Earlier Report Observations
From 2018 to 2020, the dried shelled peas market in Belize grew by over 1,000 tons, reaching a peak of 2,728 t in 2020. This significant expansion established a high base for domestic consumption and production.
After the peak, market volume contracted by a third in 2021 to 1,833 t. In 2022, high inflation driven by rising food and fuel prices pressured consumer demand, contributing to a slight further decline to 1,786 t. The implementation of the modernized Belize Companies Act in the same year altered the regulatory framework for businesses, including those in the agricultural sector.
The market downturn accelerated in 2023, with volume falling sharply to 804 t. Continued consumer price increases affected purchasing patterns, while a major drop in domestic production of more than 1,000 tons year-on-year was the primary driver of the overall market contraction.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Belize
- 5.1.1. Annual dynamics of production in Belize in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Belize in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Belize
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2025
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production dried shelled peas in Belize
In kind, 2018-2021, t
Top producers of dried shelled peas, 2018-2021
World map of production of dried shelled peas, 2018-2021
After two years of growth, dried shelled pea production in Belize declined. In 2021, production reached 1 748 tonnes, representing a 33.3% decrease compared to the previous year. Over the 2018-2021 period, production increased by 13.1%, with a compound annual growth rate of 4.2%. The highest production level was recorded in 2020 at 2 620 tonnes, while the largest annual increase occurred in 2019 at 31.4%.
Annual dynamics of production in Belize in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 31.4% | 29.1% | (33.3%) | 4.2% |
Exports dried shelled peas from Belize
Market reports indicate that Belize did not export any dried shelled peas between 2018 and 2021.
Imports dried shelled peas to Belize
Imports in kind, t
Belize imported 84.8 tonnes of dried shelled peas in 2021, marking a 21.5% decrease from the previous year. Over the 2018-2021 period, imports declined by 3.7%, with a compound annual growth rate of -1.2%. The peak import volume occurred in 2020 at 107.9 tonnes, which represented a 24.5% increase from 2019.
Annual dynamics of product's imports to Belize in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (1.5%) | 24.5% | (21.5%) | (1.2%) |
Between 2018 and 2021, Canada dominated Belize's dried shelled pea imports, accounting for 92.6% of total import volume.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Belize in kind, 2018-2021
Imports in value, K $ US
Belize's dried shelled pea imports increased for the third consecutive year in 2021, reaching 102.1 thousand US dollars. This represented a 10.8% increase from the previous year. Between 2018 and 2021, import value grew by 47%, equivalent to a compound annual growth rate of 13.7%.
Annual dynamics of product's imports to Belize in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.7% | 27.9% | 10.8% | 13.7% |
From 2018 to 2021, the import market was highly concentrated, with Canada accounting for 91.8% of total import value.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Belize in value, 2018-2021
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