Meat And Poultry Market Overview in Antigua and Barbuda
In value terms, meat and poultry production reduced to $ in 2019 estimated in export prices. Over the period under review, production saw a abrupt shrinkage. The growth pace was the most rapid in 2008 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The average yield of meat and poultry in Antigua and Barbuda totaled kg per heads in 2019, picking up by % against 2018 figures. In general, the yield enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. As a result, the yield reached the peak level of kg per heads. From 2014 to 2019, the growth of the average meat and poultry yield failed to regain the momentum.
In 2019, number of animals slaughtered for meat and poultry production in Antigua and Barbuda shrank to heads, which is down by -% against 2018. Overall, the number of producing animals showed a deep setback. The growth pace was the most rapid in 2014 when the number of producing animals increased by % against the previous year. The number of animals slaughtered for meat and poultry production peaked at heads in 2007; however, from 2008 to 2019, producing animals remained at a lower figure.
The size of the meat and poultry market in Antigua and Barbuda rose remarkably to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in the near future.
From 2007 to 2011, the average annual growth rate of the volume of consumption of chicken meat totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: beef (cattle meat) (-% per year) and pork (-% per year).
In value terms, chicken meat ($) led the market, alone. The second position in the ranking was occupied by beef (cattle meat) ($). It was followed by pork.
From 2007 to 2011, the average annual rate of growth in terms of the market volume of chicken meat totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: beef (cattle meat) (-% per year) and pork (+% per year).