Milled rice and broken rice market in Belize

Earlier Report Observations

The milled rice and broken rice market in Belize showed notable volume fluctuations from 2018 to 2023. The market began at 8 939 t in 2018, edged up to 9 336 t in 2019, and then contracted sharply to 7 943 t in 2020.

A steady recovery followed the 2020 low, with the market reaching 8 877 t in 2021 and 9 154 t in 2022. The most significant growth arrived in 2023, when market volume surged to 10 662 t, establishing a new peak for the period.

Domestic production, the primary source of supply, mirrored this trajectory, declining to 7 963 t in 2020 before climbing above 10 000 t by 2023. Imports and exports remained at modest levels throughout, indicating the market was largely supplied by local output.

Production milled rice and broken rice in Belize

In kind, 2018-2021, t

Top producers of milled rice and broken rice, 2018-2021

World map of production of milled rice and broken rice, 2018-2021

In Belize, production of milled rice and broken rice reached 8,741 tonnes in 2021, marking a modest increase of 9.8% from the previous year. Looking at the broader period from 2018 to 2021, overall production declined by 3.3%, which translates to an average annual decrease of 1.1%. The lowest production level was recorded in 2020 at 7,963 tonnes, while the peak occurred in 2019 with 9,354 tonnes. The most significant drop in production was observed in 2020, when it fell by 14.9%.

Annual dynamics of production in Belize in kind, 2018-2021, t

Exports milled rice and broken rice from Belize

Exports in kind, t

Exports of milled rice and broken rice from Belize continued to decline for the third year in a row. In 2021, Belize exported just 1.5 tonnes, representing a dramatic decrease of 98.9% compared to 2020. Over the four-year span from 2018 to 2021, exports plummeted by 99.6%, with a compound annual growth rate (CAGR) of -83.8%.

Annual dynamics of product's exports from Belize in kind, 2018-2021, t

From 2018 to 2021, Belize's exports of milled rice and broken rice were almost entirely directed to Guatemala, which accounted for 100.0% of the total export volume.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Belize in kind, 2018-2021

Exports in value, K $ US

The value of milled rice and broken rice exports from Belize fell for the third consecutive year. In 2021, exports were valued at 0.8 thousand US dollars, showing a sharp decline of 98.1% from the previous year. Between 2018 and 2021, export values dropped by 98.6%, with a compound annual growth rate (CAGR) of -75.7%.

Annual dynamics of product's exports from Belize in value, 2018-2021, K $ US

Throughout the period from 2018 to 2021, Belize's export revenue from milled rice and broken rice was overwhelmingly concentrated on Guatemala, which made up 100.0% of the total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Belize in value, 2018-2021

Imports milled rice and broken rice to Belize

Imports in kind, t

After two years of decline, imports of milled rice and broken rice into Belize rebounded in 2021. Belize imported 138.0 tonnes that year, reflecting a strong increase of 19.3% compared to 2020. However, over the full period from 2018 to 2021, imports decreased by 47.8%, with a compound annual growth rate (CAGR) of -19.5%. The lowest import volume was recorded in 2020 at 115.7 tonnes, while the largest decline occurred in 2019, when imports fell by 45.0%.

Annual dynamics of product's imports to Belize in kind, 2018-2021, t

Between 2018 and 2021, the United States dominated Belize's imports of milled rice and broken rice in volume terms, holding an 82.9% share of total imports. The remaining portion was distributed among various smaller trading partners.

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

Following a two-year downturn, the value of milled rice and broken rice imports into Belize rose in 2021. Belize imported goods worth 289.1 thousand US dollars that year, indicating a substantial increase of 30.2% from 2020. Despite this uptick, imports over the 2018-2021 period decreased by 32.3%, with a compound annual growth rate (CAGR) of -12.2%. The lowest import value was recorded in 2020 at 222.0 thousand US dollars, which also saw the steepest decline of 32.1%.

Annual dynamics of product's imports to Belize in value, 2018-2021, K $ US

From 2018 to 2021, the United States was the leading source for Belize's imports of milled rice and broken rice in value terms, capturing 86.6% of the total import value. Other countries collectively accounted for the remainder.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Belize in value, 2018-2021