The import of coconuts, Brazil nuts, and cashew nuts to Barbados is forecasted to grow steadily from 2024 to 2028, starting at $593.89 thousand in 2024 and reaching $650.06 thousand by 2028. In 2023, the total import value was approximately $580 thousand. This indicates a year-on-year growth rate of roughly 2-3%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be around 2.4%.
Future trends to watch for include:
- Potential changes in consumer preferences toward organic and sustainably sourced nuts.
- Global trade policies or tariffs that may affect import costs and demand in Barbados.
- Shifts in supply chain dynamics, possibly impacting availability and pricing.