Market research

Rice market in Belize

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Belize's rice market volume experienced significant growth from 2018 to 2023, increasing from 12,838 t to 18,015 t. This expansion of over 40% occurred despite a temporary setback in 2020 when the market size contracted slightly to 13,494 t.

The rise in market volume was underpinned by a steady increase in domestic production, which grew from 13,375 t to 17,701 t across the period. While import levels fluctuated and exports diminished after 2020, the net supply to the local market demonstrated a clear upward trajectory, culminating in the highest recorded volume in 2023.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belize
  1. 5.1.1. Annual dynamics of production in Belize in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Belize in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production rice in Belize

In kind, 2018-2021, t

Top producers of rice, 2018-2021

Source: SHEV.io

World map of production of rice, 2018-2021

Source: SHEV.io

Rice production in Belize has increased for the third consecutive year. In 2021, the country produced 14 990 tonnes of rice, representing a 7.5% increase from the previous year. Over the period from 2018 to 2021, production grew by 12.1%, with an average annual growth rate of 3.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.9%	0.3%	7.5%	3.9%

Source: SHEV.io

Exports rice from Belize

Exports in kind, t

The market showed significant fluctuations during this period. The highest export volume was recorded in 2018, while the lowest occurred in 2021, with a peak-to-trough ratio of 3.8 times. In 2021, Belize exported 226.7 tonnes of rice, marking a sharp decline of 62.0% compared to 2020. The largest increase was observed in 2020, at 53.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(55.3%)	53.7%	(62.0%)	(36.1%)

Source: SHEV.io

From 2018 to 2021, Belize's rice exports were heavily dependent on Guatemala, which accounted for 100.0% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market experienced notable volatility during this timeframe. Export values peaked in 2018 and fell to their lowest point in 2021, with a top-to-bottom ratio of 17 times. In 2021, Belize exported rice worth 5 thousand US dollars, reflecting a year-on-year loss of 90.7%. The largest increase was recorded in 2020, at 8.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(41.8%)	8.2%	(90.7%)	(61.1%)

Source: SHEV.io

Between 2018 and 2021, Guatemala was the dominant buyer of rice from Belize, capturing 100.0% of total exports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports rice to Belize

Imports in kind, t

In 2021, Belize imported 205.3 tonnes of rice, indicating a sharp rise of 39.0% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 38.1%, with an average annual decline of 14.8%. The minimum volume was recorded in 2020 at 147.7 tonnes, while the maximum was in 2019 at 336.6 tonnes. The largest decline occurred in 2020, at 56.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.4%	(56.1%)	39.0%	(14.8%)

Source: SHEV.io

Throughout 2018 to 2021, the United States remained the primary source for Belize's rice imports in volume, accounting for 88.9% of total flows, with the remainder distributed among various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market displayed an unstable trend over this period. Import values peaked in 2019 and reached their lowest point in 2020, with a top-to-bottom ratio of 2.7 times. In 2021, Belize's rice imports amounted to 884 thousand US dollars, showing a gain of 107.1% from the year before. The minimum value was recorded in 2020 at 427 thousand US dollars, while the maximum was in 2019 at 1 161 thousand US dollars. The largest decline was observed in 2020, at 63.2%.

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