Unmanufactured tobacco and refuse market in Saint Vincent and the Grenadines

Earlier Report Observations

The market volume for unmanufactured tobacco and refuse in Saint Vincent and the Grenadines experienced significant fluctuations between 2018 and 2023. After a slight dip to 113 t in 2019, the market contracted more sharply to 104 t in 2020. A moderate recovery followed in 2021, but the most notable change was a surge to 118 t in 2022, representing the highest point in the period.

Domestic production remained relatively stable throughout these years, ranging from 102 t to 104 t. The volatility in overall market size was primarily driven by variations in import volumes, which spiked to nearly 15 t in 2022 before falling back to minimal levels in 2023.

By 2023, the market volume had returned to approximately 104 t, mirroring the levels seen in 2020-2021 and closing the period with a substantial decrease from the previous year's peak.

Production unmanufactured tobacco and refuse in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of unmanufactured tobacco and refuse, 2017-2020

World map of production of unmanufactured tobacco and refuse, 2017-2020

Saint Vincent and the Grenadines saw its production volume of unmanufactured tobacco and refuse increase for the third consecutive year. In 2020, the country produced 103.6 t, showing little to no change from 2019. Over the period from 2017 to 2020, production grew by 2.6%, with a compound annual growth rate of 0.9%.

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

Exports unmanufactured tobacco and refuse from Saint Vincent and the Grenadines

Exports in kind, kg

The market exhibited significant volatility during these years. Import levels fluctuated dramatically, with a 38-fold difference between the high in 2019 and the low in 2020. In 2020, cross-border shipments of unmanufactured tobacco and refuse from Saint Vincent and the Grenadines stood at 9 kg, reflecting a sharp year-on-year fall of 97.4%. The maximum value was recorded in 2019 at 349 kg, with the largest increase of 60.5% also occurring that year.

Annual dynamics of product's exports from Saint Vincent and the Grenadines in kind, 2017-2020, kg

From 2017 to 2020, Barbados served as the primary destination for unmanufactured tobacco and refuse exports from Saint Vincent and the Grenadines, consistently accounting for 100.0% of total exports in kind.

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

World map of product's exports from Saint Vincent and the Grenadines in kind, 2017-2020

Exports in value, $ US

The market displayed volatility over the observed period. Exports peaked in 2017 and reached their lowest point in 2020, with a 10.2-fold difference between these years. In 2020, shipments of unmanufactured tobacco and refuse from Saint Vincent and the Grenadines to abroad amounted to 93 US dollars, representing a steep decline of 89.4% compared to the previous year. The largest increase was recorded in 2019 at 15.8%.

Annual dynamics of product's exports from Saint Vincent and the Grenadines in value, 2017-2020, $ US

During 2017–2020, unmanufactured tobacco and refuse from Saint Vincent and the Grenadines was supplied almost exclusively to Barbados, which absorbed 100.0% of total exports in value terms.

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

World map of product's exports from Saint Vincent and the Grenadines in value, 2017-2020

Imports unmanufactured tobacco and refuse to Saint Vincent and the Grenadines

Imports in kind, kg

Imported volumes of unmanufactured tobacco and refuse in Saint Vincent and the Grenadines declined for the second consecutive year. In 2019, the country imported 10 431 kg, which is 18.7% less than the previous year. Over the period from 2017 to 2019, imports decreased by 48.3%, with a compound annual growth rate of -19.8%.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, kg

From 2017 to 2020, the United Kingdom and China were the dominant sources for imports in kind of unmanufactured tobacco and refuse to Saint Vincent and the Grenadines, jointly accounting for 80.1% of total flows, while the remaining volume was distributed among smaller markets.

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, $ US

Foreign supplies of unmanufactured tobacco and refuse to Saint Vincent and the Grenadines declined for the second consecutive year. In 2019, imports amounted to 39 715 US dollars, constituting a year-on-year decrease of 45.0%. Over the period from 2017 to 2019, imports decreased by 48%, with a compound annual growth rate of -19.6%.

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

Throughout 2017–2020, the United Kingdom (39.0% of imports in value terms), the United States (37.6% of imports in value terms), and China (23.4% of imports in value terms) remained the main markets for imports in value terms of unmanufactured tobacco and refuse to Saint Vincent and the Grenadines, jointly taking 99.9% of total flows.

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