Jamaica - Country Commercial Guide
Chemicals and Related Products

This is a best prospect industry sector for this country.  Includes a market overview and trade data.

Last published date: 2021-08-14

Overview

Imports of chemicals and related products from the U.S. have been driven by demand for ethanol to satisfy Jamaica’s E10 fuel mandate and sodium hydroxide for the bauxite/alumina industry.  There is also increasing demand for pharmaceuticals, nutraceuticals, cosmetics, and jewelry.  Growth in pharmaceuticals has been driven by increased access to healthcare through the government’s no-user fee policy and the establishment of a National Health Fund, an aging population, and the increased incidence of lifestyle diseases.  Since chemicals and related products require a permit from the Ministry of Health, most U.S. investors enter the market through distributors or agents who are generally better equipped to navigate the regulatory environment.  For further information prospective exporters can reach the Ministry of Health and Wellness at 876-633-7145-6.        

Chemicals & Related Products ($ M)

2017

2018

2019

2020

Total Local Production

N/A

N/A

N/A

N/A

Total Exports

29

 43

37

35.2

Total Imports

665

 762

650

571.2

Imports from the US

359

 442

324

244.8

Total Market Size

N/A

N/A

N/A

N/A

Exchange Rates

128.36

 129.72

134.22

143.27

(total market size = (total local production + imports) - exports); *N/A indicates no data are available

Source:  STATIN

Leading Sub-Sectors

Best prospects include medications for cancer, diabetes, hypertension and respiratory diseases.  Beauty products, jewelry, disinfectants, and agricultural chemicals provide scope for growth.

Opportunities

Exporters to Jamaica will find growing opportunities for pharmaceuticals as the population ages and lifestyle diseases become more prevalent.  Demand for pharmaceuticals could also be driven by increased subscription to the National Health Fund and free access to healthcare. The National Health Fund, the government entity responsible for sourcing and distributing products to the public health sector, is a major importer of pharmaceuticals.