Belize: Milk Market Overview 2020

Milk Market Size in Belize

The revenue of the milk market in Belize amounted to $X in 2018, increasing by X% against the previous year. Overall, the total market indicated buoyant growth 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, milk consumption increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, the milk market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Milk Production in Belize

In value terms, milk production stood at $X in 2018 estimated in export prices. In general, milk production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2009 when production volume increased by X% against the previous year. In that year, milk production reached its peak level of $X. From 2010 to 2018, milk production growth remained at a somewhat lower figure.

In 2018, the average yield of milk in Belize stood at X tonne per head, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% 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 2009 with an increase of X% against the previous year. Milk yield peaked at X tonne per head in 2012; however, from 2013 to 2018, yield stood at a somewhat lower figure.

The number of animals for milk production in Belize amounted to X heads in 2018, surging by X% against the previous year. In general, the total producing animals indicated resilient growth from 2007 to 2018: its figure 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, number of animals for milk production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Number of animals for milk production peaked in 2018 and is likely to see steady growth in the immediate term.

Milk Exports

Exports from Belize

Milk exports from Belize stood at X kg in 2018, reducing by -X% against the previous year. Over the period under review, milk exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, milk exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, milk exports totaled $X in 2018. In general, milk exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, milk exports attained their maximum at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Milk Imports

Imports into Belize

In 2018, the amount of milk imported into Belize amounted to X tonnes, jumping by X% against the previous year. Over the period under review, milk imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, milk imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, milk imports totaled $X in 2018. In general, milk imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, milk imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Source: IndexBox AI Platform