Saint Kitts and Nevis: Pork Market 2020

Pork Market Size in Saint Kitts and Nevis

The revenue of the pork market in Saint Kitts and Nevis amounted to $X in 2018, approximately reflecting the previous year. Over the period under review, pork consumption, however, continues to indicate temperate growth. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. In that year, the pork market reached its peak level of $X. From 2009 to 2018, the growth of the pork market remained at a somewhat lower figure.

Pork Production in Saint Kitts and Nevis

In value terms, pork production stood at $X in 2018 estimated in export prices. Overall, pork production continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, pork production attained its peak level of $X. From 2009 to 2018, pork production growth failed to regain its momentum.

Pork Exports

Exports from Saint Kitts and Nevis

In 2018, the amount of pork exported from Saint Kitts and Nevis amounted to X tons, growing by X% against the previous year. Over the period under review, pork exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, pork exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, pork exports stood at $X in 2018. In general, pork exports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, pork exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The U.S. (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), Poland (X tons) and France (X tons) represented roughly X% of total exports of pork in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Saint Kitts and Nevis, while the other leaders experienced more modest paces of growth.

In value terms, the largest pork markets from Saint Kitts and Nevis were the U.S. ($X), Germany ($X) and Spain ($X), together accounting for X% of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Saint Kitts and Nevis, which together accounted for a further X terms of the main exporting countries, Saint Kitts and Nevis recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pork export price in Saint Kitts and Nevis amounted to $X per ton, standing approx. at the previous year. Over the period under review, the pork export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the export prices for pork reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for pork remained 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 Brazil ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Pork Imports

Imports into Saint Kitts and Nevis

In 2018, the amount of pork imported into Saint Kitts and Nevis totaled X tons, approximately mirroring the previous year. Over the period under review, the total imports indicated a remarkable expansion from 2007 to 2018: its volume 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, pork imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Saint Kitts and Nevis imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pork imports totaled $X in 2018. Overall, the total imports indicated a prominent increase from 2007 to 2018: its value 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, pork imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, pork imports reached their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

The imports of the six major importers of pork, namely China, Japan, Italy, Germany, Mexico and Poland, represented more than third of total import. The following importers - South Korea (X tons), the UK (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Russia (X tons) and France (X tons) - together made up X% of total imports.

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

In value terms, Japan ($X) constitutes the largest market for imported pork into Saint Kitts and Nevis, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Japan, pork imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

The pork import price in Saint Kitts and Nevis stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the pork import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, the import prices for pork attained their peak figure at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while Mexico ($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