Earlier Report Observations
The market for non-rendered pig fat free of lean meat in the Bahamas contracted from 28.8 tons in 2018 to 26.0 tons in 2020, a reduction of nearly 10% over two years. This downward trend was reversed in 2021 when the market expanded sharply to 30.8 tons, an increase of 18.5% from the previous year.
After the 2021 surge, market volume stabilized at just above 30 tons. It edged down slightly to 30.4 tons in 2022 before recovering to 30.8 tons in 2023, indicating a period of consolidation following the earlier volatility.
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, kg
- 6.1.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, kg
- 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, $ US
- 6.1.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, $ 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, kg
- 6.2.2.1. Annual dynamics of product's imports to the Bahamas in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to the Bahamas by countries, 2018-2024, kg
- 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, $ US
- 6.2.3.1. Annual dynamics of product's imports to the Bahamas in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to the Bahamas by countries, 2018-2024, $ 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, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ 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 non-rendered pig fat free of lean meat in the Bahamas
In kind, 2017-2020, kg
Top producers of non-rendered pig fat free of lean meat, 2017-2020
World map of production of non-rendered pig fat free of lean meat, 2017-2020
The Bahamas has seen its production of non-rendered pig fat free of lean meat decline for three consecutive years. In 2020, production reached 24,470 kg, marking a 6.4% decrease from the previous year. Over the 2017-2020 period, production fell by 15.7%, with a compound annual growth rate (CAGR) of -5.5%.
Annual dynamics of production in the Bahamas in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (6.4%) | (3.8%) | (6.4%) | (5.5%) |
Exports non-rendered pig fat free of lean meat from the Bahamas
As noted in market analysis, the Bahamas did not export any non-rendered pig fat free of lean meat from 2017 to 2020.
Imports non-rendered pig fat free of lean meat to the Bahamas
Imports in kind, kg
In 2020, the Bahamas imported 1,500 kg of non-rendered pig fat free of lean meat, a 30.5% increase from the prior year. Over the 2017-2020 period, imports decreased by 9.9%, with a CAGR of -3.4%. The lowest import volume was recorded in 2019 at 1,150 kg, while the highest was in 2018 at 1,676 kg. The largest decline occurred in 2019, with a drop of 31.4%.
Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.6% | (31.4%) | 30.5% | (3.4%) |
From 2017 to 2020, the country structure of imports in kind was highly concentrated, with the United States accounting for 99.5% 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, $ US
The Bahamas experienced a second consecutive year of decline in foreign supplies of non-rendered pig fat free of lean meat. In 2020, imports amounted to $4,286 US, showing a sharp drop of 41.0% compared to the previous year. Between 2017 and 2020, imports decreased by 60.6%, equating to an annualized rate of -26.7%. The highest value was recorded in 2018 at $11,030 US, which also saw the largest increase of 1.4%.
Annual dynamics of product's imports to the Bahamas in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.4% | (34.1%) | (41.0%) | (26.7%) |
From 2017 to 2020, the United States dominated imports in value terms of non-rendered pig fat free of lean meat to the Bahamas, holding a 99.4% share 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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