Dried shelled beans market in Trinidad and Tobago

Earlier Report Observations

From 2018 to 2023, the market for dried shelled beans in Trinidad and Tobago showed significant volatility. The market volume started at 2 441 t in 2018, fell to 2 234 t in 2019, then rose sharply to a peak of 2 744 t in 2020.

After the 2020 peak, the market contracted to 2 045 t in 2021. A partial recovery followed in 2022, reaching 2 288 t, before another decline to 2 014 t in 2023. Throughout this period, domestic production remained stable at 520–530 t annually, while import fluctuations were the primary driver of overall market size changes.

Production dried shelled beans in Trinidad and Tobago

In kind, 2017-2020, t

Top producers of dried shelled beans, 2017-2020

World map of production of dried shelled beans, 2017-2020

Trinidad and Tobago's dried shelled bean production has grown for the third year in a row. In 2020, the country produced 523.7 tonnes, marking a slight increase of 0.6% from the previous year.

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

In value, 2017-2020, K $ US

In 2020, the value of dried shelled bean output in Trinidad and Tobago reached 948 thousand US dollars, showing a strong rise of 12.8% compared to 2019. Over the period from 2017 to 2020, production decreased by 3.1%, which translates to an annualized decline of 1.0%. The lowest value was recorded in 2019 at 841 thousand US dollars, while the peak occurred in 2018 at 1 005 thousand US dollars. The most significant drop was in 2019, with a 16.4% decrease.

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

Exports dried shelled beans from Trinidad and Tobago

Exports in kind, t

Dried shelled bean exports from Trinidad and Tobago have increased for the third consecutive year. In 2020, exports totaled 116 tonnes, representing a substantial growth of 63.9% from the previous year. From 2017 to 2020, exports surged by 201.6%, with a compound annual growth rate of 44.5%.

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

Between 2017 and 2020, the key export partners for dried shelled beans from Trinidad and Tobago were Saint Vincent and the Grenadines, accounting for 30.9% of exports in kind, Grenada at 25.7%, and the United States at 23.4%. Together, these three countries made up 80.1% 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

The value of dried shelled bean exports from Trinidad and Tobago has risen for the third year in a row. In 2020, exports amounted to 210 thousand US dollars, reflecting a sharp increase of 83.7% over the past year. From 2017 to 2020, export values grew by 186.9%, with a compound annual growth rate of 42.1%.

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

From 2017 to 2020, the three main markets for dried shelled bean exports from Trinidad and Tobago in value terms were Saint Vincent and the Grenadines, Grenada, and the United States. Collectively, they accounted for 80.7% of total 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 dried shelled beans to Trinidad and Tobago

Imports in kind, t

In 2020, dried shelled bean imports into Trinidad and Tobago reached 2 336 tonnes, which is 30.9% higher than in 2019. Between 2017 and 2020, imports increased by 25.8%, equivalent to an annualized growth rate of 7.9%. The lowest import volume was recorded in 2019 at 1 785 tonnes, with the largest decline that year at 9.3%.

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

During the 2017–2020 period, the primary sources for dried shelled bean imports into Trinidad and Tobago were Belize, contributing 43.1% of imports in kind, the United States at 30.2%, and Canada at 15.6%. Together, these three countries represented 88.9% 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, the value of dried shelled bean imports into Trinidad and Tobago stood at 3 056 thousand US dollars, up by 51.9% from the previous year. Over the 2017–2020 period, import values increased by 54.8%, with a compound annual growth rate of 15.7%. The most significant decrease occurred in 2019, with a 4.0% drop.

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

From 2017 to 2020, the main markets for dried shelled bean imports into Trinidad and Tobago in value terms were Belize, accounting for 45.4%, the United States at 29.8%, and Canada at 15.0%. These three countries jointly made up 90.2% 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