Earlier Report Observations
Between 2018 and 2020, the market volume for pig fat in the Bahamas contracted from 28 896 thousand kg to 26 024 thousand kg. This downward trend reversed sharply in 2021, when the market expanded by 18% to reach 30 817 thousand kg, driven by a simultaneous increase in domestic production and imports.
Following the 2021 surge, the market entered a phase of stability. Volume edged down slightly to 30 395 thousand kg in 2022, then recovered to 30 828 thousand kg in 2023, indicating consistent demand at this elevated level.
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 pig fat free of lean meat and poultry fat in the Bahamas
In kind, 2017-2020, kg
Top producers of pig fat free of lean meat and poultry fat, 2017-2020
World map of production of pig fat free of lean meat and poultry fat, 2017-2020
The Bahamas has seen a decline in pig fat free of lean meat and poultry fat production for three consecutive years. In 2020, production reached 24 470 kg, marking a 6.4% decrease from the previous year. From 2017 to 2020, overall production fell by 15.7%, with an average annual decline 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 pig fat free of lean meat and poultry fat from the Bahamas
According to market reports, there were no exports of pig fat free of lean meat and poultry fat from the Bahamas between 2017 and 2020.
Imports pig fat free of lean meat and poultry fat to the Bahamas
Imports in kind, kg
Following a two-year decline, imports of pig fat free of lean meat and poultry fat into the Bahamas increased in 2020. The import volume reached 1 554 kg, a sharp 33.0% rise compared to 2019. However, from 2017 to 2020, imports overall decreased by 11.9%, averaging an annual drop of 4.1%. The lowest import volume was recorded in 2019 at 1 168 kg, which also saw the largest decline of 32.3%.
Annual dynamics of product's imports to the Bahamas in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.1%) | (32.3%) | 33.0% | (4.1%) |
From 2017 to 2020, imports were overwhelmingly concentrated on the United States, which represented 99.5% of total import 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 third consecutive year of decline in the value of pig fat free of lean meat and poultry fat imports. In 2020, import value stood at 5 590 US dollars, reflecting a 24.1% decrease from 2019. Over the period from 2017 to 2020, import value fell by 51.9%, with an average annual decline of 21.7%.
Annual dynamics of product's imports to the Bahamas in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.7%) | (34.9%) | (24.1%) | (21.7%) |
Between 2017 and 2020, the country structure of imports in value terms was highly concentrated, with the United States accounting for 99.5% 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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