Groundnut oil and fractions market in Saint Vincent and the Grenadines

Earlier Report Observations

The market for groundnut oil in Saint Vincent and the Grenadines showed significant volatility from 2018 to 2023. Starting at 56 thousand kg in 2018, market volume rose to a peak of 70 thousand kg the following year.

This upward trend reversed in 2020, with the market contracting to 53 thousand kg. A recovery followed in 2021, lifting volume to 65 thousand kg, before a severe downturn in 2022 cut the market by more than half to 29 thousand kg. A partial rebound to 33 thousand kg occurred in 2023, leaving the market substantially smaller than its pre-2022 levels.

Imports remained minimal throughout the period, confirming that domestic production was the primary determinant of market size, which followed the same pattern of pronounced swings.

Production groundnut oil and fractions in Saint Vincent and the Grenadines

In kind, 2017-2020, kg

Top producers of groundnut oil and fractions, 2017-2020

World map of production of groundnut oil and fractions, 2017-2020

In 2020, Saint Vincent and the Grenadines produced 52 990 kg of groundnut oil and fractions, representing a significant 24.3% decrease compared to the previous year. Over the 2017-2020 period, production fell by 25%, with a compound annual growth rate of -9.1%. The largest increase occurred in 2019, when production rose by 26.1%.

Annual dynamics of production in Saint Vincent and the Grenadines in kind, 2017-2020, kg

Exports groundnut oil and fractions from Saint Vincent and the Grenadines

Market analysis indicates that Saint Vincent and the Grenadines did not export any groundnut oil and fractions from 2017 to 2020.

Imports groundnut oil and fractions to Saint Vincent and the Grenadines

Imports in kind, kg

The market showed an unstable trend during this period. Imports reached their lowest point in 2017 and peaked in 2018, with a 6.5-fold difference between these years. In 2020, Saint Vincent and the Grenadines imported {value_last_year} kg of groundnut oil and fractions, marking a slight 1.2% increase compared to 2019. The maximum volume was recorded in 2018 at 618.9 kg. The largest decline occurred in 2019, with a 66.0% drop, while the largest increase was in 2018, with a 553.9% rise.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, kg

From 2017 to 2020, the United States was the primary source for imports in kind, accounting for 81.3% of total flows. The remaining volume was distributed among various other destinations.

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, $ US

The data shows irregular changes, reflecting a volatile market environment. Import values dropped to their minimum in 2017 and climbed to their maximum in 2018, representing a 2.5-fold shift. In 2020, foreign supplies of groundnut oil and fractions to Saint Vincent and the Grenadines totaled 858 US dollars, indicating a modest 4.1% year-over-year increase. The highest value was recorded in 2018 at 1 262 US dollars. The largest decline was in 2019, with a 34.7% decrease, while the largest increase occurred in 2018, with a 146.9% rise.

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

During the 2017-2020 period, the United States dominated the country structure of imports in value terms, making up 81.6% of total flows. Other destinations contributed relatively small shares.

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