Coconuts, Brazil nuts and cashews market in Saint Vincent and the Grenadines

Earlier Report Observations

The market volume for coconuts, Brazil nuts, and cashews in Saint Vincent and the Grenadines followed a downward trajectory from 2018 to 2023, declining from 1 634 t to 1 140 t. This represented a contraction of approximately 30% over the six-year period, with the most pronounced yearly drop occurring in 2023.

A partial recovery interrupted the trend in 2022, when the market expanded by 13% to reach 1 342 t. This rebound was short-lived, as volume fell again the following year to its lowest point in the period. In value terms, the market mirrored this volatility, peaking at 392 thousand USD in 2022 before a sharp correction.

Production coconuts, Brazil nuts and cashews in Saint Vincent and the Grenadines

In kind, 2017-2020, t

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

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

Saint Vincent and the Grenadines has seen production of coconuts, Brazil nuts, and cashews rise for the third year in a row. In 2020, the country produced 2,848 tonnes of these nuts, marking a 5.5% increase from the previous year. From 2017 to 2020, overall production grew by 16%, which translates to an average annual growth rate of 5.1%.

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

In value, 2017-2020, K $ US

Following a two-year decline, the value of coconuts, Brazil nuts, and cashews production in Saint Vincent and the Grenadines rebounded. In 2020, output was valued at 668.2 thousand US dollars, showing a modest gain of 2.1% year-over-year. However, over the 2017-2020 period, production value fell by 25.9%, with a compound annual growth rate of -9.5%. The lowest value was recorded in 2019 at 654.2 thousand US dollars, while the largest drop occurred in 2018 with a 24.6% decrease.

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

Exports coconuts, Brazil nuts and cashews from Saint Vincent and the Grenadines

Exports in kind, t

Export volumes of coconuts, Brazil nuts, and cashews from Saint Vincent and the Grenadines have increased for the third consecutive year. In 2020, exports reached 1,477 tonnes, representing a significant gain of 29.0% compared to 2019. From 2017 to 2020, exports surged by 255.7%, with a compound annual growth rate of 52.6%.

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

From 2017 to 2020, Saint Kitts and Nevis, the British Virgin Islands, and Saint Maarten (Dutch part) consistently led as the top destinations for exports in kind. Saint Kitts and Nevis accounted for 32.4% of exports, the British Virgin Islands for 30.6%, and Saint Maarten for 11.2%. Together, these three markets made up 74.2% 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, K $ US

The value of exported coconuts, Brazil nuts, and cashews from Saint Vincent and the Grenadines has risen for the third year in a row. In 2020, exports totaled 346.5 thousand US dollars, showing a solid increase of 24.9% over the previous year. Over the 2017-2020 period, export value grew by 127.3%, with a compound annual growth rate of 31.5%.

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

Throughout 2017-2020, Saint Kitts and Nevis, the British Virgin Islands, and Trinidad and Tobago remained the primary markets for exports in value terms. Saint Kitts and Nevis held a 27.0% share, the British Virgin Islands 23.3%, and Trinidad and Tobago 18.0%. Collectively, these three destinations accounted for 68.3% of total export flows.

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 coconuts, Brazil nuts and cashews to Saint Vincent and the Grenadines

Imports in kind, t

Import volumes of coconuts, Brazil nuts, and cashews into Saint Vincent and the Grenadines declined for the second consecutive year. In 2020, imports were recorded at 0.4 tonnes, down by 47.4% from 2019. Between 2017 and 2020, imports decreased by 37.4%, equating to an annualized decline of 14.4%. The highest volume was in 2018 at 1 tonne, which also saw the largest increase of 40.8%.

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

From 2017 to 2020, the United States dominated the country structure of imports in kind, accounting for 87.0% of total flows. Other destinations contributed relatively small shares during this period.

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, K $ US

In 2020, cross-border shipments of coconuts, Brazil nuts, and cashews to Saint Vincent and the Grenadines amounted to 4.0 thousand US dollars, marking an abrupt increase of 45.2% compared to 2019. However, over the 2017-2020 period, import value decreased by 2.9%, with a compound annual growth rate of -1.0%. The minimum value was recorded in 2019 at 2.7 thousand US dollars, while the maximum was in 2018 at 4.9 thousand US dollars. The largest decline occurred in 2019 with a 44.7% drop.

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

Over 2017-2020, imports of coconuts, Brazil nuts, and cashews into Saint Vincent and the Grenadines were largely oriented towards the United States, which held a 90.8% share of total imports in value terms.

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