Market research

Palm-kernel oilcake market in Caribbean

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Caribbean" region includes following countries:

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The palm-kernel oilcake market in the Caribbean saw consistent expansion from 5 641 t in 2018 to 7 304 t in 2022, a growth of nearly 30% over five years. This rise was primarily supported by increasing domestic production, which grew from 5 600 t to 7 200 t during the same period, indicating strong underlying output capacity.

Import volumes contributed to market growth in certain years, notably in 2022 when inflows reached 112 t. This supplemental supply helped push the total market volume to its peak. By 2023, the market stabilized at 7 203 t, a slight adjustment from the previous year as production held steady and trade flows normalized.

The overall period from 2018 to 2023 was characterized by a robust upward trend in market volume, with the most significant gains occurring between 2020 and 2022. The market maintained a high level above 7 200 t in the final year, reflecting a mature phase following several years of growth.

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 Caribbean
  1. 5.1.1. Annual dynamics of production in Caribbean in kind, 2018-2023, t
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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Antigua and Barbuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Antigua and Barbuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Antigua and Barbuda in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Antigua and Barbuda by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Antigua and Barbuda, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Antigua and Barbuda by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Antigua and Barbuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Antigua and Barbuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Antigua and Barbuda in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Antigua and Barbuda by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Antigua and Barbuda, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Antigua and Barbuda by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, $ 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 palm-kernel oilcake in Caribbean

In kind, 2017-2020, t

Top producers of palm-kernel oilcake, 2017-2020

Source: SHEV.io

World map of production of palm-kernel oilcake, 2017-2020

Source: SHEV.io

Caribbean's palm-kernel oilcake production rose for the second year in a row. In 2020, the region produced 6 400 tonnes, marking a 6.7% increase from 2019. Looking at the period from 2017 to 2020, production grew by 14.3%, with an average annual growth rate of 4.6%. The largest decline occurred in 2018, when production remained unchanged. In contrast, 2019 saw the biggest jump, with a 7.1% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.0%	7.1%	6.7%	4.6%

Source: SHEV.io

Exports palm-kernel oilcake from Caribbean

According to market research, there were no exports of palm-kernel oilcake from the Caribbean between 2017 and 2020.

Imports palm-kernel oilcake to Caribbean

Imports in kind, kg

In 2020, Caribbean imports of palm-kernel oilcake totaled 25 016 kg, a sharp 50.0% drop from 2019. Over the period from 2018 to 2020, imports fell by 37.7%, which translates to an average annual decline of 14.6%. The highest import volume was recorded in 2019 at 50 040 kg, which also represented the largest increase of 24.6%.

Annual dynamics of product's imports to Caribbean in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	24.6%	(50.0%)	-

Source: SHEV.io

From 2017 to 2020, the import structure for palm-kernel oilcake in the Caribbean was dominated by Colombia and Mexico, which together accounted for 96.4% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Caribbean's palm-kernel oilcake imports in value terms declined for the second consecutive year. In 2020, imports amounted to 4 536 US dollars, a steep 65.1% decrease compared to 2019. Between 2018 and 2020, import value dropped by 93.7%, averaging an annual decline of 60.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(81.9%)	(65.1%)	-

Source: SHEV.io

Between 2017 and 2020, the main sources for palm-kernel oilcake imports to the Caribbean in value terms were Mexico (49.5% of imports), Colombia (14.6%), and the United States (5.1%). Together, these three countries made up 69.2% 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 Caribbean in value, 2017-2020

Source: SHEV.io