Uncooked pasta market in Trinidad and Tobago

Earlier Report Observations

The uncooked pasta market in Trinidad and Tobago exhibited strong volatility between 2018 and 2023. Volume surged by 39% in 2019 to nearly 6 thousand tonnes, marking the highest point in the period.

Following the peak, market volume entered a multi-year decline, falling to 3 thousand tonnes by 2022. A modest recovery to 3.2 thousand tonnes occurred in 2023. In contrast, the market's value in U.S. dollars began a steady climb after 2020, growing from USD 5.4 million in 2021 to USD 6.5 million in 2023.

The divergent paths of volume and value indicate a shift toward higher-priced products or increased unit costs within the market during the latter years.

Production uncooked pasta in Trinidad and Tobago

In kind, 2017-2020, t

Top producers of uncooked pasta, 2017-2020

World map of production of uncooked pasta, 2017-2020

Following two consecutive years of growth, uncooked pasta production in Trinidad and Tobago experienced a decline. In 2019, production reached its peak at 1 171 tonnes, but then fell to 957 tonnes in 2020, representing an 18.3% decrease compared to the previous year. Over the 2017-2020 period, production overall increased by 29%, with an average annual growth rate of 8.8%. The most significant year-on-year increase occurred in 2018, when production rose by 34.1%.

Annual dynamics of production in Trinidad and Tobago in kind, 2017-2020, t

In value, 2017-2020, K $ US

After two years of expansion, the value of uncooked pasta production in Trinidad and Tobago contracted. In 2019, output reached its highest value at 1 893 thousand US dollars, but then dropped to 1 453 thousand US dollars in 2020, marking a 23.2% year-on-year decline. From 2017 to 2020, production value increased by 25.2% overall, with a compound annual growth rate of 7.8%. The largest annual increase was recorded in 2018, when production value surged by 40.8%.

Annual dynamics of production in Trinidad and Tobago in value, 2017-2020, K $ US

Exports uncooked pasta from Trinidad and Tobago

Exports in kind, t

Uncooked pasta exports from Trinidad and Tobago grew for the second year in a row. In 2018, exports hit their lowest point at 1 510 tonnes, declining by 9.3% that year. However, by 2020, exports had recovered to 1 813 tonnes, showing a 10.1% increase compared to 2019. Over the 2017-2020 period, exports rose by 8.9% overall, with an average annual growth rate of 2.9%.

Annual dynamics of product's exports from Trinidad and Tobago in kind, 2017-2020, t

Between 2017 and 2020, Barbados, Grenada, and Saint Vincent and the Grenadines were the primary destinations for Trinidad and Tobago's uncooked pasta exports in volume terms. Barbados accounted for 54.4% of exports, Grenada for 9.9%, and Saint Vincent and the Grenadines for 9.4%. Together, these three markets represented 73.7% of total export volumes during this period.

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

World map of product's exports from Trinidad and Tobago in kind, 2017-2020

Exports in value, K $ US

Cross-border shipments of uncooked pasta from Trinidad and Tobago increased for the second consecutive year. In 2018, export value reached its minimum at 2 481 thousand US dollars, falling by 4.8% that year. By 2019, exports had rebounded with a 7.3% increase, and in 2020, they totalled 2 755 thousand US dollars, up 3.5% from the previous year. From 2017 to 2020, export value grew by 5.8% overall, equivalent to an annualized rate of 1.9%.

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

From 2017 to 2020, Barbados, Grenada, and Saint Vincent and the Grenadines were the leading markets for Trinidad and Tobago's uncooked pasta exports in value terms. Barbados represented 56.2% of export value, Grenada 9.8%, and Saint Vincent and the Grenadines 9.6%. Collectively, these three countries accounted for 75.6% of total export value during this timeframe.

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

World map of product's exports from Trinidad and Tobago in value, 2017-2020

Imports uncooked pasta to Trinidad and Tobago

Imports in kind, t

Uncooked pasta imports into Trinidad and Tobago decreased in 2020. In 2018, import volume was at its lowest at 4 801 tonnes, but then surged by 33.8% in 2019 to reach a peak of 6 426 tonnes. In 2020, imports fell to 5 198 tonnes, a 19.1% drop compared to 2019.

Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, t

During the 2017-2020 period, Turkey, Mexico, and Costa Rica were the main suppliers of uncooked pasta to Trinidad and Tobago in volume terms. Turkey contributed 33.9% of imports, Mexico 23.4%, and Costa Rica 14.2%. Together, these three countries made up 71.5% of total import volumes.

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

World map of product's imports to Trinidad and Tobago in kind, 2017-2020

Imports in value, K $ US

The value of uncooked pasta imports into Trinidad and Tobago declined in 2020. In 2018, import value was at its minimum of 6 523 thousand US dollars, but then increased by 25.5% in 2019 to reach a high of 8 186 thousand US dollars. In 2020, imports contracted to 6 580 thousand US dollars, down 19.6% year-on-year. Over the 2017-2020 period, import value decreased by 5.3% overall, with a compound annual growth rate of -1.8%.

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

From 2017 to 2020, the United States, Turkey, and Costa Rica were the key sources for Trinidad and Tobago's uncooked pasta imports in value terms. The United States accounted for 23.9% of import value, Turkey for 20.7%, and Costa Rica for 16.8%. In total, these three suppliers represented 61.4% of import value during this period.

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

World map of product's imports to Trinidad and Tobago in value, 2017-2020