Key Market Indicators
Bermudian metal products exports are projected to climb to approximately $349,000 by 2028, up from around $304,000 in 2023. This marks a compound annual growth rate (CAGR) of 2.2%. However, it's worth noting that since 2017, Bermuda's supply of metal products has experienced a yearly decline of 2.5%. Meanwhile, imports in the same sector are expected to rise to roughly $3.41 million by 2028, compared to close to $3.13 million in 2023. This indicates a CAGR of 1.3%. In contrast to the export decline, Bermudian demand for metal products has been on the rise, growing annually by 2.6% since 2015.
