Bread market in Barbados

Earlier Report Observations

The bread market in Barbados displayed notable volatility in volume from 2018 to 2023, beginning at 3 115 t and peaking at 3 804 t in 2019. A sharp contraction followed in 2020, bringing volume down to 3 107 t, after which the market stabilized near 3 000 t in 2021 before recovering to 3 543 t in 2022. The final year of the period saw a minor adjustment to 3 527 t in 2023.

In monetary terms, the market value demonstrated a consistent upward trajectory, growing from $10.2 million in 2018 to $14.9 million in 2023. This increase occurred despite the volume fluctuations, indicating a rise in average market prices or a change in the product mix. Domestic production expanded over the period from 903 t to 1 044 t, while imports, although varying annually, remained the primary component of market supply.

Production bread in Barbados

In kind, 2017-2020, t

Top producers of bread, 2017-2020

World map of production of bread, 2017-2020

Barbados's bread production saw a two-year improvement before declining. In 2020, the country produced 772 t of bread, marking a 28.5% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 9.9%, with an average annual decline of 3.4%. The highest production level was recorded in 2019 at 1 080 t, which also saw the largest increase of 19.6%.

Annual dynamics of production in Barbados in kind, 2017-2020, t

In value, 2017-2020, K $ US

Barbados's bread production volume experienced a two-year gain before declining. In 2020, the output was valued at 2 212 K $ US, showing a steep 29.2% drop from the year before. Between 2017 and 2020, production decreased by 7.1%, equating to an annualized rate of 2.4%. The peak value was recorded in 2019 at 3 125 K $ US, which also saw the largest increase of 17.8%.

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

Exports bread from Barbados

Exports in kind, t

Barbados exported 272 t of bread in 2020, representing a sharp 44.8% increase relative to the prior year. Between 2017 and 2020, exports grew by 38.6%, with an annualized rate of 11.5%. The lowest export volume was recorded in 2019 at 188 t, which also saw the largest decline of 12.2%.

Annual dynamics of product's exports from Barbados in kind, 2017-2020, t

From 2017 to 2020, the United States, Antigua and Barbuda, and Anguilla were the key destinations for Barbados's bread exports in kind. The United States accounted for 37.5% of exports, Antigua and Barbuda for 29.0%, and Anguilla for 8.5%, together making up 75.0% of total export flows.

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

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

Exports in value, K $ US

In 2020, Barbados's foreign bread supplies amounted to 779 K $ US, reflecting a steep 43.4% increase compared to the previous year. Between 2017 and 2020, exports rose by 42.9%, with an annualized rate of 12.6%. The lowest value was recorded in 2019 at 544 K $ US, which also saw the largest decline of 13.5%.

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

Over the period 2017–2020, the United States, Antigua and Barbuda, and Anguilla remained the leading destinations for Barbados's bread exports in value terms. The United States held 35.2% of exports, Antigua and Barbuda 29.7%, and Anguilla 8.8%, together accounting for 73.8% of total export flows.

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

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

Imports bread to Barbados

Imports in kind, t

Barbados's bread imports saw a two-year gain before declining. In 2020, the country imported approximately 2 607 t of bread, showing a robust 10.5% decrease year-over-year. Between 2017 and 2020, imports increased by 27.8%, with an annualized rate of 8.5%. The highest import volume was recorded in 2019 at 2 912 t, which also saw the largest increase of 20.0%.

Annual dynamics of product's imports to Barbados in kind, 2017-2020, t

From 2017 to 2020, the United States and Trinidad and Tobago were the main sources for Barbados's bread imports in kind, jointly accounting for 83.6% of total import flows, while the remaining share was distributed among other markets.

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

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

Imports in value, K $ US

Barbados's volume of bread imports experienced a two-year advance before declining. In 2020, imports were recorded at 8 736 K $ US, representing an 11.5% decline compared to the previous year. Over the period from 2017 to 2020, imports increased by 14%, with an average annual growth rate of 4.5%. The peak value was recorded in 2019 at 9 866 K $ US, which also saw the largest increase of 20.2%.

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

In the period 2017–2020, three main markets—the United States, Trinidad and Tobago, and Jamaica—together absorbed 89.7% of Barbados's total bread imports in value terms.

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

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