Bermuda: Cabbage Market Overview 2020

Cabbage Market Size in Bermuda

The revenue of the cabbage market in Bermuda amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a pronounced increase from 2007 to 2018: its value decreased 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, cabbage consumption increased by +X% against 2011 indices. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Bermuda cabbage consumption peaked in 2018 and is expected to retain its growth in the near future.

Cabbage Production in Bermuda

In value terms, cabbage production amounted to $X in 2018 estimated in export prices. In general, the total output indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cabbage production increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 when production volume increased by X% y-o-y. Bermuda cabbage production peaked in 2018 and is likely to continue its growth in the near future.

In 2018, the average yield of cabbage and other brassicas in Bermuda amounted to X tonne per ha, therefore, remained relatively stable against the previous year. In general, the cabbage yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when yield increased by X% y-o-y. Over the period under review, the cabbage yield reached its peak figure level at X tonne per ha in 2013; however, from 2014 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cabbage harvested area in Bermuda totaled X ha in 2018, approximately equating the previous year. Over the period under review, the cabbage harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when harvested area increased by X% year-to-year. In that year, the cabbage harvested area reached its peak level of X ha. From 2011 to 2018, the growth of the cabbage harvested area remained at a somewhat lower figure.

Cabbage Exports

Exports from Bermuda

In 2018, the exports of cabbage and other brassicas from Bermuda totaled X kg, reducing by -X% against the previous year. Over the period under review, cabbage exports continue to indicate a sharp decline. The growth pace was the most rapid in 2010 with a decrease of -X% year-to-year. Over the period under review, cabbage exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, cabbage exports totaled $X in 2018. Overall, cabbage exports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2014 with a decrease of -X% against the previous year. Bermuda exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the key exporter of cabbage and other brassicas in the world, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2018. The U.S. (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (X%) and Mexico (X%). Spain (X tonnes), Canada (X tonnes), Poland (X tonnes), Italy (X tonnes), Germany (X tonnes), Macedonia (X tonnes), Uzbekistan (X tonnes) and Belgium (X tonnes) occupied a minor share of total exports.

China was also the fastest-growing in terms of the cabbage and other brassicas exports, with a CAGR of +X% from 2007 to 2018. At the same time, Macedonia (+X%), Belgium (+X%), Canada (+X%), Mexico (+X%), Spain (+X%), the Netherlands (+X%) and Uzbekistan (+X%) displayed positive paces of growth. The U.S. and Italy experienced a relatively flat trend pattern. By contrast, Germany (-X%) and Poland (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Mexico, the Netherlands, Macedonia and Canada increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cabbage markets from Bermuda were China ($X), the U.S. ($X) and the Netherlands ($X), together accounting for X% of total exports.

China recorded the highest growth rate of exports, in terms of 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 cabbage export price in Bermuda amounted to $X per tonne, remaining stable against the previous year. Overall, the export price indicated a buoyant expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cabbage export price increased by +X% against 2010 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Bermuda export price peaked in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Cabbage Imports

Imports into Bermuda

In 2018, the imports of cabbage and other brassicas into Bermuda totaled X tonnes, growing by X% against the previous year. Over the period under review, cabbage imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Bermuda imports peaked at X tonnes in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, cabbage imports totaled $X in 2018. Over the period under review, cabbage imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Bermuda imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

China, Hong Kong SAR (X tonnes) and the U.S. (X tonnes) represented roughly X% of total imports of cabbage and other brassicas in 2018. Germany (X tonnes) ranks next in terms of the total imports with a X% share, followed by Canada (X%) and Malaysia (X%). The following importers - Russia (X tonnes), Thailand (X tonnes), Viet Nam (X tonnes), the Netherlands (X tonnes), Kazakhstan (X tonnes), Singapore (X tonnes) and the Czech Republic (X tonnes) - 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 Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Canada ($X) and China, Hong Kong SAR ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Germany, Malaysia, the Netherlands, Thailand, Russia, Singapore, the Czech Republic, Viet Nam, Kazakhstan and Bermuda, which together accounted for a further X terms of the main importing countries, Thailand recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cabbage import price in Bermuda stood at $X per tonne in 2018, increasing by X% against the previous year. In general, the cabbage import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the import prices for cabbage and other brassicas attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform