Bahamas: Milk Market 2020

Milk Market Size in Bahamas

The revenue of the milk market in Bahamas amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the milk market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Milk Production in Bahamas

In value terms, milk production totaled $X in 2018 estimated in export prices. Overall, the total output indicated conspicuous growth 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, milk production increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, milk production attained its peak level of $X. From 2014 to 2018, milk production growth failed to regain its momentum.

Average yield of milk in Bahamas amounted to X kg per head in 2018, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Milk yield peaked at X kg per head in 2013; however, from 2014 to 2018, yield stood at a somewhat lower figure.

The number of animals for milk production in Bahamas totaled X heads in 2018, flattening at the previous year. In general, the number of animals for milk production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. In that year, this number attained its peak level of X heads. From 2015 to 2018, the growth of this number failed to regain its momentum.

Milk Exports

Exports from Bahamas

In 2018, the amount of milk exported from Bahamas stood at X kg, dropping by -X% against the previous year. Overall, milk exports continue to indicate a dramatic reduction. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. In that year, milk exports attained their peak of X tons. From 2010 to 2018, the growth of milk exports failed to regain its momentum.

In value terms, milk exports totaled $X in 2018. Over the period under review, milk exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Milk Imports

Imports into Bahamas

In 2018, the imports of milk into Bahamas stood at X tons, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, milk imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, milk imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

Source: IndexBox Platform