Coconuts, Brazil nuts and cashews market in Jamaica

Earlier Report Observations

The market for coconuts, Brazil nuts and cashews in Jamaica showed considerable volatility from 2018 to 2023. It began the period at 103.6 thousand tonnes in 2018 and remained near that level the following year. A notable contraction to 90.8 thousand tonnes occurred in 2020, but the market rebounded to 101.7 thousand tonnes in 2021. The most significant shift was a sharp expansion to 139.1 thousand tonnes in 2022, after which the volume stabilized at 140 thousand tonnes in 2023.

The overall trajectory saw the market decline by roughly 12% in 2020 before entering a phase of rapid growth. The increase in 2022 alone exceeded 36%, lifting the total market volume by more than 50% compared to the 2020 low and establishing a new, higher level of activity by the end of the period.

Production coconuts, Brazil nuts and cashews in Jamaica

In kind, 2017-2020, K t

Between 2017 and 2020, Jamaica ranked 30th globally in the production of coconuts, Brazil nuts, and cashews.

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

Jamaica's production of coconuts, Brazil nuts, and cashews declined for the second consecutive year. In 2020, the country produced 90.6 thousand tons, marking a significant decrease of 12.2% compared to the previous year. Over the period from 2017 to 2020, production fell by 10.3%, which translates to an average annual decline of 3.6%. The highest production volume was recorded in 2018 at 103.6 thousand tons, with the largest increase of 2.5% also occurring that year.

Annual dynamics of production in Jamaica in kind, 2017-2020, K t

Exports coconuts, Brazil nuts and cashews from Jamaica

Exports in kind, t

The export market for these products showed considerable volatility during this period. From 2018 to 2019, exports experienced a sharp fluctuation, with a 4.5-fold difference between the peak and trough. In 2020, Jamaica exported 16.5 tons of coconuts, Brazil nuts, and cashews, representing an 88.5% increase over the previous year. The lowest export volume was recorded in 2019 at 8.8 tons, while the highest was in 2018 at 39.4 tons. The most significant decline occurred in 2019, with a drop of 77.7%.

Annual dynamics of product's exports from Jamaica in kind, 2017-2020, t

From 2017 to 2020, the United States was the primary market for Jamaica's exports in kind, accounting for 82.7% of total flows, with other countries making up the remaining share.

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

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

Exports in value, K $ US

Export values exhibited irregular changes, reflecting a volatile market environment. Exports varied by a factor of 3.4, from a high in 2018 to a low in 2019. In 2020, Jamaica exported 79.8 thousand US dollars worth of coconuts, Brazil nuts, and cashews, showing a dramatic increase of 82.6% compared to the previous year. The minimum value was recorded in 2019 at 43.7 thousand US dollars, while the maximum was in 2018 at 149.8 thousand US dollars. The largest decline occurred in 2019, with a decrease of 70.8%.

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

Over the period from 2017 to 2020, the United States dominated Jamaica's export market in value terms, capturing 85.2% of total flows, with other countries accounting for the remainder.

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

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

Imports coconuts, Brazil nuts and cashews to Jamaica

Imports in kind, t

Jamaica's imports of coconuts, Brazil nuts, and cashews increased for the third consecutive year. In 2020, imports amounted to 134.6 tons, up by 26.8% from the previous year. Between 2017 and 2020, imports grew by 63.2%, equivalent to an average annual rate of 17.7%.

Annual dynamics of product's imports to Jamaica in kind, 2017-2020, t

From 2017 to 2020, Jamaica's imports in kind were highly concentrated, with the United States and India together accounting for 85.7% of total flows, while other partners made up the residual share.

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

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

Imports in value, K $ US

Jamaica's imports of coconuts, Brazil nuts, and cashews in value terms declined for the third consecutive year. In 2020, imports totaled 285.4 thousand US dollars, which is 31.5% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 50.8%, averaging an annual decline of 21.1%.

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

Between 2017 and 2020, the United States, India, and Vietnam were the leading sources of Jamaica's imports in value terms. The United States accounted for 50.2% of imports, India for 26.3%, and Vietnam for 19.3%, together comprising 95.8% of total flows.

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

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