Fruit Market Overview in Bahamas
In value terms, fruit production contracted to $ in 2019 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by % year-to-year. As a result, production attained the peak level of $. From 2018 to 2019, production growth failed to regain the momentum.
In 2019, the average fruit yield in Bahamas fell modestly to tonnes per ha, approximately equating the year before. In general, the yield continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Over the period under review, the average fruit yield attained the peak level at tonnes per ha in 2007; however, from 2008 to 2019, the yield stood 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.
The fruit harvested area in Bahamas reached ha in 2019, surging by % on 2018 figures. The harvested area increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the harvested area increased by % year-to-year. The fruit harvested area peaked in 2019 and is likely to continue growth in the immediate term.
The revenue of the fruit market in Bahamas contracted to $ in 2019, dropping 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). Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Fruit consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2012, the biggest increases were in grape, while fruit consumption for the other products experienced more modest paces of growth.
In value terms, grapefruits ($) led the market, alone. The second position in the ranking was occupied by bananas ($). It was followed by lemons and limes.
From 2007 to 2012, the average annual growth rate of the market volume of grapefruits totaled -%. With regard to the other consumed products, the following average annual rates of growth were recorded: bananas (+% per year) and lemons and limes (-% per year).