Puerto Rico: Sugar Crop Market 2025

Sugar Crop Market Size in Puerto Rico

After three years of growth, the Puerto Rican sugar crop market decreased by -8% to $X in 2021. In general, consumption recorded a abrupt descent. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugar Crop Production in Puerto Rico

In value terms, sugar crop production contracted markedly to $X in 2021 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of sugar crops in Puerto Rico totaled X tons per ha in 2021, approximately equating the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by 0.5% against the previous year. The global yield peaked at X tons per ha in 2015; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of sugar crops production in Puerto Rico fell modestly to X ha, therefore, remained relatively stable against the year before. Overall, the harvested area continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 34% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from Puerto Rico

In 2021, sugar crop exports from Puerto Rico totaled less than X kg, flattening at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, sugar crop exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, Germany (X tons), Canada (X tons) and the Netherlands (X tons) was the key exporter of sugar crops in the world, comprising 38% of total export. It was distantly followed by Belgium (X tons), Myanmar (X tons), Slovakia (X tons), Hungary (X tons) and Austria (X tons), together comprising a 51% share of total exports. Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, Germany (+29.3%) constituted the fastest-growing sugar crop suppliers amongst the major sugar crop exporters. At the same time, exports of sugar crop from the Netherlands (-26.2%) and Canada (-55.0%) experienced a contraction from 2012 to 2021. At the same time, Myanmar (+72.3%), Slovakia (+24.1%), Belgium (+12.8%) and Spain (+8.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of +72.3% from 2012-2021. By contrast, Hungary (-5.4%) and Austria (-57.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Myanmar, Slovakia and Belgium increased by +32, +16, +9.7 and +8.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Myanmar ($X) and Hungary ($X) were the countries with the highest levels of exports in 2021, with a combined 12% share of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of +91.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+52.1%), while the other leaders experienced more modest paces of growth.

Sugar Crop Imports

Imports into Puerto Rico

In 2021, imports of sugar crops into Puerto Rico was estimated at less than X kg, approximately mirroring the previous year's figure. In general, imports recorded a relatively flat trend pattern.

In value terms, sugar crop imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

China was the major importer of sugar crops in the world, with the volume of imports resulting at X tons, which was approx. 71% of total imports in 2021. Switzerland (X tons) held the second position in the ranking, followed by the Czech Republic (X tons). All these countries together held near 19% share of total imports. Croatia (X tons), the United States (X tons) and the Netherlands (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to sugar crop imports into China stood at +8.9%. At the same time, Switzerland (+32.9%) and the Czech Republic (+4.3%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing importer imported in the world, with a CAGR of +32.9% from 2012-2021. By contrast, Croatia (-5.0%), the Netherlands (-16.2%) and the United States (-29.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Switzerland increased by +18 and +10 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar crop importing markets into Puerto Rico were China ($X), Switzerland ($X) and the Czech Republic ($X), together accounting for 70% of total imports.

Among the main importing countries, Switzerland, with a CAGR of +24.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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