In the Caribbean, 26 agribusiness projects with an FDI volume of $919.1 million were implemented between 2003 and 2020 (fDi Markets). Great economic opportunities exist through the application of technology in high-growth, high-value agro-industries.
The Caribbean is a $369 billion market with 30 million local consumers and 30 million affluent visitors to the region each year. A strong local demand for agricultural products (15 CAIPA countries import 94% of their food), combined with tourist demand for specialty products like strawberries and mushrooms, has created significant opportunities for investors.
THE CARIBBEAN HAS AN IDEAL CLIMATE
300 days of sunshine, diverse micro-climates, and rich soil conditions make the Caribbean ripe for agribusiness expansion.
BENEFITS TO INVESTING IN THE CARIBBEAN’S AGRICULTURAL SECTOR
- EXCELLENT CLIMATE
- HIGH DEMAND FOR SUPPLIES FROM THE LOCAL MARKET AND TOURISTS WITH SIGNIFICANT EXPORT OPPORTUNITIES.
- PUBLIC AND PRIVATE LAND IS AVAILABLE FOR AGRICULTURAL USE IN THE CARIBBEAN.
- INVESTORS BENEFIT FROM LOCAL AND GLOBAL PROGRAMS INVESTING IN THE CARIBBEAN’S FOOD SECURITY INITIATIVES.
AGRICULTURAL EXPORT OPPORTUNITIES
A variety of trade agreements increase the Caribbean’s agribusiness market size to $38,419 billion and 941 million customers. This has created opportunities for investors in specialty food products. For example, the Caribbean is growing the world’s finest cocoa – one of several high-value agricultural export opportunities available within the region. As another example, 1 million tonnes of sweet potatoes are produced in the Caribbean annually for export.