Jamaica: Beef Market 2020

Beef Market Size in Jamaica

The revenue of the beef market in Jamaica amounted to $X in 2018, leveling off at the previous year. Over the period under review, beef consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. In that year, the beef market attained its peak level of $X. From 2009 to 2018, the growth of the beef market remained at a somewhat lower figure.

Beef Production in Jamaica

In value terms, beef production stood at $X in 2018 estimated in export prices. In general, beef production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. In that year, beef production reached its peak level of $X. From 2009 to 2018, beef production growth remained at a lower figure.

Beef Exports

Exports from Jamaica

Beef exports from Jamaica stood at X tons in 2018, going up by X% against the previous year. Over the period under review, beef exports, however, continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Jamaica exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, beef exports stood at $X in 2018. Overall, beef exports, however, continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Jamaica exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons) represented the key exporters of beef (cattle meat) in the world, generating X% of total export. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports. New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) held 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets from Jamaica were the U.S. ($X), Australia ($X) and Brazil ($X), together comprising X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Jamaica, 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 Jamaica stood at $X per ton in 2018, jumping by X% against the previous year. In general, the beef export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. In that year, the export prices for beef (cattle meat) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for beef (cattle meat) 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 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 Jamaica

In 2018, the beef imports into Jamaica amounted to X tons, waning by -X% against the previous year. In general, beef imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. In that year, beef imports reached their peak of X tons. From 2012 to 2018, the growth of beef imports remained at a somewhat lower figure.

In value terms, beef 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 in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Jamaica imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

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 Jamaica 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 Jamaica lagged somewhat behind, together accounting for a further X Nam experienced the highest rates of growth with regard to 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 beef import price in Jamaica amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price indicated a strong 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 pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, the import prices for beef (cattle meat) reached their maximum at $X per ton in 2013; however, from 2014 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