Bermuda: Meat And Poultry Market 2020

Meat And Poultry Market Size in Bermuda

The revenue of the meat and poultry market in Bermuda amounted to $X in 2018, jumping by X% against the previous year. Overall, meat and poultry consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, the meat and poultry market reached its peak level and is likely to continue its growth in the immediate term.

Meat And Poultry Production in Bermuda

In value terms, meat and poultry production totaled $X in 2018 estimated in export prices. Overall, meat and poultry production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, meat and poultry production reached its peak level of $X. From 2014 to 2018, meat and poultry production growth remained at a somewhat lower figure.

Average yield of meat and poultry in Bermuda amounted to X kg per head in 2018, remaining constant against the previous year. In general, the meat and poultry yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for meat and poultry production in Bermuda stood at X head in 2018, approximately reflecting the previous year. Overall, the number of animals slaughtered for meat and poultry production continues to indicate a relatively flat trend pattern.

Meat And Poultry Exports

Exports from Bermuda

In 2018, the amount of meat and poultry exported from Bermuda stood at X tons, increasing by X% against the previous year. Over the period under review, meat and poultry exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, meat and poultry exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, meat and poultry exports amounted to $X in 2018. Overall, meat and poultry exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, meat and poultry exports attained their maximum in 2018 and are likely to see steady growth in the near future.

Exports by Country

The U.S. (X tons) and Brazil (X tons) represented roughly X% of total exports of meat and poultry in 2018. The Netherlands (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%), Poland (X%) and Spain (X%). Australia (X tons), Belgium (X tons), Denmark (X tons), Canada (X tons), India (X tons) and France (X tons) held a minor 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 Bermuda, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Brazil ($X) and Australia ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. The Netherlands, Germany, Poland, Spain, Canada, India, Belgium, Denmark, France and Bermuda lagged somewhat behind, together accounting for a further X terms of the main exporting countries, India experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the meat and poultry export price in Bermuda amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the meat and poultry export price continues to indicate a drastic decrease. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. In that year, the export prices for meat and poultry reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the export prices for meat and poultry remained at a somewhat lower figure.

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

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

Meat And Poultry Imports

Imports into Bermuda

In 2018, approx. X tons of meat and poultry were imported into Bermuda; picking up by X% against the previous year. In general, meat and poultry imports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Bermuda imports peaked at X tons in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports totaled $X in 2018. Over the period under review, meat and poultry imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, meat and poultry imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons), Germany (X tons), Mexico (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Italy (X tons), Vietnam (X tons), the UK (X tons), the Netherlands (X tons), France (X tons) and South Korea (X tons) represented roughly X% of total imports of meat and poultry in 2018.

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

In value terms, Japan ($X), the U.S. ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Germany, South Korea, Italy, China, Hong Kong SAR, the UK, France, the Netherlands, Mexico, Vietnam and Bermuda lagged somewhat behind, together accounting for a further X Nam recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the meat and poultry import price in Bermuda amounted to $X per ton, approximately reflecting the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. In that year, the import prices for meat and poultry reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for meat and poultry 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 the U.S. ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform