Prepared or preserved pork and offal market in Barbados

Earlier Report Observations

The market for prepared or preserved pork and offal in Barbados expanded from 298.6 tonnes in 2018 to 356.7 tonnes by 2020. This growth occurred against a backdrop of rising global pork production and trade, which supported import availability.

A notable contraction to 313.9 tonnes followed in 2021. This decline aligned with worldwide supply chain disruptions and heightened input costs for energy and animal feed during the COVID-19 pandemic, which constrained market volumes.

Subsequent recovery saw the market reach 375.2 tonnes by 2023. This resurgence was facilitated by a rebound in global pork output, though the market also contended with elevated pork prices that pressured consumer purchasing power.

Production prepared or preserved pork and offal in Barbados

In kind, 2017-2020, t

Top producers of prepared or preserved pork and offal, 2017-2020

World map of production of prepared or preserved pork and offal, 2017-2020

Barbados has seen production of prepared or preserved pork and offal rise for the third year in a row. In 2020, the country produced 357.5 tonnes, marking a significant 14.5% year-on-year increase. Looking at the period from 2017 to 2020, production grew by 28.9%, which translates to an average annual growth rate of 8.8%.

Annual dynamics of production in Barbados in kind, 2017-2020, t

In value, 2017-2020, K $ US

For the third consecutive year, the value of prepared or preserved pork and offal production in Barbados has increased. In 2020, output was valued at 2 734 thousand US dollars, up 23.4% from the previous year. Between 2017 and 2020, production value rose by 52.1%, with a compound annual growth rate of 15.0%.

Annual dynamics of production in Barbados in value, 2017-2020, K $ US

Exports prepared or preserved pork and offal from Barbados

Exports in kind, kg

After two years of growth, Barbados experienced a decline in exported volumes of prepared or preserved pork and offal. In 2020, exports totaled 50 194 kilograms, a modest 5.6% decrease year-on-year. From 2017 to 2020, exports overall increased by 9.4%, averaging 3.0% per year. The peak volume was recorded in 2019 at 53 195 kilograms, with the largest annual increase of 8.1% also occurring that year.

Annual dynamics of product's exports from Barbados in kind, 2017-2020, kg

Between 2017 and 2020, Saint Vincent and the Grenadines and Saint Lucia together accounted for 89.6% of Barbados's total exports of prepared or preserved pork and offal by volume, with the remaining share distributed among smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Barbados in kind, 2017-2020

Exports in value, K $ US

Barbados has seen the value of its prepared or preserved pork and offal exports rise for the third year in a row. In 2020, exports reached 383.8 thousand US dollars, a 1.7% increase compared to 2019. Over the 2017-2020 period, export value grew by 29.1%, equating to an average annual rate of 8.9%.

Annual dynamics of product's exports from Barbados in value, 2017-2020, K $ US

From 2017 to 2020, Saint Vincent and the Grenadines and Saint Lucia were the key destinations for Barbados's prepared or preserved pork and offal exports in value terms, jointly representing 93.2% of total flows, while other partners made up the remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Barbados in value, 2017-2020

Imports prepared or preserved pork and offal to Barbados

Imports in kind, kg

Following two years of growth, Barbados saw a drop in imports of prepared or preserved pork and offal. In 2020, imports amounted to 49 432 kilograms, a sharp 37.3% decline from 2019. Over the 2017-2020 span, imports increased by 20.7%, averaging 6.5% annually. The highest volume was in 2019 at 78 878 kilograms, with the largest annual increase of 51.4% also recorded that year.

Annual dynamics of product's imports to Barbados in kind, 2017-2020, kg

During 2017-2020, the United States was the dominant source for Barbados's imports of prepared or preserved pork and offal by volume, holding a 79.7% share of total flows, while the rest was spread across other partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Barbados in kind, 2017-2020

Imports in value, K $ US

After two years of growth, Barbados experienced a decline in the value of its prepared or preserved pork and offal imports. In 2020, imports were approximately 288.0 thousand US dollars, a dramatic 38.7% decrease from the previous year. From 2017 to 2020, import value fell by 5.5%, with a compound annual growth rate of -1.9%. The peak value was in 2019 at 469.8 thousand US dollars, with the largest annual increase of 34.6% also occurring that year.

Annual dynamics of product's imports to Barbados in value, 2017-2020, K $ US

From 2017 to 2020, the United States remained the leading supplier of prepared or preserved pork and offal to Barbados in value terms, accounting for 87.3% of total imports, with the rest distributed among various other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Barbados in value, 2017-2020