Bahamas: Papaya Market 2020

Papaya Market Size in Bahamas

The revenue of the papaya market in Bahamas amounted to $X in 2018, increasing by X% against the previous year. In general, papaya consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the papaya market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Papaya Production in Bahamas

In value terms, papaya production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, papaya production attained its peak level of $X. From 2017 to 2018, papaya production growth remained at a somewhat lower figure.

Average yield of papayas in Bahamas amounted to X ton per ha in 2018, standing approx. at the previous year. In general, the papaya yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. In that year, the papaya yield attained its peak level of X ton per ha. From 2014 to 2018, the growth of the papaya yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Papaya harvested area in Bahamas totaled X ha in 2018, remaining stable against the previous year. In general, the papaya harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to papaya production reached its peak figure in 2018 and is likely to see steady growth in the immediate term.

Papaya Exports

Exports by Country

Mexico represented the main exporter of papayas in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2018. It was distantly followed by Guatemala (X tons) and Brazil (X tons), together constituting a X% share of total exports. The U.S. (X tons), India (X tons), Malaysia (X tons), the Netherlands (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2018. At the same time, Sri Lanka (+X%), Guatemala (+X%), India (+X%), the U.S. (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, Guatemala, Brazil, India and Sri Lanka increased by +X%, +X%, +X%, +X% and +X% percentage points, while Malaysia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest papaya markets from Bahamas were Mexico ($X), Brazil ($X) and Guatemala ($X), with a combined X% share of total exports.

Guatemala recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the papaya export price in Bahamas amounted to $X per ton, flattening at the previous year. Overall, the papaya export price continues to indicate a relatively flat trend pattern. Bahamas export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Guatemala, while the other leaders experienced more modest paces of growth.

Papaya Imports

Imports into Bahamas

In 2018, the papaya imports into Bahamas amounted to X tons, coming down by -X% against the previous year. Over the period under review, papaya imports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Bahamas imports peaked at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, papaya imports stood at $X in 2018. In general, papaya imports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, papaya imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. dominates papaya imports structure, reaching X tons, which was near X% of total imports in 2018. El Salvador (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Canada (X%). Germany (X tons), Portugal (X tons), Spain (X tons), the Netherlands (X tons), the UK (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to papaya imports into the U.S. stood at +X%. At the same time, El Salvador (+X%), Portugal (+X%), Spain (+X%), Germany (+X%), the UK (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Singapore experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) and El Salvador (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported papayas into Bahamas, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., papaya imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the papaya import price in Bahamas amounted to $X per ton, picking up by X% against the previous year. Overall, the papaya import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Bahamas import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform