Fruit and vegetable juices market in Trinidad and Tobago

Earlier Report Observations

The market for fruit and vegetable juices in Trinidad and Tobago contracted significantly from over 900 million liters in 2018 to around 570 million liters by 2020, primarily driven by a steady decline in imports. Production remained stable at just over 7 million liters during this period, indicating that the domestic supply was a small fraction of total market volume.

A dramatic shift occurred in 2022 when the market volume collapsed to merely 7.4 million liters. This was the direct result of a near-complete halt in imports, which fell from 533.1 million liters in 2021 to just 7.9 million liters. Global supply chain disruptions stemming from the Russia-Ukraine conflict severely impacted the availability of fruit and vegetable juices for import, reshaping the market's structure. Consequently, the market became almost entirely supplied by domestic production, which increased to 8.6 million liters.

By 2023, the market volume had slightly decreased to 5.4 million liters, stabilizing at this new baseline. Domestic production held steady at 8.6 million liters, while exports saw a notable increase, suggesting a growing focus on external markets by local producers in the transformed trade landscape.

Production fruit and vegetable juices in Trinidad and Tobago

In kind, 2017-2020, K l

Top producers of fruit and vegetable juices, 2017-2020

World map of production of fruit and vegetable juices, 2017-2020

After two years of decline, Trinidad and Tobago's production of fruit and vegetable juices increased. In 2020, the country produced 7 138 thousand liters, marking a 2.7% rise from 2019. However, looking at the broader period from 2017 to 2020, overall production fell by 5.2%, averaging an annual decline of 1.8%. The lowest production level was recorded in 2019 at 6 952 thousand liters, while the steepest drop occurred in 2018 with a 5.3% decrease.

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

Exports fruit and vegetable juices from Trinidad and Tobago

Exports in kind, M l

Export volumes showed significant volatility during these years. The peak was in 2017, while the lowest point came in 2020, creating a 3.5-fold difference between these extremes. In 2020, Trinidad and Tobago exported 5.0 million liters of fruit and vegetable juices, representing a sharp 11.3% contraction from the previous year. The most substantial decline happened in 2018 at 69.3%, whereas 2019 saw a modest increase of 3.7%.

Annual dynamics of product's exports from Trinidad and Tobago in kind, 2017-2020, M l

From 2017 to 2020, Guyana, Grenada, and Venezuela were the key export partners in terms of volume, accounting for 46.2%, 12.7%, and 7.0% of exports, respectively. Together, they made up 65.9% 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

Following two years of growth, Trinidad and Tobago's fruit and vegetable juice exports in value terms declined. In 2020, exports totaled 7 671 thousand US dollars, a sharp 26.6% drop from 2019. Over the 2017-2020 period, exports decreased by 11.1%, with a compound annual growth rate of -3.8%. The highest value was recorded in 2019 at 10 445 thousand US dollars, which also saw the largest increase of 10.9%.

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

Between 2017 and 2020, Guyana, Grenada, and Saint Lucia played notable roles as buyers of fruit and vegetable juices from Trinidad and Tobago in value terms, with shares of 17.8%, 15.8%, and 14.2%, respectively. However, their combined share of 47.8% did not dominate the 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 fruit and vegetable juices to Trinidad and Tobago

Imports in kind, M l

Trinidad and Tobago's imports of fruit and vegetable juices declined for the second consecutive year. In 2020, the country imported a total volume, indicating a robust 21.6% decrease compared to 2019. From 2017 to 2020, imports fell by 23.4%, averaging an annual decline of 8.5%. The highest import volume was in 2018 at 866.0 million liters, which also experienced the largest increase of 16.6%.

Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, M l

During 2017-2020, Panama and Belize dominated imports in volume, together capturing 81.2% of the total. The remaining imports were distributed thinly across other markets.

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 imports of fruit and vegetable juices in value terms declined for the second year in a row. In 2020, imports amounted to 16 417 thousand US dollars, showing a strong 20.5% year-over-year decrease. Over the 2017-2020 period, imports dropped by 21.6%, with an average annual decline of 7.8%. The peak value was recorded in 2018 at 21 086 thousand US dollars, which also saw a slight increase of 0.7%.

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

From 2017 to 2020, the United States, Belize, and Panama formed the core of imports in value terms, accounting for 32.4%, 29.1%, and 6.4% of imports, respectively. Together, they represented 67.9% 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