Bran, sharps and residues from cereal or legume processing market in Saint Vincent and the Grenadines

Earlier Report Observations

The market for bran, sharps and residues from cereal or legume processing in Saint Vincent and the Grenadines showed variable volume from 2018 to 2023. After starting at 5 421 t in 2018, consumption dipped slightly the following year before stabilizing around 5 256 t in 2020. A recovery then took hold, with the market growing over the next two years to reach a peak of 5 582 t in 2022.

This upward trend reversed sharply in 2023, when the market volume contracted by 7.3% to 5 172 t. The overall period was characterized by domestic production fluctuations, which mirrored the market's movements, as trade flows remained minimal relative to local output.

Production bran, sharps and residues from cereal or legume processing in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

After two consecutive years of decline, Saint Vincent and the Grenadines saw an increase in production of bran, sharps, and residues from cereal or legume processing. In 2020, the country produced 5 762 tons, marking a modest 4.7% gain compared to the previous year. However, looking at the broader period from 2017 to 2020, production actually decreased by 11.9%, which translates to an average annual decline of 4.1%. The lowest production level was recorded in 2019 at 5 502 tons, while the sharpest drop occurred in 2018 with a 15.3% decrease.

Annual dynamics of production in Saint Vincent and the Grenadines in kind, 2017-2020, t

In value, 2017-2020, K $ US

The value of bran, sharps, and residues from cereal or legume processing production in Saint Vincent and the Grenadines fell for the third year in a row. In 2020, the output was valued at 671 thousand US dollars, representing a 14.2% decline from 2019. Over the four-year span from 2017 to 2020, production value dropped by 52.6%, with a compound annual growth rate of -22.0%.

Annual dynamics of production in Saint Vincent and the Grenadines in value, 2017-2020, K $ US

Exports bran, sharps and residues from cereal or legume processing from Saint Vincent and the Grenadines

Exports in kind, t

The export market for bran, sharps, and residues from cereal or legume processing showed significant volatility during the observed period. Exports varied widely, with a 4.2-fold difference between the peak in 2020 and the low in 2018. In 2020, exports from Saint Vincent and the Grenadines reached 507.5 tons, a sharp 98.3% improvement over 2019. The lowest volume was recorded in 2018 at 120.8 tons, which also saw the largest decline of 10.6%. Conversely, the biggest increase occurred in 2019 with a 112.0% rise.

Annual dynamics of product's exports from Saint Vincent and the Grenadines in kind, 2017-2020, t

From 2017 to 2020, Barbados, Saint Lucia, and Trinidad and Tobago were the top destinations for exports in kind. Barbados accounted for 37.2% of exports, Saint Lucia for 33.9%, and Trinidad and Tobago for 19.4%. Together, these three countries made up 90.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Saint Vincent and the Grenadines in kind, 2017-2020

Exports in value, $ US

Exports of bran, sharps, and residues from cereal or legume processing from Saint Vincent and the Grenadines increased for the second consecutive year. In 2020, export value was recorded at 59 086 US dollars, a 62.4% jump compared to the previous year. Over the 2017-2020 period, exports grew by 102.1%, with a compound annual growth rate of 26.4%. The lowest value was in 2018 at 22 650 US dollars, which also experienced the largest decline of 22.5%.

Annual dynamics of product's exports from Saint Vincent and the Grenadines in value, 2017-2020, $ US

Between 2017 and 2020, the primary buyers in value terms were Barbados, Saint Lucia, and Trinidad and Tobago. Barbados led with 49.6% of exports, followed by Saint Lucia at 27.6%, and Trinidad and Tobago at 11.4%. Collectively, these three markets accounted for 88.6% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Saint Vincent and the Grenadines in value, 2017-2020

Imports bran, sharps and residues from cereal or legume processing to Saint Vincent and the Grenadines

Imports in kind, t

Imports of bran, sharps, and residues from cereal or legume processing displayed an unstable trend over the timeframe. The volume peaked in 2017 and hit its lowest point in 2018, with a 4.1-fold difference between these years. In 2020, Saint Vincent and the Grenadines imported approximately 2.0 tons, a sharp 49.7% drop from the previous year. The minimum was recorded in 2018 at 1.6 tons, which also saw the largest decline of 75.5%. The most significant increase occurred in 2019 with a 140.5% rise.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, t

From 2017 to 2020, Jamaica dominated imports in kind, accounting for 98.2% of total flows, effectively concentrating almost all imports of bran, sharps, and residues from cereal or legume processing to Saint Vincent and the Grenadines.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020

Imports in value, $ US

Market performance for imports in value terms showed noticeable fluctuations during the period. Imports reached their highest level in 2017 and fell to the lowest in 2018, with a 3.4-fold gap between these years. In 2020, imports were recorded at 3 011 US dollars, a sharp 43.3% decrease compared to the previous year. The minimum value was in 2018 at 2 623 US dollars, which also experienced the largest decline of 70.2%. The biggest increase was in 2019 with a 102.6% rise.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in value, 2017-2020, $ US

During 2017-2020, the partner base for imports in value terms was extremely narrow, with Jamaica alone responsible for 98.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Saint Vincent and the Grenadines in value, 2017-2020