Key Market Indicators
Bermuda's bread import market is projected to hit $17.1 million by 2028, up from $15.7 million in 2023. This represents an annual growth rate of 1.4%. Since 2015, the demand for bread in Bermuda has been climbing at an average rate of 2.3% per year. On the export front, Bermuda's bread exports are expected to rise to $176,000 by 2028, an increase from $154,000 in 2023. The export market has been expanding at an average annual rate of 2.1%. Since 2017, the supply of bread for export from Bermuda has grown at a yearly rate of 2.5%.
