Jamaica: Pork Market 2020

Pork Market Size in Jamaica

The revenue of the pork market in Jamaica amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, the total market indicated a modest expansion 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, pork consumption decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2012 when the market value increased by X% year-to-year. Jamaica pork consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Pork Production in Jamaica

In value terms, pork production amounted to $X in 2018 estimated in export prices. In general, pork production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when production volume increased by X% year-to-year. Over the period under review, pork production reached its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Pork Exports

Exports from Jamaica

In 2018, the amount of pork exported from Jamaica stood at X tons, rising by X% against the previous year. Overall, pork exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, pork exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pork exports stood at $X in 2018. Over the period under review, pork exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Jamaica exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

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) represented roughly X% of total exports of pork in 2018.

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

In value terms, the U.S. ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Denmark, Canada, the Netherlands, Brazil, Belgium, Poland, France and Jamaica, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pork export price in Jamaica amounted to $X per ton, dropping by -X% against the previous year. Overall, the pork export price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for pork attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

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 Jamaica

In 2018, the imports of pork into Jamaica totaled X tons, rising by X% against the previous year. In general, pork imports continue to indicate a notable expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Jamaica imports peaked at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, pork imports totaled $X in 2018. Overall, pork imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, pork imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

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. The following importers - 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) - together made up X% of total imports.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Japan amounted to +X%. 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

In 2018, the pork import price in Jamaica amounted to $X per ton, lowering by -X% against the previous year. In general, the pork import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. In that year, the import prices for pork attained their peak level of $X per ton. From 2009 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