Antigua and Barbuda: Meat Market Overview 2020

Meat Market Size in Antigua and Barbuda

The revenue of the meat market in Antigua and Barbuda amounted to $X in 2018, reducing by -X% against the previous year. Overall, meat consumption, however, continues to indicate a significant reduction. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. Over the period under review, the meat market attained its peak figure level at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Meat Production in Antigua and Barbuda

In value terms, meat production stood at $X in 2018 estimated in export prices. Overall, meat production continues to indicate a deep descent. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, meat production reached its peak level of $X. From 2009 to 2018, meat production growth remained at a somewhat lower figure.

In 2018, the average meat yield in Antigua and Barbuda amounted to X kg per head, approximately equating the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, approx. X head of animals slaughtered for meat production in Antigua and Barbuda; standing approx. 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 Antigua and Barbuda

In 2018, the amount of meat exported from Antigua and Barbuda stood at X tonnes, waning by -X% against the previous year. Over the period under review, meat exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, meat exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, meat exports stood at $X in 2018. Overall, meat exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, meat exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Meat Imports

Imports into Antigua and Barbuda

In 2018, the imports of meat into Antigua and Barbuda amounted to X tonnes, dropping by -X% against the previous year. The total import volume 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 2017 when imports increased by X% against the previous year. In that year, meat imports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, meat imports amounted to $X in 2018. Overall, the total imports indicated a tangible increase from 2007 to 2018: its value 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 imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Source: IndexBox Platform