Earlier Report Observations
The market for lard and poultry fats in Jamaica, entirely supplied by domestic production, underwent a notable contraction and subsequent expansion between 2018 and 2023. Starting at 3 584 tons in 2018, market volume declined over two years to a low of 2 478 tons in 2020, representing a drop of approximately 31%. This was followed by a sustained recovery phase.
The rebound began in 2021 with output reaching 2 904 tons, and growth continued through 2022 and 2023. The most significant annual increase occurred in 2023, when production surged by 22.9% to 3 704 tons, ultimately surpassing the 2018 starting level. The period concluded with the market showing a strong upward trajectory.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Jamaica
- 5.1.1. Annual dynamics of production in Jamaica in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Jamaica in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Jamaica
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production lard and poultry fats in Jamaica
In kind, 2017-2020, t
Top producers of lard and poultry fats, 2017-2020
World map of production of lard and poultry fats, 2017-2020
Jamaica's production of lard and poultry fats has declined for the second year in a row. In 2020, the country produced 2 478 tonnes, marking a significant year-on-year decrease of 26.9%. Looking at the period from 2017 to 2020, production fell by 29.6%, which translates to an average annual decline of 11.0%. The highest production level was recorded in 2018 at 3 584 tonnes, with the largest increase that year being 1.8%.
Annual dynamics of production in Jamaica in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.8% | (5.4%) | (26.9%) | (11.0%) |
Exports lard and poultry fats from Jamaica
Market research indicates that Jamaica did not export any lard and poultry fats between 2017 and 2020.
Imports lard and poultry fats to Jamaica
Imports in kind, kg
The market showed notable fluctuations during this period. The lowest import volume was recorded in 2019 at 95.0 kg, while the highest was in 2020 at 216.0 kg, representing a 2.3-fold difference between these years. In 2020, imports surged by 127.4% compared to the previous year. The largest decline occurred in 2019, with a drop of 5.0%.
Annual dynamics of product's imports to Jamaica in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | - | (5.0%) | 127.4% | 29.3% |
From 2017 to 2020, Jamaica's imports of lard and poultry fats were entirely dependent on Belgium, which accounted for 100.0% of total imports in volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Jamaica in kind, 2017-2020
Imports in value, $ US
The market exhibited volatility during these years. The lowest import value was recorded in 2019 at 7 259 US dollars, while the highest was in 2020 at 14 632 US dollars, showing a twofold difference. In 2020, import value increased dramatically by 101.6% compared to the previous year. The largest decline was in 2019, with a decrease of 5.9%.
Annual dynamics of product's imports to Jamaica in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (1.0%) | (5.9%) | 101.6% | 23.3% |
Between 2017 and 2020, Belgium was the nearly exclusive supplier of lard and poultry fats to Jamaica, representing 100.0% of total imports in value terms.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Jamaica in value, 2017-2020
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