Guyana: Sugar Cane Market 2020

Sugar Cane Market Size in Guyana

The revenue of the sugar cane market in Guyana amounted to $X in 2018, declining by -X% against the previous year. In general, sugar cane consumption continues to indicate a temperate decrease. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Guyana sugar cane consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Sugar Cane Production in Guyana

In value terms, sugar cane production totaled $X in 2018 estimated in export prices. In general, sugar cane production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Guyana sugar cane production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

In 2018, the average sugar cane yield in Guyana totaled X ton per ha, declining by -X% against the previous year. Overall, the sugar cane yield continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, the sugar cane yield attained its peak level of X ton per ha. From 2011 to 2018, the growth of the sugar cane yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Sugar cane harvested area in Guyana totaled X ha in 2018, therefore, remained relatively stable against the previous year. Overall, the sugar cane harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar cane production attained its maximum at X ha in 2011; however, from 2012 to 2018, harvested area failed to regain its momentum.

Sugar Cane Exports

Exports by Country

Myanmar represented the main exporter of sugar cane in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. It was distantly followed by Lao People's Democratic Republic (X tons), achieving 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. Myanmar (+X p.p.) significantly strengthened its position in terms of the global exports, while Lao People's Democratic Republic saw its share reduced by -X% from 2007 to 2018, respectively.

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

In Lao People's Democratic Republic, sugar cane exports expanded at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

In 2018, the sugar cane export price in Guyana amounted to $X per ton, approximately reflecting the previous year. In general, the sugar cane export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar stood at $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 main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), mixing up 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 ($X) constitutes the largest market for imported sugar cane into Guyana, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($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

The sugar cane import price in Guyana stood at $X per ton in 2018, approximately mirroring the previous year. Over the period under review, the sugar cane import price continues to indicate a relatively flat trend pattern. Guyana import price peaked at $X per ton in 2012; however, from 2013 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 totaled $X per ton.

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

Source: IndexBox Platform