Bermuda: Meat Market 2020

Meat Market Size in Bermuda

The revenue of the meat market in Bermuda amounted to $X in 2018, increasing by X% against the previous year. In general, meat consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, the meat market attained its peak level and is likely to continue its growth in the immediate term.

Meat Production in Bermuda

In value terms, meat production stood at $X in 2018 estimated in export prices. Overall, meat production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. In that year, meat production attained its peak level of $X. From 2014 to 2018, meat production growth remained at a lower figure.

Average yield of meat in Bermuda amounted to X kg per head in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the meat yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for meat production in Bermuda amounted to X head in 2018, remaining constant against the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Bermuda

In 2018, approx. X tons of meat were exported from Bermuda; rising by X% against the previous year. In general, meat exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Bermuda exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, meat exports totaled $X in 2018. Overall, meat exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, meat exports reached their peak of $X. From 2014 to 2018, the growth of meat exports remained at a lower figure.

Exports by Country

In 2018, the U.S. (X tons), Germany (X tons), Spain (X tons), Brazil (X tons), Australia (X tons), the Netherlands (X tons), Denmark (X tons), India (X tons), Canada (X tons), Poland (X tons), Belgium (X tons) and New Zealand (X tons) represented the main exporters of meat in the world, generating X% of total export.

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. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Bermuda lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Bermuda stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the meat export price continues to indicate an abrupt slump. The growth pace was the most rapid in 2016 when the export price increased by X% y-o-y. Bermuda export price peaked at $X per ton in 2012; however, from 2013 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 New Zealand ($X per ton), while Denmark ($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 Imports

Imports into Bermuda

In 2018, the meat imports into Bermuda amounted to X tons, jumping by X% against the previous year. Over the period under review, meat imports, however, continue to indicate a pronounced drop. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, meat imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, meat imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, meat imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, China (X tons), Japan (X tons), the U.S. (X tons), Italy (X tons), Germany (X tons), Mexico (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), the UK (X tons), Poland (X tons) and the Netherlands (X tons) represented the main importers of meat in the world, achieving X% of total import.

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, the largest meat importing markets into Bermuda were Japan ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Bermuda lagged somewhat behind, together comprising a further X Nam experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Bermuda stood at $X per ton in 2018, leveling off at the previous year. In general, the import price indicated a resilient increase 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. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Bermuda import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform