Belize: Turkey Meat Market 2020

Turkey Meat Market Size in Belize

The revenue of the turkey meat market in Belize amounted to $X in 2018, picking up by X% against the previous year. Overall, turkey meat consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Belize turkey meat consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Turkey Meat Production in Belize

In value terms, turkey meat production amounted to $X in 2018 estimated in export prices. In general, turkey meat production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when production volume increased by X% against the previous year. Belize turkey meat production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Average yield of turkey meat in Belize amounted to X kg per X heads in 2018, remaining constant against the previous year. Over the period under review, the turkey meat yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The global turkey meat yield peaked at X kg per X heads in 2007; however, from 2008 to 2018, yield failed to regain its momentum.

In 2018, the number of animals slaughtered for turkey meat production in Belize stood at X heads, rising by X% against the previous year. In general, the number of animals slaughtered for turkey meat production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by X% y-o-y. Over the period under review, this number reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Turkey Meat Exports

Exports from Belize

In 2018, approx. X tons of turkey meat were exported from Belize; picking up by X% against the previous year. Overall, turkey meat exports continue to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, turkey meat exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, turkey meat exports totaled $X in 2018. The total export value 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 with an increase of X% year-to-year. Over the period under review, turkey meat exports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, the U.S. (X tons) and Poland (X tons) represented the largest exporters of turkey meataround the world, together finishing at near X% of total exports. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by France (X%), Brazil (X%), Italy (X%) and Spain (X%). The UK (X tons), Hungary (X tons), Belgium (X tons), the Netherlands (X tons) and Chile (X tons) followed a long way behind the leaders.

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

In value terms, Poland ($X), the U.S. ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Italy, France, Brazil, Hungary, Spain, Chile, the Netherlands, the UK, Belgium and Belize, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the turkey meat export price in Belize amounted to $X per ton, shrinking by -X% against the previous year. Overall, the turkey meat export price continues to indicate a drastic drop. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Belize export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hungary ($X per ton), while Belgium ($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.

Turkey Meat Imports

Imports into Belize

In 2018, the amount of turkey meat imported into Belize stood at X tons, going up by X% against the previous year. In general, turkey meat imports continue to indicate resilient growth. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. In that year, turkey meat imports attained their peak of X tons. From 2013 to 2018, the growth of turkey meat imports remained at a lower figure.

In value terms, turkey meat imports amounted to $X in 2018. Overall, turkey meat imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, turkey meat imports attained their maximum at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Mexico (X tons) and Germany (X tons) were the key importers of turkey meatacross the globe, together recording near X% of total imports. Saudi Arabia (X tons) took the next position in the ranking, followed by the UK (X tons). All these countries together held approx. X% share of total imports. The Netherlands (X tons), Spain (X tons), Benin (X tons), Belgium (X tons), South Africa (X tons), Austria (X tons), France (X tons) and Portugal (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X), Mexico ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Saudi Arabia recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the turkey meat import price in Belize amounted to $X per ton, waning by -X% against the previous year. Overall, the turkey meat import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when the import price increased by X% y-o-y. In that year, the import prices for turkey meat reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the import prices for turkey meat failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform