Jamaica: Meat Market 2020

Meat Market Size in Jamaica

The revenue of the meat market in Jamaica amounted to $X in 2018, surging by X% against the previous year. Overall, meat consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the meat market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Meat Production in Jamaica

In value terms, meat production stood at $X in 2018 estimated in export prices. Overall, meat production continues to indicate strong growth. The pace of growth appeared the most rapid in 2008 when production volume increased by X% y-o-y. In that year, meat production attained its peak level of $X. From 2009 to 2018, meat production growth remained at a somewhat lower figure.

In 2018, the average yield of meat in Jamaica totaled X kg per head, remaining constant against the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Jamaica amounted to X head, flattening at the previous year. In general, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Jamaica

In 2018, approx. X tons of meat were exported from Jamaica; increasing by X% against the previous year. Over the period under review, meat exports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Jamaica exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, meat exports amounted to $X in 2018. Over the period under review, meat exports, however, continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, meat exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, represented more than two-thirds 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Jamaica lagged somewhat behind, together comprising a further X the main exporting countries, India experienced 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 meat export price in Jamaica amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price indicated modest 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, meat export price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Jamaica export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat 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 Jamaica

Meat imports into Jamaica totaled X tons in 2018, increasing by X% against the previous year. In general, meat imports, however, continue to indicate a moderate reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, meat imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, meat imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Jamaica imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

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 roughly X% of total imports of meat 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) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Jamaica lagged somewhat behind, together comprising a further X terms of 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 meat import price in Jamaica amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, meat import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Jamaica import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; 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