Bermuda: Pork Market 2020

Pork Market Size in Bermuda

The revenue of the pork market in Bermuda amounted to $X in 2018, falling by -X% against the previous year. In general, pork consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the pork market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Pork Production in Bermuda

In value terms, pork production stood at $X in 2018 estimated in export prices. In general, pork production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, pork production reached its peak level of $X. From 2014 to 2018, pork production growth failed to regain its momentum.

Pork Exports

Exports from Bermuda

In 2018, the amount of pork exported from Bermuda stood at X tons, surging by X% against the previous year. Overall, pork exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, pork exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, pork exports totaled $X in 2018. Over the period under review, pork exports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Bermuda exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the U.S. (X tons), Germany (X tons), Spain (X tons), Denmark (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), Poland (X tons) and France (X tons) were the largest exporters of pork in the world, mixing 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 Bermuda, while the other leaders experienced more modest paces of growth.

In value terms, the largest pork markets from Bermuda were the U.S. ($X), Germany ($X) and Spain ($X), together accounting for X% of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Bermuda, which together accounted for a further X terms of the main exporting countries, Bermuda experienced 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 pork export price in Bermuda stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the pork export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% year-to-year. In that year, the export prices for pork reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for pork failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Brazil ($X per ton), while Belgium ($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.

Pork Imports

Imports into Bermuda

Pork imports into Bermuda stood at X tons in 2018, jumping by X% against the previous year. In general, pork imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, pork imports reached their maximum at X tons in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, pork imports amounted to $X in 2018. Over the period under review, pork imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, pork imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons), Italy (X tons), Germany (X tons), Mexico (X tons) and Poland (X tons) represented roughly X% of total imports of pork in 2018. South Korea (X tons), the UK (X tons), the U.S. (X tons), China, Hong Kong SAR (X tons), Russia (X tons) and France (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 China, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported pork into Bermuda, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Japan, pork imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

The pork import price in Bermuda stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the import price indicated a measured increase from 2007 to 2018: its price 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, pork import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. In that year, the import prices for pork reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the import prices for pork remained at a lower figure.

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

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

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Source: IndexBox Platform