Coconuts market in Saint Vincent and the Grenadines

Earlier Report Observations

The coconut market in Saint Vincent and the Grenadines contracted in volume from 1 634 tons in 2018 to 1 201 tons in 2023. This decline was not uniform, as a notable recovery occurred in 2022 when domestic availability rose to 1 342 tons.

Market volume movements were primarily a function of changes in domestic production and export activity. A sustained reduction in output after 2020 limited total supply, while concurrent fluctuations in export volumes directly altered the quantity of coconuts remaining for local consumption, explaining the temporary market expansion in 2022.

Production coconuts in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of coconuts, 2017-2020

World map of production of coconuts, 2017-2020

Saint Vincent and the Grenadines saw its coconut production rise for the third year in a row. In 2020, the country produced 2 848 tonnes of coconuts, marking a modest 5.5% increase from the previous year. Looking at the period from 2017 to 2020, 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

After two years of decline, coconut production in Saint Vincent and the Grenadines rebounded. In 2020, the output was valued at 668.2 thousand US dollars, up 2.1% from the year before. However, over the 2017-2020 period, production value fell by 25.9%, averaging a 9.5% annual decrease. The lowest value was recorded in 2019 at 654.2 thousand US dollars, with the sharpest drop occurring in 2018 at 24.6%.

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

Exports coconuts from Saint Vincent and the Grenadines

Exports in kind, t

Coconut exports from Saint Vincent and the Grenadines increased for the third consecutive year. In 2020, export volume reached 1 477 tonnes, reflecting a 29.0% rise 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

Between 2017 and 2020, Saint Kitts and Nevis (32.4% of export volume), the British Virgin Islands (30.6%), and Saint Maarten (Dutch part) (11.2%) were the leading destinations for coconut exports from Saint Vincent and the Grenadines. Together, these three markets accounted for 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

Coconut exports from Saint Vincent and the Grenadines grew for the third year in a row. In 2020, export value reached 346.5 thousand US dollars, showing a 24.9% increase from 2019. Over the 2017-2020 period, exports rose 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

From 2017 to 2020, the main buyers of coconuts from Saint Vincent and the Grenadines in value terms were Saint Kitts and Nevis (27.0% of export value), the British Virgin Islands (23.3%), and Trinidad and Tobago (18.0%). Collectively, these three countries made up 68.3% of total export value.

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 to Saint Vincent and the Grenadines

Imports in kind, t

The coconut import market showed significant volatility during these years. Import levels fluctuated widely, with a 6.4-fold difference between the peak in 2017 and the low in 2019. In 2020, Saint Vincent and the Grenadines imported 0.1 tonnes of coconuts, up 27.0% from 2019. The lowest volume was recorded in 2019 at 0.1 tonnes, with the largest decline that year at 83.4%.

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 coconut imports to Saint Vincent and the Grenadines, accounting for 89.0% of total import volume. The remaining imports were spread across a diverse group of smaller countries.

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

Market behavior was marked by volatility during this period. Imports varied significantly, with a 5.5-fold change from the peak in 2017 to the trough in 2019. In 2020, coconut imports to Saint Vincent and the Grenadines totaled 0.5 thousand US dollars, representing a sharp 66.9% increase from the previous year. The lowest value was recorded in 2019 at 0.3 thousand US dollars, with the steepest decline that year at 72.3%.

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

Throughout 2017-2020, the import structure in value terms was heavily centered on the United States, which held an 85.9% share of total flows. Other markets played a more minor role in the import landscape.

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