Alcoholic beer market in the Bahamas

Earlier Report Observations

The alcoholic beer market in the Bahamas saw significant volume fluctuations from 2018 to 2023. Starting at 21.9 million liters in 2018, consumption rose to 23.7 million liters in 2019 before dropping to 21.3 million liters in 2020. A strong recovery followed in 2021, pushing the market to 23.8 million liters, but volume slipped again to 22.3 million liters in 2022 before a modest increase to 23.4 million liters in 2023.

Domestic production was stable near 15 million liters annually, with a slight contraction during 2020-2022. Import volumes, a major component of supply, varied considerably—from a low of 6.5 million liters in 2020 to highs above 9.1 million liters—directly driving the changes in total market volume. Exports remained minimal throughout the period, having little impact on market size.

In value terms, the market demonstrated robust growth, expanding from $23.2 million in 2018 to $28.8 million in 2023. The sharp 20.6% value increase in 2023, compared to a 4.7% volume rise, indicates a shift toward higher-priced beer segments or underlying price inflation within the category.

Production alcoholic beer in the Bahamas

In kind, 2017-2020, K l

Top producers of alcoholic beer, 2017-2020

World map of production of alcoholic beer, 2017-2020

In 2020, the Bahamas produced 14 800 K l of alcoholic beer, marking a 1.3% decline compared to the previous year. The largest increase occurred in 2018, at 0.0%.

Annual dynamics of production in the Bahamas in kind, 2017-2020, K l

In value, 2017-2020, K $ US

In 2020, the output of alcoholic beer in the Bahamas was valued at 14 401 K $ US, showing a limited reduction of 5.6% compared to 2019. Over the period from 2017 to 2020, production decreased by 2.5%, with a compound annual growth rate (CAGR) of 0.8%. The maximum value was recorded in 2019 at 15 255 K $ US, with the largest increase that year at 3.3%.

Annual dynamics of production in the Bahamas in value, 2017-2020, K $ US

Exports alcoholic beer from the Bahamas

Exports in kind, K l

The data reveals irregular changes, indicating a volatile market environment. Volumes dropped to their minimum in 2020 and peaked in 2018, showing a 49-fold shift. In 2020, the Bahamas exported 21 K l of alcoholic beer, constituting a steep decline of 95.0% over the past year. The maximum value was recorded in 2018 at 1 036 K l, with the largest increase that year at 76.6%.

Annual dynamics of product's exports from the Bahamas in kind, 2017-2020, K l

Throughout 2017–2020, the United States remained the dominant and almost sole destination for exports in kind of alcoholic beer from the Bahamas, with a share of 93.7%.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the Bahamas in kind, 2017-2020

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import levels fluctuated 50-fold between the low of 2020 and the high of 2018. In 2020, foreign alcoholic beer supplies from the Bahamas amounted to 20 K $ US, representing a 95.2% decrease versus the previous year. The maximum value was recorded in 2018 at 1 020 K $ US, with the largest increase that year at 76.5%.

Annual dynamics of product's exports from the Bahamas in value, 2017-2020, K $ US

Over 2017–2020, the United States concentrated almost all exports in value terms of alcoholic beer from the Bahamas, with a share of 93.7% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the Bahamas in value, 2017-2020

Imports alcoholic beer to the Bahamas

Imports in kind, K l

In 2020, the Bahamas imported approximately 6 536 K l of alcoholic beer, down by 28.3% year-over-year. Between 2017 and 2020, imports decreased by 21.2%, equating to a 7.6% annualized rate. The maximum value was recorded in 2019 at 9 118 K l, with the largest increase that year at 14.4%.

Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, K l

Throughout 2017–2020, the United States played the leading role in imports in kind, with a share of 77.7% of total flows, while other markets together accounted for the rest.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the Bahamas in kind, 2017-2020

Imports in value, K $ US

In 2020, imported alcoholic beer volumes in the Bahamas totalled 7 417 K $ US, constituting a dramatic decrease of 31.8% compared to 2019. Between 2017 and 2020, imports decreased by 23.7%, equating to an 8.6% annualized rate. The maximum value was recorded in 2019 at 10 876 K $ US, with the largest increase that year at 15.4%.

Annual dynamics of product's imports to the Bahamas in value, 2017-2020, K $ US

In 2017–2020, the United States played a leading role in imports in value terms of alcoholic beer to the Bahamas, with a share of 77.6% of total flows and a distributed remainder across other partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the Bahamas in value, 2017-2020