Grenada: Cocoa Market Overview 2020

Cocoa Market Size in Grenada

The revenue of the cocoa market in Grenada amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, cocoa consumption continues to indicate an extraordinary increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the cocoa market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Cocoa Production in Grenada

In value terms, cocoa production amounted to $X in 2018 estimated in export prices. Over the period under review, cocoa production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, cocoa production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Average yield of cocoa (beans) in Grenada stood at X kg per ha in 2018, flattening at the previous year. In general, the yield indicated a strong increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa yield increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when yield increased by X% year-to-year. Cocoa yield peaked at X kg per ha in 2013; however, from 2014 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cocoa (beans) were harvested in Grenada; increasing by X% against the previous year. Over the period under review, the total harvested area indicated a buoyant expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa harvested area increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Cocoa harvested area peaked in 2018 and is likely to see steady growth in the near future.

Cocoa Exports

Exports from Grenada

In 2018, the cocoa exports from Grenada stood at X tonnes, picking up by X% against the previous year. In general, cocoa exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, cocoa exports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, cocoa exports amounted to $X in 2018. Overall, cocoa exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. In that year, cocoa exports reached their peak of $X. From 2016 to 2018, the growth of cocoa exports remained at a somewhat lower figure.

Cocoa Imports

Imports into Grenada

In 2018, the cocoa imports into Grenada amounted to X kg, waning by -X% against the previous year. Overall, cocoa imports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2015 with a decrease of -X% against the previous year. Imports peaked at X kg in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, cocoa imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, cocoa imports attained their peak and are likely to continue its growth in the immediate term.

Source: IndexBox AI Platform