Earlier Report Observations
The market for raw bovine and equine hides and skins in Grenada contracted significantly from 2018 to 2023, with total volume falling from 37 752 kg to 19 813 kg. After reaching a peak of 35 675 kg in 2019, the market entered a sustained downward trend that reduced its size by nearly half by the end of the period.
A sharp drop of over 18% occurred in 2020, followed by a slight rebound in 2021. However, the decline resumed with steeper reductions of around 17% in 2022 and 21% in 2023. Domestic production mirrored this trajectory, indicating that local output was the primary determinant of market volume throughout these years.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Grenada
- 5.1.1. Annual dynamics of production in Grenada in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in Grenada in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Grenada
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Grenada in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Grenada by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Grenada in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Grenada by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Grenada, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Grenada by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production raw bovine and equine hides and skins in Grenada
In kind, 2017-2020, kg
Top producers of raw bovine and equine hides and skins, 2017-2020
World map of production of raw bovine and equine hides and skins, 2017-2020
Grenada's production of raw bovine and equine hides and skins declined after two consecutive years of growth. In 2020, the country produced 29 020 kg, which represents an 18.2% decrease compared to the previous year. Over the four-year period from 2017 to 2020, production fell by 8.7%, with a compound annual growth rate of -3.0%. The highest production level was recorded in 2019 at 35 470 kg, which also saw the largest annual increase of 6.4%.
Annual dynamics of production in Grenada in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.9% | 6.4% | (18.2%) | (3.0%) |
Exports raw bovine and equine hides and skins from Grenada
According to market analysis, Grenada did not export any raw bovine and equine hides and skins between 2017 and 2020.
Imports raw bovine and equine hides and skins to Grenada
Imports in kind, kg
Import volumes showed significant volatility during this period. The lowest import volume was recorded in 2020 at just 134 kg, while the peak occurred in 2018 with 4 412 kg - representing a 33-fold difference between these two years. The 2020 figure marked a sharp year-over-year decline of 34.6%. The most substantial decrease happened in 2019 with a drop of 95.4%, while imports surged dramatically in 2018 with an increase of 2 710.2%.
Annual dynamics of product's imports to Grenada in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2 710.2% | (95.4%) | (34.6%) | (5.1%) |
From 2017 through 2020, the United States was overwhelmingly Grenada's primary source for raw bovine and equine hides and skins imports, accounting for 98.6% of total import volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Grenada in kind, 2017-2020
Imports in value, $ US
Import values displayed considerable fluctuation throughout the period. The lowest value was recorded in 2017, while imports reached their peak in 2019 at 4 000 US dollars - representing a 2.4-fold difference between these years. In 2020, imports totaled 2 386 US dollars, showing a steep year-over-year decline of 40.4%. The most significant increase occurred in 2018 with growth of 75.0%.
Annual dynamics of product's imports to Grenada in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 75.0% | 36.6% | (40.4%) | 12.6% |
Throughout the 2017-2020 period, the United States served as Grenada's nearly exclusive supplier of raw bovine and equine hides and skins in value terms, representing 97.5% of total import value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Grenada in value, 2017-2020
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