Caribbean Basin: Retail Foods
Link to report:
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. While the decline in economic activity impacted Caribbean pocketbooks, lockdown orders (including the shuttering of all food service operations) forced a sudden shift in demand toward retail foods. Going forward, opportunities in the sector are expected to remain for U.S. suppliers seeking to take advantage of emerging retail trends.
