Bahamas: Meat Market 2020

Meat Market Size in Bahamas

The revenue of the meat market in Bahamas amounted to $X in 2018, therefore, remained relatively stable against the previous year. Overall, the total market indicated a resilient expansion 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, meat consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Bahamas meat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Meat Production in Bahamas

In value terms, meat production totaled $X in 2018 estimated in export prices. In general, meat production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. In that year, meat production attained its peak level of $X. From 2011 to 2018, meat production growth remained at a somewhat lower figure.

In 2018, the average yield of meat in Bahamas stood at X kg per head, remaining relatively unchanged against 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 Bahamas; leveling off at the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Bahamas

Meat exports from Bahamas totaled X tons in 2018, growing by X% against the previous year. Overall, meat exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Bahamas exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, meat exports totaled $X in 2018. In general, meat exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. Over the period under review, meat exports attained their peak figure at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, the U.S. (X tons), Germany (X tons), Spain (X tons), Brazil (X tons), Australia (X tons), the Netherlands (X tons), Denmark (X tons), India (X tons), Canada (X tons), Poland (X tons), Belgium (X tons) and New Zealand (X tons) represented the main exporters of meat in the world, making up X% 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 Bahamas, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Bahamas, which together accounted for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Bahamas stood at $X per ton in 2018, dropping by -X% against the previous year. Over the period under review, the meat export price continues to indicate a dramatic drop. The growth pace was the most rapid in 2009 when the export price increased by X% y-o-y. In that year, the export prices for meat reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the export prices for meat remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 Bahamas

In 2018, the meat imports into Bahamas totaled X tons, dropping by -X% against the previous year. The total import volume 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 2016 when imports increased by X% against the previous year. Over the period under review, meat imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, meat imports amounted to $X in 2018. Overall, the total imports indicated a resilient 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, meat imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, meat imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

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, the largest meat importing markets into Bahamas were Japan ($X), the U.S. ($X) and China ($X), together accounting for X% of total imports. Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Bahamas lagged somewhat behind, together accounting for a further X terms of the main importing countries, Vietnam recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Bahamas stood at $X per ton in 2018, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for meat reached their peak figure in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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.

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Source: IndexBox Platform