Browse Data and Analysis

This report highlights the food processing industry, its drivers, key players, and market landscape in the Caribbean Basin. The region relies heavily on imports, and the United States is the largest supplier of food ingredients.

Caribbean imports of consumer-oriented products shrunk from $2.3 billion in 2019 to $2.1 billion in 2020 as a result of the COVID-19 pandemic, yet Caribbean retail grocery sales grew by an estimated 6 percent during the same period.

Russia, a net importer of consumer-oriented products, is the largest consumer market in Europe with almost 145 million consumers.

The Russian food processing industry is growing, driven by strong government support for domestic agricultural production and by an ambitious national goal of increasing food exports by 70 percent...

The Cayman Islands tourism industry has experienced tremendous growth during the past several years.

The Bahamas is the second largest market for U.S. consumer-oriented products in the Caribbean.

U.S. exports of consumer-oriented products to Aruba reached an all-time high of $74 million in 2016 and are on pace to reach another record level in 2017.

U.S. exports of consumer-oriented products to Trinidad and Tobago have experienced ten percent average annual growth over the past five years, reaching an all-time-high of $237.7 million in 2015.

Russia Extends Food Import Ban for 1 1/2 Years … Draft federal laws on retail trade in food products are ready for President’s signing… Tax Code amended…

Russian Ministry of Agriculture Discusses Cooperation with Hungarian AgroHoldings . . . Russian Ministry of Agriculture Ready to Continue Cooperation with Austria . . .

Russia’s stagnating economy has been the key factor affecting the domestic food market.

Russian retail sales turnover in 2014 grew by 2.5 percent year-on-year (in comparable prices) while, in value terms, the indicator reached $694 billion.