Belize: Meat Market 2020

Meat Market Size in Belize

The revenue of the meat market in Belize amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Belize meat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Meat Production in Belize

In value terms, meat production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Belize meat production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

In 2018, the average meat yield in Belize totaled X kg per head, therefore, remained relatively stable against the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, the number of animals slaughtered for meat production in Belize totaled X head, stabilizing 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 Belize

In 2018, the exports of meat from Belize amounted to X tons, lowering by -X% against the previous year. Overall, meat exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2011 with a decrease of -X% against the previous year. Over the period under review, meat exports reached their maximum 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. Overall, meat exports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, meat exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

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) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Belize lagged somewhat behind, together accounting for a further X the main exporting countries, India recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Belize stood at $X per ton in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Belize export price peaked in 2018 and is expected to retain its growth in the near future.

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 Belize

Meat imports into Belize stood at X tons in 2018, growing by X% against the previous year. Over the period under review, meat imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Belize imports peaked at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, meat imports stood at $X in 2018. Over the period under review, meat imports, however, continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. In that year, meat imports attained their peak of $X. From 2012 to 2018, the growth of meat imports remained at a somewhat lower figure.

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 Belize were Japan ($X), the U.S. ($X) and China ($X), together comprising X% of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Belize, which together accounted for a further X Nam recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Belize stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the meat import price continues to indicate a deep descent. The growth pace was the most rapid in 2009 an increase of X% year-to-year. In that year, the import prices for meat reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for meat remained at a somewhat lower figure.

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