Market research

Coconut oil and fractions market in Grenada

$Coconut oil and fractions market in Grenada$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Coconut oil production in Grenada rose from 357 tons in 2018 to 500 tons by 2022, with the market volume expanding from 398 tons to 541 tons over the same period. This growth was interrupted by a stabilization phase in 2021 and 2023, where production held at 500 tons and the market size adjusted slightly to 532 tons.

The year 2024 saw a sharp increase in coconut oil imports to 125 tons, a shift connected to the broader surge in global demand for virgin and organic coconut oil. This worldwide trend, fueled by heightened health consciousness and preference for natural products, alongside supply chain disruptions in key producing nations, influenced Grenada's import activity.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Grenada
  1. 5.1.1. Annual dynamics of production in Grenada in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Grenada in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Grenada in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Grenada by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Grenada in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Grenada by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Grenada, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Grenada by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coconut oil and fractions in Grenada

In kind, 2017-2020, t

Top producers of coconut oil and fractions, 2017-2020

Source: SHEV.io

World map of production of coconut oil and fractions, 2017-2020

Source: SHEV.io

Grenada's coconut oil and fractions production has increased for the third consecutive year. In 2020, the country produced 428.9 tonnes of coconut oil and fractions, representing a 20.0% year-over-year increase. Over the period from 2017 to 2020, production grew by 20.1%, with a compound annual growth rate of 6.3%.

Annual dynamics of production in Grenada in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.1%	0.1%	20.0%	6.3%

Source: SHEV.io

Exports coconut oil and fractions from Grenada

Exports in kind, kg

The market showed significant volatility during these years. Exports reached their lowest point in 2020 at 9 kilograms, marking a 77.5% decrease compared to the previous year. In contrast, the peak was recorded in 2018 at 42 kilograms, representing a 10.5% increase from the previous year. Overall, exports varied by 4.7 times between these years.

Annual dynamics of product's exports from Grenada in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	(4.8%)	(77.5%)	(38.1%)

Source: SHEV.io

From 2017 to 2020, Trinidad and Tobago and the United States were the main export markets for Grenada's coconut oil and fractions in kind, together accounting for 62.0% of total exports.

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

Source: SHEV.io

World map of product's exports from Grenada in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market performance exhibited noticeable fluctuations during this period. Export volumes reached their lowest point in 2019 at 0.1 thousand US dollars, which was a 93.7% decline from the previous year. In 2020, exports rebounded to 0.3 thousand US dollars, showing a 181.3% year-over-year increase. Overall, export volumes varied by 16 times between 2017 and 2019.

Annual dynamics of product's exports from Grenada in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	(93.7%)	181.3%	(43.7%)

Source: SHEV.io

Between 2017 and 2020, the United States and Trinidad and Tobago dominated Grenada's coconut oil and fractions exports in value terms, jointly representing 89.2% of total export flows.

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

Source: SHEV.io

World map of product's exports from Grenada in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Grenada

Imports in kind, kg

In 2020, Grenada imported 38 420 kilograms of coconut oil and fractions, a modest 4.3% increase compared to 2019. Imports peaked in 2018 at 40 649 kilograms, which was a 7.4% rise from the previous year. The lowest import volume was recorded in 2019 at 36 829 kilograms, representing a 9.4% decrease. Overall, imports showed variability throughout the period.

Annual dynamics of product's imports to Grenada in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.4%	(9.4%)	4.3%	0.5%

Source: SHEV.io

Throughout 2017 to 2020, Trinidad and Tobago was the dominant source for Grenada's coconut oil and fractions imports in kind, consistently accounting for 92.5% of total import flows.

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

Source: SHEV.io

World map of product's imports to Grenada in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Grenada's imports of coconut oil and fractions amounted to 145.6 thousand US dollars, reflecting a slight 2.1% gain compared to 2019. The highest import value was recorded in 2018 at 149.7 thousand US dollars, which was a 19.0% increase from the previous year. The largest decline occurred in 2019, with a 4.8% decrease. Over the 2017-2020 period, imports grew by 15.7%, with a compound annual growth rate of 5.0%.

Annual dynamics of product's imports to Grenada in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.0%	(4.8%)	2.1%	5.0%

Source: SHEV.io

From 2017 to 2020, Grenada's dependence on Trinidad and Tobago was pronounced in value terms, with this market accounting for 95.2% of total coconut oil and fractions imports.

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

Source: SHEV.io

World map of product's imports to Grenada in value, 2017-2020

Source: SHEV.io