Key Market Indicators
Bermudian frozen food exports are expected to reach $3.2 million by 2026, up from $2.6 million in 2021. The average growth rate has been 3% year-on-year since 2017, with a 13.6% increase over the same period. Bermuda was ranked 109th in 2021, behind Aruba at $2.6 million. China, Spain and Mexico came in 2nd, 3rd and 4th respectively. Meanwhile, Bermudian frozen food imports are expected to reach $5.96 million by 2026, up from $5.33 million in 2021. The average growth rate has been 1.8% year-on-year since 2015, with a 0.7% increase over the same period. Bermuda was ranked 88th in 2021, behind Serbia at $5.33 million. The United States, South Korea and Japan came in 2nd, 3rd and 4th respectively.
