Bran, sharps and residues from cereal or legume processing market in Barbados

Earlier Report Observations

The market for bran, sharps and residues from cereal or legume processing in Barbados showed significant movement between 2018 and 2023. It expanded strongly in 2019, reaching a volume of 4 432 t, which represented an increase of over 15% from the previous year. This peak was followed by a sharp contraction, with the market size falling by 23% to 3 425 t in 2020 and declining a further 7% to 3 186 t in 2021.

From 2022, the market entered a period of stabilization and modest recovery. Volume grew by 5.8% to 3 371 t in 2022 and increased slightly by 2.6% to 3 460 t in 2023. Despite two consecutive years of growth, the 2023 market volume remained 22% below the high point recorded in 2019.

Production bran, sharps and residues from cereal or legume processing in Barbados

In kind, 2017-2020, t

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

In Barbados, production of bran, sharps and residues from cereal or legume processing reached 2,638 tonnes in 2020. This marked a significant decline of 33.9% compared to the previous year, 2019. Looking at the broader period from 2017 to 2020, production fell by 29.4%, which translates to an average annual decrease of 11.0%. The highest production level was recorded in 2019 at 3,992 tonnes, representing the largest increase of 14.5% during this timeframe.

Annual dynamics of production in Barbados in kind, 2017-2020, t

Exports bran, sharps and residues from cereal or legume processing from Barbados

Exports in kind, t

The export market for bran, sharps and residues from cereal or legume processing from Barbados showed considerable instability over the observed period. Exports peaked in 2017 and then dropped sharply to their lowest point in 2018, with an 833-fold difference between these two years. By 2020, exports had decreased to just 4.6 tonnes, which is 99.9% lower than the 2019 level.

Annual dynamics of product's exports from Barbados in kind, 2017-2020, t

From 2017 to 2020, Trinidad and Tobago was the dominant destination for Barbados' exports of bran, sharps and residues from cereal or legume processing in kind, accounting for 89.5% of total flows. The remaining 10.5% was distributed among various smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Barbados in kind, 2017-2020

Exports in value, K $ US

In 2020, the value of exports of bran, sharps and residues from cereal or legume processing from Barbados stood at 0.4 thousand US dollars. This represented a steep decline of 99.6% compared to 2019. Over the period from 2017 to 2020, exports decreased by 99.6%, equating to an average annual rate of decrease of 84.3%.

Annual dynamics of product's exports from Barbados in value, 2017-2020, K $ US

Throughout 2017 to 2020, Trinidad and Tobago served as the primary market for Barbados' exports of bran, sharps and residues from cereal or legume processing in value terms, consistently absorbing 90.1% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Barbados in value, 2017-2020

Imports bran, sharps and residues from cereal or legume processing to Barbados

Imports in kind, t

Imports of bran, sharps and residues from cereal or legume processing into Barbados increased for the third consecutive year in 2020. The import volume reached 791.0 tonnes, which is 79.5% higher than in 2019. Over the period from 2017 to 2020, imports grew by 150.5%, with a compound annual growth rate (CAGR) of 35.8%.

Annual dynamics of product's imports to Barbados in kind, 2017-2020, t

From 2017 to 2020, Guyana and Saint Vincent and the Grenadines together accounted for 95.0% of total imports of bran, sharps and residues from cereal or legume processing into Barbados in kind. The remaining volume was spread across smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Barbados in kind, 2017-2020

Imports in value, K $ US

The import market in value terms exhibited volatility during these years. Imports reached their lowest point in 2019 at 84.8 thousand US dollars, then surged to a peak in 2020 at 211.0 thousand US dollars, showing a 2.5-fold increase between these years. Specifically, the 2020 value represented a 148.9% increase compared to 2019. The largest decline occurred in 2019, with a drop of 22.9%.

Annual dynamics of product's imports to Barbados in value, 2017-2020, K $ US

From 2017 to 2020, Guyana and Saint Vincent and the Grenadines clearly dominated Barbados' imports of bran, sharps and residues from cereal or legume processing in value terms, jointly accounting for 82.5% of total import value. Other countries held much smaller shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Barbados in value, 2017-2020