Papua New Guinea: Sugar Cane Market 2020

Sugar Cane Market Size in Papua New Guinea

The revenue of the sugar cane market in Papua New Guinea amounted to $X in 2018, coming down by -X% against the previous year. In general, sugar cane consumption continues to indicate a mild decrease. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, the sugar cane market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Sugar Cane Production in Papua New Guinea

In value terms, sugar cane production stood at $X in 2018 estimated in export prices. In general, sugar cane production continues to indicate remarkable growth. The pace of growth was the most pronounced in 2014 when production volume increased by X% against the previous year. In that year, sugar cane production attained its peak level of $X. From 2015 to 2018, sugar cane production growth remained at a somewhat lower figure.

Average yield of sugar cane in Papua New Guinea stood at X ton per ha in 2018, declining by -X% against the previous year. In general, the sugar cane yield continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The global sugar cane yield peaked at X ton per ha in 2010; however, from 2011 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of sugar cane production in Papua New Guinea stood at X ha, declining by -X% against the previous year. Over the period under review, the sugar cane harvested area continues to indicate a mild decline. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The global sugar cane harvested area peaked at X ha in 2011; however, from 2012 to 2018, harvested area stood at a somewhat lower figure.

Sugar Cane Exports

Exports by Country

In 2018, Myanmar (X tons) was the main exporter of sugar cane, making up X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), constituting 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 ($X) remains the largest sugar cane supplier from Papua New Guinea, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($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 Papua New Guinea amounted to $X per ton, remaining relatively unchanged against 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 largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), generating 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 ($X) constitutes the largest market for imported sugar cane into Papua New Guinea, comprising X% of global imports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global imports.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and Lao People's Democratic Republic (-X% per year).

Import Prices by Country

In 2018, the sugar cane import price in Papua New Guinea amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, 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 peak figure in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Lao People's Democratic Republic stood at $X per ton.

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

Source: IndexBox Platform