Wheat and meslin flour and cereals market in Saint Vincent and the Grenadines

Earlier Report Observations

The market for wheat and meslin flour and cereals in Saint Vincent and the Grenadines experienced a gradual contraction in physical volume between 2018 and 2023, declining from 4 759 t to 4 296 t. In value terms, however, the market expanded by over 15%, reaching 4.5 million dollars in 2023 after a notable surge in 2022. This divergence suggests shifting price levels or changes in the product mix within the category.

Domestic production remained the primary source of supply, averaging above 15 000 t annually, though it trended downward after 2020. The country maintained a strong export orientation, with overseas shipments consistently accounting for over 70% of local output. This high export volume, coupled with a minimal and declining import flow, limited the volume available for domestic consumption, defining the market's size.

Production wheat and meslin flour and cereals in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

Following two consecutive years of decline, wheat and meslin flour and cereals production in Saint Vincent and the Grenadines has shown an increase. In 2020, the country produced 15 840 tonnes, marking a 4.8% rise compared to the previous year. Looking at the period from 2017 to 2020, overall production decreased by 11.6%, which translates to an average annual decline of 4.0%. The lowest production level was recorded in 2019 at 15 120 tonnes, while the most significant drop occurred in 2018 with a 15.3% decrease.

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

In value, 2017-2020, K $ US

After experiencing a two-year contraction, wheat and meslin flour and cereals production in Saint Vincent and the Grenadines has rebounded. In 2020, the output was valued at 12 530 thousand US dollars, reflecting a modest increase of 4.6% over 2019. Over the four-year span from 2017 to 2020, production value fell by 11.9%, averaging an annual decline of 4.1%. The lowest value was observed in 2019 at 11 974 thousand US dollars, with the steepest decline taking place in 2018 at 13.8%.

Annual dynamics of production in Saint Vincent and the Grenadines in value, 2017-2020, K $ US

Exports wheat and meslin flour and cereals from Saint Vincent and the Grenadines

Exports in kind, t

Saint Vincent and the Grenadines has seen its wheat and meslin flour and cereals export volume grow for the second year in a row. In 2020, exports reached 12 143 tonnes, representing a 9.6% increase from 2019. However, over the broader period from 2017 to 2020, export volume decreased by 8.1%, with an average annual decline of 2.8%. The lowest export volume was recorded in 2018 at 10 785 tonnes, which also saw the largest drop of 18.3%.

Annual dynamics of product's exports from Saint Vincent and the Grenadines in kind, 2017-2020, t

From 2017 to 2020, the primary destinations for wheat and meslin flour and cereals exports from Saint Vincent and the Grenadines were Saint Lucia, accounting for 24.6% of exports, Antigua and Barbuda at 18.9%, and Barbados also at 18.9%. Together, these three countries made up 62.4% of total export flows.

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, K $ US

Cross-border shipments of wheat and meslin flour and cereals from Saint Vincent and the Grenadines have increased for the second consecutive year. In 2020, exports were valued at 9 605 thousand US dollars, showing a controlled rise of 9.4% compared to 2019. Over the period from 2017 to 2020, export value decreased by 8.3%, with an average annual decline of 2.9%. The lowest value was recorded in 2018 at 8 706 thousand US dollars, which also experienced the most significant drop of 16.9%.

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

Between 2017 and 2020, the main destinations for wheat and meslin flour and cereals exports in value terms were Saint Lucia with 22.6%, Antigua and Barbuda at 21.1%, and Barbados at 19.0%. Collectively, these three markets accounted for 62.7% of total export value.

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 wheat and meslin flour and cereals to Saint Vincent and the Grenadines

Imports in kind, t

In 2020, Saint Vincent and the Grenadines imported 416 tonnes of wheat and meslin flour and cereals, representing a substantial 31.0% increase year-over-year. Over the period from 2017 to 2020, import volume grew by 64.6%, averaging an annual increase of 18.1%. The largest decline occurred in 2019 with a 9.7% drop, while the most significant increase was recorded in 2018 at 39.2%.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, t

From 2017 to 2020, the United States was the leading source of imports, accounting for 51.9% of the volume, followed by Saint Lucia at 21.7% and Canada at 14.0%. Together, these three countries represented 87.7% of total import flows.

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, K $ US

In 2020, Saint Vincent and the Grenadines imported wheat and meslin flour and cereals valued at 38.7% higher than the previous year. Over the period from 2017 to 2020, import value increased by 56.1%, with an average annual growth rate of 16.0%. The largest decline was in 2019 at 10.2%.

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

Between 2017 and 2020, the United States dominated imports in value terms with a 59.8% share, followed by Saint Lucia at 17.9% and Canada at 12.5%. These three markets together accounted for 90.1% of total import value.

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