Milk and cream market in Saint Vincent and the Grenadines

Earlier Report Observations

The market for milk and cream in Saint Vincent and the Grenadines experienced notable fluctuations between 2018 and 2023. After starting at 1 430.6 t, market volume dipped to 1 384.6 t in 2019 before rising to a peak of 1 475.4 t in 2020. The following three years saw a consistent decline, with the market contracting to 1 355.5 t by 2023, representing an overall reduction of approximately 5%.

Domestic production showed significant variability throughout the period, with a sharp increase to 967.4 t in 2020 contributing to the market peak that year. However, production levels remained unstable in subsequent years. In parallel, imports of milk and cream trended downward, falling from 583.4 t in 2018 to 493.3 t in 2023, which placed downward pressure on the total market size.

The combined effect of volatile domestic output and steadily declining imports resulted in a shrinking market for milk and cream over the six-year period. The market's highest point in 2020 was followed by a gradual return to lower volume levels, underscoring a shift in supply dynamics without a single, sustained growth driver.

Production milk and cream in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of milk and cream, 2017-2020

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

After two years of decline, milk and cream production in Saint Vincent and the Grenadines rebounded. In 2020, the country produced 967 tonnes of milk and cream, marking a significant 19.5% increase from the previous year. Looking at the period from 2017 to 2020, production grew by 8.6%, which translates to an average annual growth rate of 2.8%. The lowest production level was recorded in 2019 at 810 tonnes, while the largest annual decline occurred in 2018 at 4.9%.

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

Exports milk and cream from Saint Vincent and the Grenadines

Market analysis indicates that Saint Vincent and the Grenadines did not export any milk or cream between 2017 and 2020.

Imports milk and cream to Saint Vincent and the Grenadines

Imports in kind, t

Milk and cream imports to Saint Vincent and the Grenadines fell for the second year in a row. In 2020, import volume stood at 508.1 tonnes, down 11.6% from the previous year. Over the 2017-2020 period, imports decreased by 12.1%, with a compound annual growth rate of -4.2%. The highest import volume was recorded in 2018 at 583.4 tonnes, while the largest annual increase occurred that same year at 0.9%.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, t

From 2017 to 2020, Germany, Belgium, and Trinidad and Tobago were the top sources for milk and cream imports to Saint Vincent and the Grenadines. Germany accounted for 53.0% of imports by volume, Belgium for 19.9%, and Trinidad and Tobago for 10.0%. Together, these three countries made up 82.9% of total import flows.

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, K $ US

In 2020, Saint Vincent and the Grenadines imported milk and cream worth 709.4 thousand US dollars, a modest 1.9% increase from the year before. The lowest import value was recorded in 2019 at 696.0 thousand US dollars, while the highest was in 2018 at 712.5 thousand US dollars. The largest annual decrease occurred in 2019, with a drop of 2.3%.

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

Between 2017 and 2020, Germany, Belgium, and the United States were the leading sources of milk and cream imports by value. Germany contributed 40.6% of the total import value, Belgium 21.6%, and the United States 11.7%. Combined, these three countries represented 74.0% of all import flows in monetary terms.

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