Grenada: Beef Market 2020

Beef Market Size in Grenada

The revenue of the beef market in Grenada amounted to $X in 2018, declining by -X% against the previous year. Overall, beef consumption continues to indicate a temperate reduction. The pace of growth was the most pronounced in 2015 when the market value increased by X% year-to-year. In that year, the beef market attained its peak level of $X. From 2016 to 2018, the growth of the beef market remained at a lower figure.

Beef Production in Grenada

In value terms, beef production totaled $X in 2018 estimated in export prices. In general, beef production continues to indicate mild growth. The growth pace was the most rapid in 2015 when production volume increased by X% y-o-y. In that year, beef production attained its peak level of $X. From 2016 to 2018, beef production growth remained at a somewhat lower figure.

Beef Exports

Exports from Grenada

In 2018, the amount of beef (cattle meat) exported from Grenada totaled X kg, going down by -X% against the previous year. Overall, beef exports, however, continue to indicate outstanding growth. Over the period under review, beef exports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, beef exports amounted to $X in 2018. In general, beef exports, however, continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, beef exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

The exports of the four major exporters of beef (cattle meat), namely Brazil, India, Australia and the U.S., represented more than third of total export. It was distantly followed by the Netherlands (X tons), creating a X% share of total exports. The following exporters - New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) - together made up X% 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets from Grenada were the U.S. ($X), Australia ($X) and Brazil ($X), together accounting for X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany and Uruguay, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The beef export price in Grenada stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the beef export price, however, continues to indicate a strong increase. Over the period under review, the export prices for beef (cattle meat) reached their peak figure at $X per ton in 2015; however, from 2016 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 U.S. ($X per ton), while India ($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.

Beef Imports

Imports into Grenada

In 2018, approx. X tons of beef (cattle meat) were imported into Grenada; shrinking by -X% against the previous year. Overall, beef imports continue to indicate a deep slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Grenada imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, beef imports amounted to $X in 2018. Over the period under review, beef imports continue to indicate a temperate increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, beef imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

The imports of the twelve major importers of beef (cattle meat), namely the U.S., Vietnam, China, Japan, South Korea, China, Hong Kong SAR, the Netherlands, Italy, Germany, Russia, the UK and France, represented more than half 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 beef importing markets into Grenada were the U.S. ($X), Japan ($X) and China ($X), with a combined X% share of total imports. South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Grenada lagged somewhat behind, together comprising a further X the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the beef import price in Grenada amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price indicated prominent 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, beef 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 beef (cattle meat) reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform