Concentrated milk and cream market in Trinidad and Tobago

Earlier Report Observations

The market for concentrated milk and cream in Trinidad and Tobago displayed notable volatility from 2018 to 2023. Initial consumption stood at 7 800 т in 2018 but fell by over 11% the next year to 6 880 т.

A slight rebound to 7 065 т occurred in 2020, followed by a sharp 16% contraction in 2021 to 5 935 т. The market recovered partially in 2022, rising to 6 510 т, before experiencing an 18% decline in 2023, ending the period at 5 336 т.

Over the six years, the total market volume decreased by approximately 32%, indicating a general downward trend interspersed with short-term fluctuations.

Production concentrated milk and cream in Trinidad and Tobago

In kind, 2017-2020, t

Top producers of concentrated milk and cream, 2017-2020

World map of production of concentrated milk and cream, 2017-2020

Trinidad and Tobago's concentrated milk and cream production has declined for the third year in a row. In 2020, the country produced 232.3 tons, marking a significant 19.4% drop from the previous year. Looking at the period from 2017 to 2020, production fell by 28.5%, which translates to an average annual decrease of 10.6%.

Annual dynamics of production in Trinidad and Tobago in kind, 2017-2020, t

In value, 2017-2020, K $ US

Trinidad and Tobago's concentrated milk and cream production value has decreased for the second consecutive year. In 2020, the output was valued at 505.2 thousand US dollars, representing a sharp 16.9% decline compared to 2019. Between 2017 and 2020, production value dropped by 23.6%, with an average annual rate of 8.6%. The highest value was recorded in 2018 at 681.2 thousand US dollars, which also saw the largest increase of 3.0% that year.

Annual dynamics of production in Trinidad and Tobago in value, 2017-2020, K $ US

Exports concentrated milk and cream from Trinidad and Tobago

Exports in kind, t

Following two years of growth, Trinidad and Tobago's concentrated milk and cream exports declined. In 2020, the country exported 498 tons, down by 40.5% from 2019. Over the 2017-2020 period, exports increased by 4.5%, averaging 1.5% per year. The peak was in 2019 with 837 tons, which also experienced the largest increase of 63.2% that year.

Annual dynamics of product's exports from Trinidad and Tobago in kind, 2017-2020, t

From 2017 to 2020, Barbados, Jamaica, and Belize were the main partners for Trinidad and Tobago's concentrated milk and cream exports in volume terms. Barbados accounted for 39.3% of exports, Jamaica for 36.2%, and Belize for 7.3%, together making up 82.9% of total export flows.

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

World map of product's exports from Trinidad and Tobago in kind, 2017-2020

Exports in value, K $ US

After two years of increase, Trinidad and Tobago's concentrated milk and cream export value fell. In 2020, exports totaled 1 083 thousand US dollars, showing a sharp 38.7% decrease from the previous year. Between 2017 and 2020, export value rose by 11.6%, with an average annual growth rate of 3.7%. The highest value was in 2019 at 1 767 thousand US dollars, which also saw the largest increase of 56.7% that year.

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

During 2017-2020, three key markets—Barbados, Jamaica, and Bunkers—collectively absorbed 78.7% of Trinidad and Tobago's total concentrated milk and cream export value.

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

World map of product's exports from Trinidad and Tobago in value, 2017-2020

Imports concentrated milk and cream to Trinidad and Tobago

Imports in kind, t

Trinidad and Tobago's imports of concentrated milk and cream have declined for the second year in a row. In 2020, the country imported 7 900 tons, down by 1.3% from the previous year. From 2017 to 2020, imports decreased by 4.7%, averaging a 1.6% annual drop. The highest volume was in 2018 at 8 003 tons, which saw the largest increase of 4.1% that year, while 2019 recorded the largest decline of 7.2%.

Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, t

In the 2017-2020 period, three principal markets—Malaysia, Brazil, and Peru—together accounted for 76.2% of Trinidad and Tobago's total concentrated milk and cream imports in volume terms.

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

World map of product's imports to Trinidad and Tobago in kind, 2017-2020

Imports in value, K $ US

Trinidad and Tobago's concentrated milk and cream import value has fallen for the second consecutive year. In 2020, imports amounted to 10 472 thousand US dollars, a 6.7% decrease from 2019. Between 2017 and 2020, import value dropped by 15.8%, with an average annual rate of 5.6%. The peak was in 2018 at 12 494 thousand US dollars, which saw the largest increase of 0.4% that year, while 2019 experienced the largest decline of 10.2%.

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

Throughout 2017-2020, Malaysia, Brazil, and Peru remained the key sources for Trinidad and Tobago's concentrated milk and cream imports in value terms. Malaysia contributed 31.3%, Brazil 29.3%, and Peru 10.4%, together making up 71.0% of total import flows.

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

World map of product's imports to Trinidad and Tobago in value, 2017-2020