Crude Coconut Oil Market Overview in Grenada
In value terms, crude coconut oil production shrank rapidly to $ in 2019 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2012 to 2019, production growth remained at a somewhat lower figure.
The value of the crude coconut oil market in Grenada shrank dramatically to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.