Key Market Indicators
Bermuda's juice import market is projected to decline, with imports expected to drop to approximately $2.8 million by 2028. This represents a decrease from the $3 million anticipated in 2023, marking an average annual decline rate of 0.7%. The demand for juice in Bermuda has been on a downward trend since 2015, experiencing an average yearly reduction of 1.1%. On the export front, Bermuda's juice export market is also seeing a decline. Exports are forecasted to reach around $3,800 by 2028, down from $4,000 in 2023. This reflects an annual compound growth rate decrease of 1%. Since 2017, the supply of Bermudian juice exports has been diminishing at an average yearly rate of 3.4%.
