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Friday, 27 February 2015

Caribbean basin: big growth in island markets

Amidst the backdrop of lackluster economic performance in the Caribbean, improving economic conditions in advanced economies (namely the United States & Europe) continue to generate a growing influx of tourists to the Caribbean islands. More tourists are staying longer in the region, in the process generating greater demand for U.S. food and beverage products. In 2014 (Jan-Nov) U.S. exports of consumer-oriented agricultural products to the Caribbean increased by five percent and are well on the way to setting a new record for the category as it nears the USD 1 billion mark.

 

Source: fas.usda.gov

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