Earlier Report Observations
The beef and buffalo meat market volume in Grenada fell from 523 tons in 2018 to 330 tons in 2020, reflecting broader global disruptions including the COVID-19 pandemic. A recovery began in 2021, lifting the market to 431 tons by 2022, supported by rising imports despite a continued decline in local production.
The growth in imports during 2021-2022 occurred against a backdrop of globally elevated production costs and supply chain pressures, which affected beef prices and availability worldwide. Grenada's increased reliance on imported meat during this period helped offset the shrinking domestic output.
By 2023, market volume slipped to 396 tons as domestic production fell further. Imports remained at the previous year's level, indicating that local supply factors were the primary driver of the market contraction in the most recent year.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Grenada
- 5.1.1. Annual dynamics of production in Grenada in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Grenada in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Grenada
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production beef and buffalo meat in Grenada
In kind, 2017-2020, t
Top producers of beef and buffalo meat, 2017-2020
World map of production of beef and buffalo meat, 2017-2020
Grenada's beef and buffalo meat production saw a two-year increase before declining. In 2019, production reached its peak at 238.1 tonnes, representing a 6.4% increase from the previous year. However, by 2020, production had fallen to 194.8 tonnes, marking an 18.2% year-over-year decrease. Over the 2017-2020 period, overall production declined by 8.7%, with a compound annual growth rate of 3.0%.
Annual dynamics of production in Grenada in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.9% | 6.4% | (18.2%) | (3.0%) |
Exports beef and buffalo meat from Grenada
Market research indicates that Grenada did not export any beef or buffalo meat between 2017 and 2020.
Imports beef and buffalo meat to Grenada
Imports in kind, t
Grenada's beef and buffalo meat imports declined for the second year in a row. In 2018, imports peaked at 299.6 tonnes, showing a 30.9% increase. By 2020, imports had dropped to 134.8 tonnes, a 42.7% decrease compared to the previous year. Over the 2017-2020 period, imports fell by 41.1%, with a compound annual growth rate of 16.2%.
Annual dynamics of product's imports to Grenada in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 30.9% | (21.5%) | (42.7%) | (16.2%) |
From 2017 to 2020, the United States was the nearly exclusive supplier of beef and buffalo meat to Grenada, accounting for 95.9% of total imports by volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Grenada in kind, 2017-2020
Imports in value, K $ US
The value of Grenada's beef and buffalo meat imports continued to decline for a second consecutive year. In 2018, imports reached their highest point at 1 635 thousand US dollars, a 39.7% increase. By 2020, the import value had fallen to 771 thousand US dollars, representing a 47.4% year-over-year decrease. Over the 2017-2020 period, import values decreased by 34.1%, with a compound annual growth rate of 13.0%.
Annual dynamics of product's imports to Grenada in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 39.7% | (10.3%) | (47.4%) | (13.0%) |
Between 2017 and 2020, 96.3% of Grenada's beef and buffalo meat imports by value came from the United States, solidifying its position as the overwhelmingly dominant market.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Grenada in value, 2017-2020
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