Market research

Wood fuel market in Saint Vincent and the Grenadines

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The wood fuel market in Saint Vincent and the Grenadines showed stable physical consumption between 2018 and 2023, with market volume remaining within a narrow range of 6 949 m³ to 7 137 m³. After reaching 7 137 m³ in 2019, volume gradually declined through 2022 before a marginal recovery to 6 957 m³ in 2023.

In monetary terms, the market experienced more significant volatility. Market value increased from $1.5 million in 2018 to a peak of $1.8 million in 2020, then fell sharply to $1.3 million in 2021. Values partially recovered to approximately $1.4 million in 2022 and 2023, reflecting changes in pricing or market structure.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Saint Vincent and the Grenadines
  1. 5.1.1. Annual dynamics of production in Saint Vincent and the Grenadines in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Saint Vincent and the Grenadines in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Saint Vincent and the Grenadines by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Saint Vincent and the Grenadines in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Saint Vincent and the Grenadines by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Saint Vincent and the Grenadines, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Saint Vincent and the Grenadines by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Saint Vincent and the Grenadines by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Saint Vincent and the Grenadines in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Saint Vincent and the Grenadines by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Saint Vincent and the Grenadines, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Saint Vincent and the Grenadines by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's exports from Saint Vincent and the Grenadines in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Saint Vincent and the Grenadines by countries, 2018-2024, m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Saint Vincent and the Grenadines in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Saint Vincent and the Grenadines by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Saint Vincent and the Grenadines, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Saint Vincent and the Grenadines by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's exports from Saint Vincent and the Grenadines in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Saint Vincent and the Grenadines by countries, 2018-2024, m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Saint Vincent and the Grenadines in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Saint Vincent and the Grenadines by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Saint Vincent and the Grenadines, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Saint Vincent and the Grenadines by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wood fuel in Saint Vincent and the Grenadines

In kind, 2017-2020, m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

Saint Vincent and the Grenadines saw its wood fuel production volume decline for the third consecutive year. In 2019, production remained virtually unchanged from the previous year. By 2020, the country produced 7,037 cubic meters of wood fuel.

Annual dynamics of production in Saint Vincent and the Grenadines in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.5%)	(0.5%)	(0.5%)	(0.5%)

Source: SHEV.io

In value, 2017-2020, K $ US

Saint Vincent and the Grenadines experienced a second consecutive year of growth in wood fuel production value. In 2018, the minimum value was recorded at 1,504 thousand US dollars. By 2020, output had increased by 11.1% year-over-year to reach 1,752 thousand US dollars. Over the period from 2017 to 2020, production rose by 11.5%, translating to an annualized growth rate of 3.7%. The largest decline occurred in 2018, at 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.4%)	4.9%	11.1%	3.7%

Source: SHEV.io

Exports wood fuel from Saint Vincent and the Grenadines

Exports in kind, m³

In 2019, wood fuel exports from Saint Vincent and the Grenadines recorded their largest increase at 3.1%. However, by 2020, deliveries had fallen to 11.82 cubic meters, marking a 34.5% decrease compared to the previous year. From 2017 to 2020, exports declined 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, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.9%)	3.1%	(34.5%)	(18.5%)

Source: SHEV.io

Between 2017 and 2020, Barbados and the British Virgin Islands dominated Saint Vincent and the Grenadines' wood fuel exports in volume, jointly accounting for 91.4% of the total. Other countries contributed to a more diversified but smaller share of exports.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

In 2019, wood fuel exports from Saint Vincent and the Grenadines saw their largest increase in value at 8.7%. By 2020, export volume had dropped to 2,944 US dollars, a reduction of 26.9% from the previous year. Over the 2017-2020 period, exports decreased by 38.8%, equating to an annualized decline of 15.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.1%)	8.7%	(26.9%)	(15.1%)

Source: SHEV.io

From 2017 to 2020, Barbados and the British Virgin Islands formed the dominant markets for Saint Vincent and the Grenadines' wood fuel exports in value terms, jointly representing 89.6% of total flows. Other countries accounted for the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Saint Vincent and the Grenadines

Imports in kind, m³

Wood fuel imports into Saint Vincent and the Grenadines showed significant fluctuations during the period. In 2017, volumes hit their lowest point, while they peaked in 2019 at 84.22 cubic meters, representing a 17-fold increase from the trough. The largest increase occurred in 2019 at 1,075.9%. By 2020, imports had sharply decreased to 17.60 cubic meters, an intense drop of 79.1% compared to 2019.

Annual dynamics of product's imports to Saint Vincent and the Grenadines in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	45.2%	1 075.9%	(79.1%)	52.8%

Source: SHEV.io

Throughout 2017-2020, imports of wood fuel into Saint Vincent and the Grenadines were heavily concentrated on the United States, which accounted for 97.9% of total volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Wood fuel import values into Saint Vincent and the Grenadines exhibited notable fluctuations. In 2017, the lowest value was recorded, while 2019 saw the peak at 36,107 US dollars, a 4.7-fold difference from the trough. The largest increase occurred in 2019 at 316.1%. By 2020, imports had fallen to 26,990 US dollars, marking a 25.3% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.6%	316.1%	(25.3%)	51.9%

Source: SHEV.io

From 2017 to 2020, the United States was the primary and nearly exclusive market for wood fuel imports into Saint Vincent and the Grenadines in value terms, accounting for 95.7% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io