Market research

Soybean oilcake market in Belize

Release date: Mar 29, 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

Between 2018 and 2023, the soybean oilcake market in Belize showed overall growth, with its volume increasing from 13 008 tonnes to 15 570 tonnes. This expansion occurred alongside a dramatic shift in supply sources, as domestic production more than tripled from 4 749 tonnes to 15 514 tonnes over the period. The rising local output substantially offset a concurrent steep decline in imports, which fell from over 8 000 tonnes to just 56 tonnes.

The market's path was not linear, featuring significant volatility. After an initial rise to 14 487 tonnes in 2019, the total market volume contracted sharply to 10 677 tonnes in 2020. A strong recovery followed in 2021, bringing the market back to 14 411 tonnes. The market then stabilized near this level in 2022 before reaching its peak of 15 570 tonnes in 2023, firmly establishing domestic production as the market's dominant component.

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. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from 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 soybean oilcake in Belize

In kind, 2018-2021, t

Top producers of soybean oilcake, 2018-2021

Source: SHEV.io

World map of production of soybean oilcake, 2018-2021

Source: SHEV.io

Soybean oilcake production in Belize has increased for the third consecutive year. In 2021, Belize produced 7 738 tons of soybean oilcake, which is 12.5% higher than in 2020. Between 2018 and 2021, production grew by 62.9%, representing an annualized growth rate of 17.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	30.1%	11.3%	12.5%	17.7%

Source: SHEV.io

Exports soybean oilcake from Belize

Exports in kind, t

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Guatemala was almost the sole destination for Belize's soybean oilcake exports in kind, accounting for 100.0% of total flows.

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

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Throughout 2018–2021, Guatemala remained the dominant and nearly exclusive destination for Belize's soybean oilcake exports in value terms, with a share of 100.0%.

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 soybean oilcake to Belize

Imports in kind, t

The market showed significant volatility during this period. In 2019, imports peaked at 8 310 tons, but then dropped to their lowest point in 2020 at 3 799 tons, marking a 54.3% decline. This created a 2.2-fold difference between the peak and trough. In 2021, soybean oilcake imports to Belize rebounded sharply to 6 672 tons, representing a dramatic year-over-year increase of 75.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.6%	(54.3%)	75.6%	(6.9%)

Source: SHEV.io

From 2018 to 2021, Mexico was the primary source for Belize's soybean oilcake imports in kind, accounting for 99.5% of total flows.

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 timeframe. In 2018, import values reached their maximum, but then fell to a minimum in 2020 at 1 649 thousand US dollars, a 53.3% decline. This resulted in a 2.3-fold shift between the high and low points. In 2021, imported soybean oilcake volumes to Belize recovered to 3 666 thousand US dollars, showing a substantial year-over-year increase of 122.3%.

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