Earlier Report Observations
The market for dried shelled legumes in the Bahamas began at 589.4 tons in 2018, supported by high import dependence and demand from the substantial tourism sector. The country's observer status in CARICOM limited regional market integration, reinforcing reliance on imports due to minimal local production, which contributes less than 3% to GDP. Market volume then dropped to 488.4 tons in 2019 before recovering to 542.5 tons in 2020.
From 2021 to 2023, the market size fluctuated, declining to 498.5 tons in 2021, then rising to 521.3 tons in 2022 and reaching 574.7 tons in 2023.
In 2024, imports of dried shelled legumes stood at 113.4 tons. The market context featured a record tourism surge that increased demand for imported food products, an 18% rise in food import values mainly from the United States, and government policies creating a business-friendly environment with tax incentives attracting new players.
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. 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 dried shelled legumes in the Bahamas
In kind, 2017-2020, t
Top producers of dried shelled legumes, 2017-2020
World map of production of dried shelled legumes, 2017-2020
The Bahamas experienced a third consecutive year of decline in dried shelled legumes production. In 2019, production was broadly stable, while in 2020, it reached 359.1 tonnes.
Annual dynamics of production in the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.4%) | (0.3%) | (0.3%) | (0.3%) |
Exports dried shelled legumes from the Bahamas
Exports in kind, t
In 2020, dried shelled legumes exports from the Bahamas totaled 0.1 tonnes, marking a sharp 91.4% decrease from 2019.
Annual dynamics of product's exports from the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | (91.4%) | - |
From 2017 to 2020, the United States was the overwhelmingly dominant buyer of dried shelled legumes from the Bahamas, accounting for 92.1% of total exports in volume.
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
In 2020, the Bahamas's dried shelled legumes exports amounted to 0.8 thousand US dollars, reflecting an abrupt 90.5% drop from 2019.
Annual dynamics of product's exports from the Bahamas in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | (90.5%) | - |
Throughout 2017–2020, the United States almost fully determined the geographical structure of dried shelled legumes exports from the Bahamas in value terms, with a share of 91.4% 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 dried shelled legumes to the Bahamas
Imports in kind, t
The market showed noticeable fluctuations during the period. The minimum volume was recorded in 2019 at 129.9 tonnes, while the maximum was in 2018 at 228.1 tonnes, representing a 1.8-fold variation. In 2020, imports stood at 183.5 tonnes, indicating a 41.3% increase from 2019. The largest decline occurred in 2019 at 43.1%, and the largest increase was in 2018 at 74.1%.
Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 74.1% | (43.1%) | 41.3% | 11.9% |
From 2017 to 2020, the United States dominated the country structure of imports in volume, with a share of 99.7% 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, dried shelled legumes imports to the Bahamas reached 496.4 thousand US dollars, constituting a robust 12.0% increase from the previous year. The minimum value was recorded in 2019 at 443.2 thousand US dollars, and the maximum was in 2018 at 806.0 thousand US dollars. Between 2017 and 2020, imports decreased by 17.1%, equating to an annualized rate of 6.1%. The largest decline occurred in 2019 at 45.0%, while the largest increase was in 2018 at 34.6%.
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 | 34.6% | (45.0%) | 12.0% | (6.1%) |
Over 2017–2020, imports in value terms of dried shelled legumes to the Bahamas were almost completely tied to the United States, which accounted for 98.5% 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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