Key Market Indicators
Bermudian plastic imports are projected to rise significantly, reaching approximately $34.4 million by 2028. This marks an increase from the $31.6 million recorded in 2023, with an average annual growth rate of 1.4%. The island's demand for plastic has seen a steady increase since 2015, growing at an average rate of 1.8% per year. In contrast, Bermudian plastic exports are expected to reach around $210,000 by 2028, up from $175,000 in 2023. This reflects a higher average annual growth rate of 2.8%. However, since 2017, the supply of plastic exports from Bermuda has experienced a slight decline, with a year-on-year decrease of 0.4%.
