Earlier Report Observations
From 2018 to 2020, the coconut market volume in the Bahamas contracted from 2 987 t to 2 869 t. A turnaround began in 2021 when market size expanded to 2 933 t, coinciding with the announcement of the Authentically Bahamian Trade Show scheduled for December 2021. This event aimed to promote domestic agricultural goods, potentially encouraging new market entries and supporting local coconut production and demand.
Market volume continued to fluctuate, reaching 2 945 t by 2023. In 2024, the Bahamas Customs & Excise Department launched the 'Click2Clear' single window to streamline trade procedures, which could affect the import and export of coconut products. Simultaneously, the ongoing Coconut Festival maintains consumer interest and promotes local coconut-based goods.
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, t
- 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, t
- 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, t
- 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. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production coconuts in the Bahamas
In kind, 2017-2020, t
Top producers of coconuts, 2017-2020
World map of production of coconuts, 2017-2020
Coconut production in the Bahamas increased for the third consecutive year. In 2020, the country produced 2 840 tonnes of coconuts, showing no significant change compared to the previous year.
Annual dynamics of production in the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.5% | 0.4% | 0.1% | 0.7% |
Exports coconuts from the Bahamas
As highlighted in the market study, there were no coconut exports from the Bahamas between 2017 and 2020.
Imports coconuts to the Bahamas
Imports in kind, t
The market exhibited an unstable trend throughout the period. Import volumes reached their lowest point in 2020 and peaked in 2018, with a 5.5-fold difference between these years. In 2020, the Bahamas imported 29.0 tonnes of coconuts, down 49.7% from the previous year. The largest decline occurred in 2019 at 63.9%, while the largest increase was recorded in 2018 at 266.1%. The maximum volume was 159.7 tonnes in 2018.
Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 266.1% | (63.9%) | (49.7%) | (12.7%) |
From 2017 to 2020, the country structure of imports in kind was highly concentrated, with the United States alone accounting for 97.3% 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
Volatility characterized the market behavior during these years. Import values reached their lowest point in 2020 and peaked in 2018, with a 7.4-fold difference between these years. In 2020, imported coconut volumes in the Bahamas reached 88.8 thousand US dollars, showing a sharp decline of 57.2% year-over-year. The largest decline occurred in 2019 at 68.5%, while the largest increase was recorded in 2018 at 169.0%. The maximum value was 658.5 thousand US dollars in 2018.
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 | 169.0% | (68.5%) | (57.2%) | (28.7%) |
From 2017 to 2020, the United States was by far the main destination for imports in value terms of coconuts to the Bahamas, accounting for 97.2% 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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