Bermuda: Tomato Market 2020

Tomato Market Size in Bermuda

The revenue of the tomato market in Bermuda amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, tomato consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Bermuda tomato consumption peaked in 2018 and is likely to continue its growth in the near future.

Tomato Production in Bermuda

In value terms, tomato production totaled $X in 2018 estimated in export prices. Over the period under review, tomato production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, tomato production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Average yield of tomatoes in Bermuda stood at X ton per ha in 2018, remaining relatively unchanged against the previous year. In general, the tomato yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when yield increased by X% y-o-y. In that year, the tomato yield attained its peak level of X ton per ha. From 2013 to 2018, the growth of the tomato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of tomatoes production in Bermuda totaled X ha, stabilizing at the previous year. Over the period under review, the tomato harvested area continues to indicate a relatively flat trend pattern. The global tomato harvested area peaked at X ha in 2007; afterwards, it flattened through to 2018.

Tomato Exports

Exports from Bermuda

In 2018, the amount of tomatoes exported from Bermuda amounted to X kg, jumping by X% against the previous year. In general, the total exports indicated resilient growth from 2007 to 2018: its volume 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, tomato exports increased by +X% against 2007 indices. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, tomato exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, tomato exports amounted to $X in 2018. Over the period under review, tomato exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Bermuda exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, Mexico (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Morocco (X tons) and Turkey (X tons) were the key exporters of tomatoes, together creating X% of total exports. China (X tons), France (X tons), Canada (X tons), Belgium (X tons), the U.S. (X tons), Jordan (X tons) and Azerbaijan (X tons) took a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Azerbaijan, while the other leaders experienced more modest paces of growth.

In value terms, the largest tomato markets from Bermuda were Mexico ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total exports. Morocco, Canada, France, Turkey, the U.S., Belgium, China, Azerbaijan, Jordan and Bermuda lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to 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

The tomato export price in Bermuda stood at $X per ton in 2018, growing by X% against the previous year. In general, the tomato export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Bermuda export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Jordan ($X per ton) was amongst the lowest.

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

Tomato Imports

Imports into Bermuda

In 2018, approx. X tons of tomatoes were imported into Bermuda; dropping by -X% against the previous year. In general, tomato imports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, tomato imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, tomato imports stood at $X in 2018. Overall, tomato imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, tomato imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the key importer of tomatoes in the world, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2018. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Russia (X%), France (X%) and the UK (X%). The following importers - the Netherlands (X tons), Canada (X tons), Spain (X tons), Belarus (X tons), Pakistan (X tons), Poland (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to tomato imports into the U.S. stood at +X%. At the same time, Pakistan (+X%), Belarus (+X%), Poland (+X%), Spain (+X%), the Netherlands (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany, Russia, France and the UK experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Pakistan (+X p.p.) and Belarus (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tomato importing markets into Bermuda were the U.S. ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by France, Russia, Canada, the Netherlands, Poland, Spain, Saudi Arabia, Pakistan, Belarus and Bermuda, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the tomato import price in Bermuda amounted to $X per ton, rising by X% against the previous year. In general, the tomato import price, however, continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by X% y-o-y. Over the period under review, the import prices for tomatoes attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform