Jamaica: Goat Meat Market Overview 2020

Goat Meat Market Size in Jamaica

The revenue of the goat meat market in Jamaica amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, goat meat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the goat meat market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Goat Meat Production in Jamaica

In value terms, goat meat production totaled $X in 2018 estimated in export prices. In general, goat meat production continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Jamaica goat meat production peaked in 2018 and is likely to see steady growth in the near future.

Goat Meat Exports

Exports by Country

In 2018, Australia (X tonnes) represented the main exporter of goat meat, achieving X% of total exports. Ethiopia (X tonnes) held the second position in the ranking, followed by Kenya (X tonnes) and China (X tonnes). All these countries together took approx. X% share of total exports. Spain (X tonnes), France (X tonnes), Tanzania (X tonnes), Sudan (X tonnes), Pakistan (X tonnes), Greece (X tonnes) and New Zealand (X tonnes) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to goat meat exports from Australia stood at +X%. At the same time, Spain (+X%), Sudan (+X%), Kenya (+X%), Greece (+X%), Ethiopia (+X%), New Zealand (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia, Ethiopia, Kenya, Spain and Sudan increased by +X%, +X%, +X%, +X% and +X% percentage points, while Pakistan (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Jamaica, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Australia, goat meat exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the goat meat export price in Jamaica amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the goat meat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for goat meat attained their maximum at $X per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per tonne), while Tanzania ($X per tonne) was amongst the lowest.

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

Goat Meat Imports

Imports into Jamaica

In 2018, approx. X tonnes of goat meat were imported into Jamaica; lowering by -X% against the previous year. Over the period under review, goat meat imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, goat meat imports reached their peak figure at X tonnes in 2009; however, from 2010 to 2018, imports remained at a lower figure.

In value terms, goat meat imports stood at $X in 2018. Over the period under review, goat meat imports continue to indicate a deep decrease. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Jamaica imports peaked at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. represented the main importer of goat meat in the world, with the volume of imports reaching X tonnes, which was near X% of total imports in 2018. It was distantly followed by the United Arab Emirates (X tonnes), Oman (X tonnes), Taiwan, Chinese (X tonnes) and Canada (X tonnes), together constituting a X% share of total imports. Portugal (X tonnes), South Korea (X tonnes), Saudi Arabia (X tonnes), China, Hong Kong SAR (X tonnes), Viet Nam (X tonnes), Trinidad and Tobago (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Viet Nam (+X%), Portugal (+X%), Canada (+X%), the United Arab Emirates (+X%), Oman (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China, Hong Kong SAR, Taiwan, Chinese and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), the United Arab Emirates (+X p.p.), South Korea (+X p.p.), Canada (+X p.p.), Portugal (+X p.p.), Oman (+X p.p.) and Viet Nam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Jamaica, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., goat meat imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the goat meat import price in Jamaica amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the import price indicated a remarkable expansion 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, goat meat import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Jamaica import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while Viet Nam ($X per tonne) 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.

Source: IndexBox AI Platform