Belize: Sugar Cane Market 2020

Sugar Cane Market Size in Belize

The revenue of the sugar cane market in Belize amounted to $X in 2018, surging by X% against the previous year. Over the period under review, sugar cane consumption continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Belize sugar cane consumption peaked in 2018 and is expected to retain its growth in the near future.

Sugar Cane Production in Belize

In value terms, sugar cane production totaled $X in 2018 estimated in export prices. Overall, sugar cane production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, sugar cane production attained its peak figure level in 2018 and is likely to see steady growth in the immediate term.

In 2018, the average sugar cane yield in Belize stood at X ton per ha, remaining constant against the previous year. In general, the sugar cane yield continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2012 when yield increased by X% year-to-year. Over the period under review, the sugar cane yield reached its maximum level at X ton per ha in 2007; however, from 2008 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of sugar cane were harvested in Belize; rising by X% against the previous year. Over the period under review, the total harvested area indicated remarkable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sugar cane harvested area increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to sugar cane production reached its maximum in 2018 and is expected to retain its growth in the near future.

Sugar Cane Exports

Exports by Country

In 2018, Myanmar (X tons) represented the major exporter of sugar cane, creating X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), committing a X% share of total exports.

Myanmar was also the fastest-growing in terms of the sugar cane exports, with a CAGR of +X% from 2007 to 2018. Lao People's Democratic Republic experienced a relatively flat trend pattern. While the share of Myanmar (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Lao People's Democratic Republic (-X p.p.) displayed negative dynamics.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier from Belize, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of global exports.

From 2007 to 2018, the average annual growth rate of value in Lao People's Democratic Republic totaled +X%.

Export Prices by Country

In 2018, the sugar cane export price in Belize amounted to $X per ton, approximately equating the previous year. Over the period under review, the sugar cane export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X% per year).

Sugar Cane Imports

Imports by Country

China represented the major importer of sugar cane in the world, with the volume of imports resulting at X tons, which was near X% of total imports in 2018. It was distantly followed by Lao People's Democratic Republic (X tons), committing a X% share of total imports.

From 2007 to 2018, average annual rates of growth with regard to sugar cane imports into China stood at -X%. At the same time, Lao People's Democratic Republic (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Lao People's Democratic Republic increased by +X% percentage points, while China (-X p.p.) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported sugar cane into Belize, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports.

In China, sugar cane imports increased at an average annual rate of +X% over the period from 2007-2018.

Import Prices by Country

In 2018, the sugar cane import price in Belize amounted to $X per ton, leveling off at the previous year. Over the period under review, the sugar cane import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sugar cane attained their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic amounted to $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform