Market research

Milk market in Barbados

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The milk market in Barbados showed considerable volatility from 2018 to 2023. Market volume peaked at 6 935 tons in 2018, then declined to 6 370 tons in 2019. A moderate recovery to 6 675 tons occurred in 2020, followed by a further rise to 6 819 tons in 2021. However, the market contracted sharply to 6 165 tons in 2022, the lowest point in the period, before stabilizing at 6 190 tons in 2023.

Changes in market size were driven by fluctuations in domestic milk production and import volumes. Local production fell from 4 799 tons in 2018 to a low of 3 978 tons in 2020, then partially recovered to 4 119 tons by 2023. Imports, which supplement domestic supply, decreased from 2 984 tons in 2018 to 2 182 tons in 2023, with a temporary spike in 2020. Milk exports from Barbados remained minimal and continued to decline, meaning nearly all production and imports were directed toward domestic consumption.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Barbados
  1. 5.1.1. Annual dynamics of production in Barbados in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Barbados in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Barbados in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Barbados by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Barbados in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Barbados by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Barbados, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Barbados by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Barbados in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Barbados by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Barbados in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Barbados by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Barbados, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Barbados by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Barbados in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Barbados by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Barbados in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Barbados by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Barbados, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Barbados by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Barbados in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Barbados by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Barbados in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Barbados by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Barbados, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Barbados by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk in Barbados

In kind, 2017-2020, t

Top producers of milk, 2017-2020

Source: SHEV.io

World map of production of milk, 2017-2020

Source: SHEV.io

Milk production in Barbados has declined for the third year in a row. In 2020, the country produced 3,978 tonnes of milk, marking a 14.6% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 18.2%, with an average annual decline of 6.5%.

Annual dynamics of production in Barbados in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.3%)	(3.0%)	(14.6%)	(6.5%)

Source: SHEV.io

Exports milk from Barbados

Exports in kind, t

Milk exports from Barbados have dropped for the second consecutive year. In 2020, exports stood at 178 tonnes, down 43.2% from 2019. Between 2017 and 2020, exports decreased by 75.2%, with an average annual decline of 37.2%. The highest export volume was recorded in 2018 at 848 tonnes, which saw an 18.1% increase. The largest decline occurred in 2019, with a 63.1% drop.

Annual dynamics of product's exports from Barbados in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.1%	(63.1%)	(43.2%)	(37.2%)

Source: SHEV.io

From 2017 to 2020, the main markets for Barbados' milk exports by volume were Antigua and Barbuda (26.1% of exports), Grenada (20.6%), and Guyana (17.9%). Together, these three countries accounted for 64.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Barbados in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

After two years of decline, milk exports from Barbados have rebounded. In 2020, exports reached 176,000 US dollars, showing a sharp increase of 55.3% compared to 2019. However, over the period from 2017 to 2020, exports decreased by 34.6%, with an average annual decline of 13.2%. The lowest value was recorded in 2019 at 114,000 US dollars, which saw a 50.6% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(14.7%)	(50.6%)	55.3%	(13.2%)

Source: SHEV.io

From 2017 to 2020, the principal destinations for Barbados' milk exports by value were Guyana (66.3% of exports), Antigua and Barbuda (10.7%), and Grenada (7.1%). Collectively, these three markets accounted for 84.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Barbados in value, 2017-2020

Source: SHEV.io

Imports milk to Barbados

Imports in kind, t

In 2020, milk imports to Barbados amounted to 2,874 tonnes, representing a 41.9% increase from the previous year. Over the period from 2017 to 2020, imports grew by 40.2%, with an average annual increase of 11.9%. The highest import volume was recorded in 2018 at 2,984 tonnes, which saw a 45.5% rise. The lowest volume was in 2019 at 2,025 tonnes, marking a 32.1% decline.

Annual dynamics of product's imports to Barbados in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	45.5%	(32.1%)	41.9%	11.9%

Source: SHEV.io

From 2017 to 2020, the three main sources for Barbados' milk imports by volume were New Zealand, the Netherlands, and Trinidad and Tobago. Together, they accounted for 59.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Barbados in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, the value of milk imports to Barbados reached 6,493,000 US dollars, reflecting a solid increase of 14.9% from the previous year. Over the period from 2017 to 2020, imports rose by 19%, with an average annual growth of 6.0%. The highest value was recorded in 2018 at 7,723,000 US dollars, which saw a 41.6% increase. The largest decline occurred in 2019, with a 26.8% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	41.6%	(26.8%)	14.9%	6.0%

Source: SHEV.io

Throughout 2017 to 2020, the main markets for Barbados' milk imports by value were New Zealand (39.6% of imports), the Netherlands (14.7%), and Trinidad and Tobago (12.3%). Together, these three countries accounted for 66.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Barbados in value, 2017-2020

Source: SHEV.io