, however, continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, the turkey meat market reached its peak level of $X. From 2011 to 2018, the growth of the turkey meat market remained at a somewhat lower figure.

Turkey Meat Production in Barbados

In value terms, turkey meat production totaled $X in 2018 estimated in export prices. Overall, turkey meat production continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Barbados turkey meat production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Average yield of turkey meat in Barbados stood at X kg per X heads in 2018, increasing by X% against the previous year. In general, the turkey meat yield continues to indicate strong growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the turkey meat yield attained its maximum level at X kg per head in 2013; however, from 2014 to 2018, yield remained at a lower figure.

The number of animals slaughtered for turkey meat production in Barbados stood at X heads in 2018, coming down by -X% against the previous year. Over the period under review, the number of animals slaughtered for turkey meat production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, this number attained its maximum level at X heads in 2007; however, from 2008 to 2018, producing animals remained at a lower figure.

Turkey Meat Exports

Exports from Barbados

In 2018, approx. X tons of turkey meat were exported from Barbados; rising by X% against the previous year. Overall, turkey meat exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, turkey meat exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, turkey meat exports totaled $X in 2018. Overall, turkey meat exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, turkey meat exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, the U.S. (X tons) and Poland (X tons) were the key exporters of turkey meatacross the globe, together accounting for approx. X% of total exports. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by France (X%), Brazil (X%), Italy (X%) and Spain (X%). The UK (X tons), Hungary (X tons), Belgium (X tons), the Netherlands (X tons) and Chile (X tons) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Barbados (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest turkey meat markets from Barbados were Poland ($X), the U.S. ($X) and Germany ($X), together comprising X% of total exports. Italy, France, Brazil, Hungary, Spain, Chile, the Netherlands, the UK, Belgium and Barbados lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Barbados (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the turkey meat export price in Barbados amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the turkey meat export price continues to indicate a drastic downturn. Barbados export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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

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

Turkey Meat Imports

Imports into Barbados

In 2018, approx. X tons of turkey meat were imported into Barbados; declining by -X% against the previous year. Overall, turkey meat imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Barbados imports peaked at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, turkey meat imports amounted to $X in 2018. Overall, turkey meat imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, turkey meat imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

Mexico (X tons) and Germany (X tons) represented roughly X% of total imports of turkey meat in 2018. Saudi Arabia (X tons) held the next position in the ranking, followed by the UK (X tons). All these countries together occupied near X% share of total imports. The following importers - the Netherlands (X tons), Spain (X tons), Benin (X tons), Belgium (X tons), South Africa (X tons), Austria (X tons), France (X tons) and Portugal (X tons) - together made up X% of total imports.

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

In value terms, Germany ($X), Mexico ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Among the main importing countries, Saudi Arabia recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The turkey meat import price in Barbados stood at $X per ton in 2018, picking up by X% against the previous year. In general, the turkey meat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. In that year, the import prices for turkey meat attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for turkey meat remained at a lower figure.

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

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

Source: IndexBox Platform