Earlier Report Observations
The cinnamon market volume in Grenada remained relatively stable between 2018 and 2020, averaging around 79 000 kg annually. The launch of the Flavours of Grenada festival in 2018 highlighted local spices like cinnamon, promoting farm-to-table production chains. In 2020, revised Food Based Dietary Guidelines and extended shopping hours during the COVID-19 pandemic improved consumer access and encouraged healthier eating habits, supporting market demand.
After a drop to 76 558 kg in 2021, the market recovered to 78 560 kg in 2022 and surged to 84 505 kg in 2023. This growth coincided with heightened parliamentary activity in 2023, which may have led to favorable economic regulations, and Grenada's participation in regional accreditation conventions, likely enhancing quality standards and consumer confidence in local spice products.
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, kg
- 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, kg
- 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, kg
- 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, kg
- 6.1.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, kg
- 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, $ US
- 6.1.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, $ 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/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
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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, kg
- 6.2.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, kg
- 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, $ US
- 6.2.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, $ 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/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
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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, kg
- 7.1.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, kg
- 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, $ US
- 7.1.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, $ 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/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/kg
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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, kg
- 7.2.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, kg
- 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, $ US
- 7.2.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, $ 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/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/kg
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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, kg
- 8.1.2. In value, $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, $ 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 cinnamon in Grenada
In kind, 2017-2020, kg
From 2017 to 2020, Grenada ranked as the world's seventh-largest producer of cinnamon.
Top producers of cinnamon, 2017-2020
World map of production of cinnamon, 2017-2020
After a two-year decline, cinnamon production in Grenada increased. In 2020, the country produced 79 020 kg of cinnamon, which remained broadly stable compared to the previous year. Over the 2017-2020 period, production decreased by 3.3%, with a compound annual growth rate (CAGR) of 1.1%. The lowest production level was recorded in 2019 at 78 620 kg, while the largest decline occurred in 2018, with a drop of 3.0%.
Annual dynamics of production in Grenada in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.0%) | (0.7%) | 0.5% | (1.1%) |
Exports cinnamon from Grenada
Exports in kind, kg
In 2020, Grenada exported 846 kg of cinnamon, marking a year-on-year decline of 66.4%. Over the 2017-2020 period, exports decreased by 63.7%, with a CAGR of 28.7%. The highest export volume was recorded in 2019 at 2 521 kg, which also saw the largest increase of 24.2% during that year.
Annual dynamics of product's exports from Grenada in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (13.0%) | 24.2% | (66.4%) | (28.7%) |
From 2017 to 2020, the largest buyers of cinnamon from Grenada were Antigua and Barbuda (accounting for 23.3% of exports in kind), Trinidad and Tobago (20.3%), and Saint Lucia (2.6%). Together, these three countries formed 46.2% of Grenada's total cinnamon exports in kind.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Grenada in kind, 2017-2020
Exports in value, $ US
In 2020, cinnamon shipments from Grenada to abroad totaled 12 890 US dollars, indicating a sharp drop of 51.6% compared to 2019. Over the 2017-2020 period, exports decreased by 44.6%, with a CAGR of 17.9%. The maximum value was recorded in 2019 at 26 621 US dollars, which also experienced the largest increase of 37.1% that year.
Annual dynamics of product's exports from Grenada in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (16.6%) | 37.1% | (51.6%) | (17.9%) |
Throughout 2017 to 2020, Antigua and Barbuda and Trinidad and Tobago held leading positions in the structure of exports in value terms, jointly accounting for 28.0% of total flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Grenada in value, 2017-2020
Imports cinnamon to Grenada
Imports in kind, kg
There were noticeable fluctuations in market performance during the period. Imports reached their lowest point in 2017 and peaked in 2018, with a 2.2-fold difference between these years. In 2020, foreign cinnamon supplies to Grenada stood at 1 516 kg, indicating a year-on-year decline of 48.6%. The maximum import volume was recorded in 2018 at 3 101 kg, which also saw the largest increase of 122.5% that year.
Annual dynamics of product's imports to Grenada in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 122.5% | (4.8%) | (48.6%) | 2.8% |
From 2017 to 2020, the market structure was highly concentrated, with the United States alone responsible for 98.3% of total imports in kind.
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, $ US
There were noticeable fluctuations in market performance during the period. Imports hit their lowest point in 2020 and peaked in 2018, with a 3.9-fold gap between these years. In 2020, Grenada's cinnamon imports totaled 1 470 US dollars, down by 64.1% compared to 2019. The maximum value was recorded in 2018 at 5 696 US dollars, which also experienced the largest increase of 178.4% that year.
Annual dynamics of product's imports to Grenada in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 178.4% | (28.2%) | (64.1%) | (10.4%) |
From 2017 to 2020, the United States effectively concentrated imports in value terms of cinnamon to Grenada, with a share of 95.9% of total flows.
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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