Earlier Report Observations
The coconut oil market in Saint Kitts and Nevis saw considerable volatility from 2018 to 2023. After an initial increase from 499 t to 632 t in 2019, market volume dropped sharply to 474 t in 2020. The following years brought a partial recovery, reaching 599 t in 2022 before a moderate decline to 551 t in 2023.
Domestic production mirrored this pattern, peaking at 631 t in 2019 and falling to 473 t in 2020. Imports remained minimal for most of the period, with a notable exception in 2022 when 14 t of imports contributed to the year's market growth. Overall, the market's fluctuations were primarily driven by changes in local production levels.
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 Saint Kitts and Nevis
- 5.1.1. Annual dynamics of production in Saint Kitts and Nevis in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Saint Kitts and Nevis 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 Saint Kitts and Nevis
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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 Saint Kitts and Nevis in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Saint Kitts and Nevis 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 Saint Kitts and Nevis in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Saint Kitts and Nevis 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/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Saint Kitts and Nevis, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Saint Kitts and Nevis 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, kg
- 6.2.2.1. Annual dynamics of product's imports to Saint Kitts and Nevis in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Saint Kitts and Nevis 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 Saint Kitts and Nevis in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Saint Kitts and Nevis 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/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Saint Kitts and Nevis, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Saint Kitts and Nevis 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, kg
- 7.1.2.1. Annual dynamics of product's exports from Saint Kitts and Nevis in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Saint Kitts and Nevis 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 Saint Kitts and Nevis in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from Saint Kitts and Nevis 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/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Saint Kitts and Nevis, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Saint Kitts and Nevis 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, kg
- 7.2.2.1. Annual dynamics of product's exports from Saint Kitts and Nevis in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Saint Kitts and Nevis 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 Saint Kitts and Nevis in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from Saint Kitts and Nevis 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/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Saint Kitts and Nevis, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Saint Kitts and Nevis 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, 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 coconut oil and fractions in Saint Kitts and Nevis
In kind, 2017-2020, t
Top producers of coconut oil and fractions, 2017-2020
World map of production of coconut oil and fractions, 2017-2020
Saint Kitts and Nevis experienced a decline in coconut oil and fractions production after two years of growth. In 2019, production reached its peak at 630.6 tons. However, by 2020, output had fallen to 473.0 tons, representing a significant 25.0% decrease from the previous year. Over the entire 2017-2020 period, production increased by 11.4%, which translates to an average annual growth rate of 3.7%. The most substantial year-over-year increase occurred in 2019, when production rose by 26.6%.
Annual dynamics of production in Saint Kitts and Nevis in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 17.3% | 26.6% | (25.0%) | 3.7% |
Exports coconut oil and fractions from Saint Kitts and Nevis
Exports in kind, kg
Annual dynamics of product's exports from Saint Kitts and Nevis in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, Antigua and Barbuda served as the primary destination for coconut oil and fractions exports from Saint Kitts and Nevis, consistently accounting for 100.0% of total exports in kind throughout this period.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Saint Kitts and Nevis in kind, 2017-2020
Exports in value, $ US
Annual dynamics of product's exports from Saint Kitts and Nevis in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
During the 2017-2020 timeframe, virtually all coconut oil and fractions exports from Saint Kitts and Nevis in value terms were directed to Antigua and Barbuda, which maintained a 100.0% share of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Saint Kitts and Nevis in value, 2017-2020
Imports coconut oil and fractions to Saint Kitts and Nevis
Imports in kind, kg
The import market for coconut oil and fractions in Saint Kitts and Nevis showed considerable volatility during the observed period. Import volumes fluctuated significantly, with a 10.4-fold difference between the peak in 2017 and the low point in 2018. In 2018, imports reached their minimum at 1 012 kg, marking a substantial 90.3% decline from the previous year. The following year saw a recovery, with imports increasing by 62.3% in 2019. By 2020, imports had decreased to 1 120 kg, representing a 31.8% drop compared to 2019.
Annual dynamics of product's imports to Saint Kitts and Nevis in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (90.3%) | 62.3% | (31.8%) | (52.6%) |
From 2017 to 2020, the United States, Trinidad and Tobago, and Saint Vincent and the Grenadines remained the main suppliers of coconut oil and fractions to Saint Kitts and Nevis in terms of volume. The United States accounted for 54.3% of imports in kind, Trinidad and Tobago for 24.3%, and Saint Vincent and the Grenadines for 18.3%. Together, these three countries represented 97.0% of total imports in kind during this period.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Saint Kitts and Nevis in kind, 2017-2020
Imports in value, $ US
The import market in value terms displayed an unstable trend throughout the timeframe. Imports experienced a 4.6-fold difference between the peak in 2017 and the trough in 2018. In 2018, imports reached their lowest point at 4 790 US dollars, reflecting a sharp 78.4% decline from the previous year. A significant recovery followed in 2019, with imports increasing by 117.9%. By 2020, imports had risen to 11 116 US dollars, showing a modest 6.5% gain compared to 2019.
Annual dynamics of product's imports to Saint Kitts and Nevis in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (78.4%) | 117.9% | 6.5% | (20.5%) |
During the 2017-2020 period, three key markets—Saint Vincent and the Grenadines, the United States, and Trinidad and Tobago—collectively accounted for 96.1% of the total value of coconut oil and fractions imports to Saint Kitts and Nevis.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Saint Kitts and Nevis in value, 2017-2020
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