Suriname: Sugar Cane Market 2020

Sugar Cane Market Size in Suriname

The revenue of the sugar cane market in Suriname amounted to $X in 2018, standing approx. at the previous year. In general, sugar cane consumption continues to indicate a mild setback. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Suriname sugar cane consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Sugar Cane Production in Suriname

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 a mild slump. The growth pace was the most rapid in 2016 when production volume increased by X% against the previous year. Over the period under review, sugar cane production attained its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Average yield of sugar cane in Suriname amounted to X ton per ha in 2018, therefore, remained relatively stable against the previous year. In general, the sugar cane yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when yield increased by X% year-to-year. Over the period under review, the sugar cane yield attained its maximum level at X ton per ha in 2015; however, from 2016 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, approx. X ha of sugar cane were harvested in Suriname; approximately reflecting the previous year. In general, the sugar cane harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The global sugar cane harvested area peaked in 2018 and is expected to retain its growth in the near future.

Sugar Cane Exports

Exports from Suriname

In 2018, the exports of sugar cane from Suriname totaled X kg, picking up by X% against the previous year. Overall, sugar cane exports continue to indicate a notable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. In that year, sugar cane exports attained their peak of X kg. From 2014 to 2018, the growth of sugar cane exports remained at a lower figure.

In value terms, sugar cane exports stood at $X in 2018. In general, sugar cane exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, sugar cane exports attained their peak of $X. From 2014 to 2018, the growth of sugar cane exports remained at a lower figure.

Exports by Country

In 2018, Myanmar (X tons) was the main exporter of sugar cane, mixing up X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), generating 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. From 2007 to 2018, the share of Myanmar increased by +X% percentage points, while Lao People's Democratic Republic (-X p.p.) saw their share reduced.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier from Suriname, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+X% per year) and Suriname (+X% per year).

Export Prices by Country

In 2018, the sugar cane export price in Suriname amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the sugar cane export price continues to indicate a moderate deduction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Suriname export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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 amounted to $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, constituting X% of total imports. 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 ($X) constitutes the largest market for imported sugar cane into Suriname, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports.

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

Import Prices by Country

The sugar cane import price in Suriname stood at $X per ton in 2018, flattening at the previous year. In general, the sugar cane import price continues to indicate a relatively flat trend pattern.

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 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