Saint Vincent and the Grenadines: Sugar Cane Market 2020

Sugar Cane Market Size in Saint Vincent and the Grenadines

The revenue of the sugar cane market in Saint Vincent and the Grenadines amounted to $X in 2018, stabilizing at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the sugar cane market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Sugar Cane Production in Saint Vincent and the Grenadines

In value terms, sugar cane production stood at $X in 2018 estimated in export prices. Over the period under review, sugar cane production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, sugar cane production reached its maximum level at $X in 2017, and then declined slightly in the following year.

Average yield of sugar cane in Saint Vincent and the Grenadines stood at X ton per ha in 2018, remaining constant against the previous year. Overall, the sugar cane yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when yield increased by X% y-o-y. The global sugar cane yield peaked at X ton per ha in 2007; however, from 2008 to 2018, 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.

In 2018, the total area harvested in terms of sugar cane production in Saint Vincent and the Grenadines totaled X ha, approximately reflecting the previous year. In general, the sugar cane harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, the sugar cane harvested area attained its peak level of X ha. From 2009 to 2018, the growth of the sugar cane harvested area remained at a somewhat lower figure.

Sugar Cane Exports

Exports by Country

Myanmar was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), making up 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 ($X) remains the largest sugar cane supplier from Saint Vincent and the Grenadines, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of global exports.

In Lao People's Democratic Republic, sugar cane exports increased 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 Saint Vincent and the Grenadines amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, 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

In 2018, China (X tons) represented the largest importer of sugar cane, mixing up X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), constituting a X% share of total imports.

Imports into China decreased at an average annual rate of -X% from 2007 to 2018. 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 ($X) constitutes the largest market for imported sugar cane into Saint Vincent and the Grenadines, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%.

Import Prices by Country

In 2018, the sugar cane import price in Saint Vincent and the Grenadines amounted to $X per ton, remaining constant 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 at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

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