Wood charcoal market in Saint Vincent and the Grenadines

Earlier Report Observations

The wood charcoal market in Saint Vincent and the Grenadines, measured in physical volume, experienced gradual expansion from 358 tons in 2018 to 364 tons in 2023. This growth was interrupted by a temporary contraction to 354 tons in 2022, before recovering the following year.

In value terms, the market displayed greater volatility. It rose sharply to a peak of 156 thousand US dollars in 2020, then contracted significantly to 113 thousand US dollars in 2021. Subsequent years saw a modest recovery, with the market value reaching 123 thousand US dollars by 2023.

Production wood charcoal in Saint Vincent and the Grenadines

In kind, 2017-2020, t

Top producers of wood charcoal, 2017-2020

World map of production of wood charcoal, 2017-2020

In 2020, Saint Vincent and the Grenadines produced 368.0 t of wood charcoal, showing no significant change from the previous year. The largest decline was recorded in 2018 at 0.0%, while the largest increase also occurred in 2018 at 0.0%.

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

In value, 2017-2020, K $ US

Wood charcoal production in Saint Vincent and the Grenadines increased for the second consecutive year. In 2020, the output was valued at 140.9 K $ US, marking a strong increase of 16.9% compared to the previous year. Over the period from 2017 to 2020, production rose by 13.1%, with a compound annual growth rate of 4.2%. The minimum value was recorded in 2018 at 119.8 K $ US, which also saw the largest decline of 3.9%.

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

Exports wood charcoal from Saint Vincent and the Grenadines

Exports in kind, kg

Wood charcoal exports from Saint Vincent and the Grenadines declined for the third consecutive year. In 2020, the country exported 7 688 kg of wood charcoal, indicating a decline of 23.4% compared to the previous year. From 2017 to 2020, exports decreased by 45.9%, with a compound annual growth rate of 18.5%.

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

From 2017 to 2020, Barbados and the British Virgin Islands played the leading roles in exports in kind, together accounting for 91.0% of total flows, while the remaining share was distributed among other countries.

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

Wood charcoal exports from Saint Vincent and the Grenadines declined for the third consecutive year. In 2020, exports totaled 2 944 $ US, marking a decline of 10.4% compared to 2019. Over the period from 2017 to 2020, exports decreased by 38.8%, with a compound annual growth rate of 15.1%.

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

From 2017 to 2020, Barbados and the British Virgin Islands formed a dominant pair of markets for exports in value terms, jointly accounting for 89.1% of total flows, while other countries represented the residual share.

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 wood charcoal to Saint Vincent and the Grenadines

Imports in kind, kg

The market showed volatility during these years. In 2018, wood charcoal deliveries to Saint Vincent and the Grenadines reached their minimum at 1 684 kg, with the largest decline recorded at 40.8%. By 2020, imports amounted to 6 123 kg, indicating an increase of 162.8% year-over-year, resulting in a 3.6-fold variation between the maximum in 2020 and the minimum in 2018.

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

From 2017 to 2020, the United States absorbed 89.5% of total imports in kind of wood charcoal to Saint Vincent and the Grenadines, with the balance spread across a wide range of smaller destinations.

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

The market exhibited volatility during these years. In 2018, imported wood charcoal volumes in Saint Vincent and the Grenadines bottomed at 3 163 $ US, with the largest decline recorded at 53.0%. In 2019, the largest increase was recorded at 224.2%. By 2020, imports peaked at 17 835 $ US, showing a gain of 73.9% versus the previous year, resulting in a 5.6-fold difference between the peak in 2020 and the bottom in 2018.

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

From 2017 to 2020, the United States was the almost exclusive supplier of wood charcoal to Saint Vincent and the Grenadines, accounting for 92.3% of total imports in value terms.

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