Pulses Market Overview in Bahamas
In value terms, pulses production soared to $ in 2019 estimated in export prices. Overall, the total production indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by % year-to-year. Pulses production peaked at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The average yield of pulses in Bahamas stood at tonnes per ha in 2019, with an increase of % against the year before. In general, the yield indicated a resilient increase from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pulses yield increased by +% against 2013 indices. The pace of growth appeared the most rapid in 2010 when the yield increased by % year-to-year. Over the period under review, the average pulses yield attained the maximum level in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of pulses were harvested in Bahamas; with a decrease of -% on 2018. Over the period under review, the harvested area showed a noticeable setback. The pace of growth was the most pronounced in 2013 when the harvested area increased by % year-to-year. The pulses harvested area peaked at ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.
The size of the pulses market in Bahamas reached $ in 2019, picking up 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). In general, consumption, however, showed a abrupt setback. The growth pace was the most rapid in 2008 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.
From 2007 to 2018, the average annual rate of growth in terms of the volume of consumption of pulses, nes totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: beans (dry) (-% per year) and peas (dry) (-% per year).
In value terms, the most traded types of pulses in Bahamas were pulses, nes ($), beans (dry) ($) and peas (dry) ($), together accounting for % of the total market. These products were followed by lentils, chick peas and broad beans and horse beans (dry), which together accounted for a further %.
Chick peas saw the highest growth rate of market size, in terms of the main consumed products over the period under review, while pulses market for the other products experienced more modest paces of growth.