Concentrated or sweetened milk and cream market in Trinidad and Tobago

Earlier Report Observations

The market for concentrated or sweetened milk and cream in Trinidad and Tobago experienced an overall decline from 14 597 tons in 2018 to 11 620 tons in 2023, a reduction of nearly 20%. This contraction coincided with a more than halving of domestic production over the same period.

Market volume fluctuated during these years, with temporary recoveries in 2020 and 2022. Imports, which constitute the primary supply source, also fell from 14 601 tons in 2018 to 11 424 tons in 2023, contributing to the overall reduction in product availability.

Trade data reflected reliance on imports from various countries, including Barbados in 2023, while government price monitoring in 2022 indicated ongoing scrutiny of dairy market conditions.

Production concentrated or sweetened milk and cream in Trinidad and Tobago

In kind, 2017-2020, t

Top producers of concentrated or sweetened milk and cream, 2017-2020

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

Production of concentrated or sweetened milk and cream in Trinidad and Tobago has declined for the third year in a row. In 2020, output reached 464.6 tonnes, marking a significant drop of 19.4% compared to the previous year. Over the period from 2017 to 2020, production fell by 28.5%, with an average annual decline of 10.6%.

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

In value, 2017-2020, K $ US

The value of concentrated or sweetened milk and cream production in Trinidad and Tobago has also decreased for the third consecutive year. In 2020, production was valued at 1 128 thousand US dollars, down by 14.4% from 2019. Between 2017 and 2020, the value dropped by 42.6%, translating to an annualized decline of 16.9%.

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

Exports concentrated or sweetened milk and cream from Trinidad and Tobago

Exports in kind, t

In 2020, Trinidad and Tobago exported 534 tonnes of concentrated or sweetened milk and cream, a sharp decline of 39.5% from 2019. Over the period from 2017 to 2020, exports decreased by 15.9%, with an average annual drop of 5.6%. The highest export volume was recorded in 2019 at 883 tonnes, which also saw the largest increase of 41.6%.

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

From 2017 to 2020, the main buyers of concentrated or sweetened milk and cream from Trinidad and Tobago were Barbados, accounting for 34.2% of exports in kind, Jamaica with 32.5%, and Belize at 6.4%. Together, these three countries made up 73.0% of total exports in kind.

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 growth, exports of concentrated or sweetened milk and cream from Trinidad and Tobago declined in 2020. Exports totaled 1 296 thousand US dollars, a decrease of 35.8% from 2019. Between 2017 and 2020, export value fell by 32.5%, with an average annual decline of 12.3%. The peak value was in 2019 at 2 019 thousand US dollars, while the largest increase occurred in 2018 at 2.7%.

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

Between 2017 and 2020, the primary destinations for exports in value terms were Barbados, with 30.4% of the total, Jamaica at 20.4%, and the United States with 13.5%. These three countries accounted for 64.3% of total export flows.

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 or sweetened milk and cream to Trinidad and Tobago

Imports in kind, t

In 2020, Trinidad and Tobago imported 14 454 tonnes of concentrated or sweetened milk and cream, up by 4.5% from the previous year. The lowest import volume was in 2019 at 13 835 tonnes, while the highest was in 2018 at 14 601 tonnes. The largest decline occurred in 2019, with a drop of 5.2%.

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

From 2017 to 2020, the key sources for imports in kind were Malaysia, representing 24.3% of imports, Ireland at 18.1%, and Brazil with 11.6%. Together, these three countries supplied 54.0% of total import flows.

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

In 2020, Trinidad and Tobago imported approximately 40 458 thousand US dollars worth of concentrated or sweetened milk and cream, a gradual increase of 8.0% compared to 2019. Over the period from 2017 to 2020, imports rose by 5.4%, with an annualized growth rate of 1.8%. The lowest import value was in 2019 at 37 479 thousand US dollars, which also saw the largest decline of 2.3%.

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

Between 2017 and 2020, the main suppliers of concentrated or sweetened milk and cream to Trinidad and Tobago in value terms were Ireland, accounting for 35.9% of imports, Mexico at 10.6%, and Malaysia with 10.5%. These three countries together made up 57.0% 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