Raw cane or beet sugar in solid form market in Barbados

Earlier Report Observations

The market volume for raw cane or beet sugar in Barbados declined sharply from 12 417 tons in 2018 to 3 201 tons in 2022, a drop of over 70%. This contraction was driven by falling domestic production, which decreased from 11 669 tons to 4 439 tons over the same period.

A modest recovery occurred in 2023, with market volume rising to 3 426 tons as production increased to 6 848 tons. In 2024, severe droughts in Louisiana and Texas reduced cane sugar output in the United States, while unseasonably warm weather in the Upper Midwest lowered beet sugar forecasts, tightening global sugar supplies.

Production raw cane or beet sugar in solid form in Barbados

In kind, 2017-2020, t

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

Barbados saw a decline in raw cane or beet sugar production in solid form for the second year in a row. In 2020, the country produced 6 658 tonnes, which represents a 15.3% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 34.1%, with an average annual decline of 13.0%. The highest production level was recorded in 2018 at 11 669 tonnes, marking a 15.5% increase that year. However, the largest drop occurred in 2019, when production plummeted by 32.6%.

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

Exports raw cane or beet sugar in solid form from Barbados

Exports in kind, t

The export market for raw cane or beet sugar in solid form from Barbados experienced significant volatility between 2017 and 2020. Exports peaked in 2017 and hit their lowest point in 2019, with a dramatic 79-fold difference between these two years. In 2020, Barbados exported 585 tonnes, showing a sharp recovery with a 289.7% increase compared to 2019. The smallest export volume was recorded in 2019 at just 150 tonnes, while the steepest decline occurred in 2018, when exports fell by 97.7%.

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

From 2017 to 2020, the United Kingdom and the United States were the dominant markets for Barbados's raw cane or beet sugar exports in solid form, together accounting for 99.2% of total export volume. The remaining exports were 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

Export values for raw cane or beet sugar in solid form from Barbados showed notable fluctuations during the 2017-2020 period. The highest value was recorded in 2017, while the lowest was in 2019, with a 56-fold difference between these years. In 2020, export value reached 460 thousand US dollars, representing a substantial 283.7% increase compared to 2019. The minimum value was 120 thousand US dollars in 2019, and the largest decline occurred in 2018, when export value dropped by 96.7%.

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

Between 2017 and 2020, the United Kingdom and the United States accounted for the vast majority of Barbados's raw cane or beet sugar export value in solid form. Other markets played a much smaller role in the export structure during this period.

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

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

Imports raw cane or beet sugar in solid form to Barbados

Imports in kind, t

After two consecutive years of decline, Barbados's imports of raw cane or beet sugar in solid form increased in 2020. The country imported 625 tonnes that year, marking a 46.0% rise compared to 2019. Over the full 2017-2020 period, imports decreased by 47.6%, equivalent to an average annual decline of 19.4%. The lowest import volume was recorded in 2019 at 625 tonnes, while the largest drop occurred in 2018 with a 41.2% decrease.

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

From 2017 to 2020, Jamaica and Belize were the primary sources for Barbados's imports of raw cane or beet sugar in solid form, together representing 96.5% of total import volume. Other trading partners accounted for significantly smaller shares.

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

Following a two-year downward trend, Barbados's import value for raw cane or beet sugar in solid form rebounded in 2020. Imports totaled 571 thousand US dollars that year, showing a strong 55.2% increase compared to 2019. Over the 2017-2020 period, import value decreased by 51%, with an average annual decline of 21.2%. The lowest value was recorded in 2019 at 368 thousand US dollars, which also saw the largest decline of 47.0% that year.

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

Throughout 2017-2020, Jamaica and Belize dominated Barbados's import value for raw cane or beet sugar in solid form, jointly accounting for 94.7% of total imports. Other countries held much smaller shares in the import structure.

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

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