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

Earlier Report Observations

The market for bran, sharps and residues from cereal or legume processing in the Caribbean showed considerable movement between 2018 and 2023. Starting at 516 thousand tons in 2018, market volume dipped to 497 thousand tons the following year. A severe contraction then occurred in 2020, with the market falling to 325 thousand tons.

A partial recovery followed in 2021, lifting the market to 353 thousand tons. The market then stabilized over the next two years, recording 347 thousand tons in 2022 and a nearly identical 348 thousand tons in 2023, establishing a new baseline well below pre-2020 levels.

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

In kind, 2017-2020, K 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

Caribbean production of bran, sharps, and residues from cereal or legume processing has declined for the second year in a row. In 2020, the region produced 316.0 K t, marking a 32.9% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 34.3%, with an average annual decline of 13.1%. The peak was in 2018, with 489.3 K t produced, which saw the largest increase of 1.7% that year.

Annual dynamics of production in Caribbean in kind, 2017-2020, K t

In value, 2017-2020, K $ US

The value of bran, sharps, and residues from cereal or legume processing produced in the Caribbean also dropped for the second consecutive year. In 2020, output was valued at 59 178 K $ US, a 29.2% loss compared to 2019. From 2017 to 2020, production value decreased by 21.2%, translating to an annualized rate of 7.7%. The highest value was recorded in 2018 at 88 694 K $ US, which experienced the largest increase of 18.0% that year.

Annual dynamics of production in Caribbean in value, 2017-2020, K $ US

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

Exports in kind, t

Export volumes of bran, sharps, and residues from cereal or legume processing from the Caribbean continued to decline for the second year. In 2020, exports totaled 10 725 t, down 12.7% from the previous year. Between 2017 and 2020, exports fell by 22%, with an average annual decrease of 7.9%. The maximum volume was in 2018 at 15 556 t, which saw the largest increase of 13.1%. The largest decline occurred in 2019, with a drop of 21.0%.

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

From 2017 to 2020, the top buyers of bran, sharps, and residues from cereal or legume processing from the Caribbean were Suriname (1.3% of exports in kind), Ecuador (1.1% of exports in kind), and the United States (0.9% of exports in kind). Together, these three markets accounted for 3.3% of total exports in kind.

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

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

Exports in value, K $ US

The value of Caribbean exports of bran, sharps, and residues from cereal or legume processing also fell for the second consecutive year. In 2020, exports amounted to 2 009 K $ US, a moderate decline of 7.8% year-over-year. Over the 2017-2020 period, export value decreased by 6.5%, with a compound annual growth rate of -2.2%. The peak was in 2018 at 2 820 K $ US, which recorded the largest increase of 31.3%. The largest decline was in 2019, with a 22.7% drop.

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

During 2017-2020, the three largest markets for Caribbean exports in value terms were Suriname, Ecuador, and the United States, collectively representing 4.0% of total export flows.

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

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

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

Imports in kind, t

Imports of bran, sharps, and residues from cereal or legume processing into the Caribbean declined for the second year in a row. In 2020, imports totaled 22 089 t, down 47.5% from the previous year. From 2017 to 2020, imports decreased by 48.1%, with an average annual decline of 19.6%. The highest volume was in 2018 at 42 089 t, which saw the largest increase of 8.3% that year.

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

In the 2017-2020 period, the main sources of imports in kind for bran, sharps, and residues from cereal or legume processing to the Caribbean were the United States (47.0% of imports in kind), Congo (7.7% of imports in kind), and Guyana (3.8% of imports in kind). Together, these three countries accounted for 58.5% of total import flows.

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

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

Imports in value, K $ US

After two years of growth, imports of bran, sharps, and residues from cereal or legume processing into the Caribbean declined. In 2020, imports were valued at 4 427 K $ US, a decrease of 44.9% from the previous year. Between 2017 and 2020, import value fell by 31.6%, equating to an annualized rate of 11.9%. The maximum value was in 2019 at 8 032 K $ US, while the largest increase occurred in 2018 with a rise of 22.2%.

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

From 2017 to 2020, the leading sources of imports in value terms for the Caribbean were the United States (51.1% of imports in value terms), Belize (3.9% of imports in value terms), and Guyana (3.9% of imports in value terms). Combined, these three countries represented 59.0% of total import flows.

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

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