Market research

Milk market in the Bahamas

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Bahamian milk market expanded significantly from 2018 to 2023, driven primarily by rising imports while domestic production remained stable at just over 2 000 tonnes per year. After a period of relative stability around 6 800–6 900 tonnes in 2018 and 2019, total market volume surged to 9 151 tonnes in 2020 and continued growing to a peak of 11 200 tonnes in 2022.

Market growth continued through 2021 and 2022, with imports reaching over 9 100 tonnes annually. By 2023, the market volume stabilized at a high level of 11 196 tonnes. Preliminary import data for 2024 indicates a decline to 4 975 tonnes, though the full market volume for the year is not yet available.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in the Bahamas
  1. 5.1.1. Annual dynamics of production in the Bahamas in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in the Bahamas in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to the Bahamas, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to the Bahamas by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to the Bahamas, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to the Bahamas by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from the Bahamas in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from the Bahamas by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from the Bahamas in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from the Bahamas by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from the Bahamas, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from the Bahamas by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from the Bahamas in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from the Bahamas by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from the Bahamas in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from the Bahamas by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from the Bahamas, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from the Bahamas by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk in the Bahamas

In kind, 2017-2020, t

Top producers of milk, 2017-2020

Source: SHEV.io

World map of production of milk, 2017-2020

Source: SHEV.io

Milk production in the Bahamas increased for the second consecutive year. In 2020, production reached 2 055 tonnes, remaining broadly stable compared to 2019. Over the period from 2017 to 2020, production decreased by 26.7%, which equates to an annualized decline of 9.8%. The lowest production level was recorded in 2018 at 2 047 tonnes. The largest year-on-year decline occurred in 2018 at 27.0%, while the largest increase was seen in 2019 at 0.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.0%)	0.2%	0.2%	(9.8%)

Source: SHEV.io

Exports milk from the Bahamas

Exports in kind, t

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	n/a	-

Source: SHEV.io

From 2017 to 2020, Jamaica effectively monopolized the Bahamas' milk exports in kind, accounting for 100.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

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	n/a	-

Source: SHEV.io

Between 2017 and 2020, Jamaica concentrated the Bahamas' milk exports in value terms, holding a 100.0% share of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports milk to the Bahamas

Imports in kind, t

In 2020, the Bahamas imported 7 095 tonnes of milk, marking a 47.9% increase compared to the previous year. Over the 2017-2020 period, imports grew by 128.7%, with a compound annual growth rate of 31.8%. The largest year-on-year decline occurred in 2019 at 1.8%, while the largest increase was recorded in 2018 at 57.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	57.5%	(1.8%)	47.9%	31.8%

Source: SHEV.io

From 2017 to 2020, the United States and Peru together accounted for 85.2% of the Bahamas' total milk imports in kind, with the remaining flows distributed thinly across other markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Cross-border shipments of milk to the Bahamas declined for the second consecutive year. In 2020, imports totaled 14 581 thousand US dollars, representing an 8.9% decrease compared to the previous year. Between 2017 and 2020, imports fell by 14.2%, equating to an annualized decline of 5.0%. The highest import value was recorded in 2018 at 17 643 thousand US dollars. The largest year-on-year decline occurred in 2019 at 9.3%, while the largest increase was seen in 2018 at 3.8%.

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	3.8%	(9.3%)	(8.9%)	(5.0%)

Source: SHEV.io

From 2017 to 2020, the Bahamas' milk imports in value terms were largely oriented toward the United States and Peru, whose combined share reached 85.4% of total import flows, with other destinations playing a secondary role.

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

Source: SHEV.io

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

Source: SHEV.io