The imports of ceramic housewares, except those made of porcelain or china, to Bermuda are projected to decrease steadily from 37.92 thousand kilograms in 2024 to 27.1 thousand kilograms in 2028. This represents a compounded annual growth rate (CAGR) decline of approximately 8.5% annually from 2024 to 2028. The forecast indicates a consistent downward trend, reflecting reduced demand or possibly increased domestic production or substitution with alternative materials.
Future trends to watch for include:
- Potential changes in consumer preferences impacting demand for ceramics.
- Economic factors affecting import capacity and cost.
- Trade policies or regulations that might hinder or facilitate import volumes.
