Milk Market Overview in Bahamas
In value terms, milk production contracted to $ in estimated in export prices. In general, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by +% against 2018 indices. The growth pace was the most rapid in 2009 when the production volume increased by % y-o-y. Milk production peaked at $ in 2017; however, from 2018 to , production failed to regain the momentum.
In , the average milk yield in Bahamas amounted to kg per head, approximately reflecting the year before. Over the period under review, the yield showed a relatively flat trend pattern.
In , number of number of animals for milk production in Bahamas totaled head, approximately equating 2019 figures. Overall, the number of producing animals showed a relatively flat trend pattern.
The revenue of the milk market in Bahamas expanded markedly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.
From 2007 to 2018, the average annual growth rate of the volume of consumption of whole fresh milk totaled +%.
In value terms, whole fresh milk ($) led the market, alone. The second position in the ranking was occupied by skim milk ($).
From 2007 to 2018, the average annual growth rate of the market volume of whole fresh milk totaled +%.