Earlier Report Observations
The beef and buffalo meat market in the Bahamas showed considerable volume fluctuations between 2018 and 2023, largely dictated by import levels. A pronounced drop to 3 441 t in 2020 aligned with worldwide supply chain disruptions during the COVID-19 pandemic. Recovery commenced in 2021 as the market expanded to 4 721 t, a period marked by sustained inflation, soaring grain prices, and animal disease outbreaks that tightened global beef production and affected trade flows.
Market growth continued, reaching 5 592 t by 2023. This rise occurred alongside a more relaxed global beef market, where increased exports from Australia and South America improved product availability for importers. Record shipments from Brazil and a slowdown in Asian demand further eased worldwide supply, supporting Bahamian imports even amid high global cattle prices and production costs.
Domestic production remained minimal and stable at 18–19 t annually throughout the period. Preliminary data for 2024 indicates a sharp reduction in imports to 2 908 t, coinciding with a well-supplied global market and moderated demand growth in Asia, suggesting a shift in import volumes.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in the Bahamas
- 5.1.1. Annual dynamics of production in the Bahamas in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in the Bahamas in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in the Bahamas
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to the Bahamas, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to the Bahamas by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to the Bahamas, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to the Bahamas by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from the Bahamas in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from the Bahamas by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from the Bahamas in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from the Bahamas by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from the Bahamas, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from the Bahamas by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from the Bahamas in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from the Bahamas by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from the Bahamas in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from the Bahamas by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from the Bahamas, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from the Bahamas by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production beef and buffalo meat in the Bahamas
In kind, 2017-2020, kg
Top producers of beef and buffalo meat, 2017-2020
World map of production of beef and buffalo meat, 2017-2020
Beef and buffalo meat production in the Bahamas declined for the second consecutive year. In 2020, production reached 18 360 kg, marking a slight decrease of 1.8% compared to 2019. Over the period from 2017 to 2020, production fell by 3.1%, with a compound annual growth rate of 1.0%. The largest increase occurred in 2018, at 0.0%.
Annual dynamics of production in the Bahamas in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | - | (1.3%) | (1.8%) | (1.0%) |
Exports beef and buffalo meat from the Bahamas
As highlighted in marketing research, there was no export of beef and buffalo meat from the Bahamas between 2017 and 2020.
Imports beef and buffalo meat to the Bahamas
Imports in kind, t
After a two-year rise, beef and buffalo meat deliveries to the Bahamas declined. In 2020, imports totaled {value_last_year} tonnes, down by 25.4% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 21%, with a compound annual growth rate of 7.6%. The maximum value was recorded in 2019 at 4 590 tonnes, while the largest increase occurred in 2018 at 3.8%.
Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.8% | 2.0% | (25.4%) | (7.6%) |
From 2017 to 2020, the country structure of imports in kind was highly concentrated, with the United States alone accounting for 94.6% of total flows.
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, the Bahamas' beef and buffalo meat imports reached 14 063 thousand US dollars, marking a sharp reduction of 48.3% compared to 2019. Between 2017 and 2020, imports decreased by 49.8%, equating to an annualized rate of 20.5%. The largest increase was recorded in 2019 at 5.8%.
Annual dynamics of product's imports to the Bahamas in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (8.2%) | 5.8% | (48.3%) | (20.5%) |
Over the period from 2017 to 2020, the United States concentrated almost all imports in value terms of beef and buffalo meat to the Bahamas, with a share of 95.7% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to the Bahamas in value, 2017-2020
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