Sucrose in solid form market in Antigua and Barbuda

Earlier Report Observations

The market for chemically pure sucrose in solid form in Antigua and Barbuda showed significant volatility between 2018 and 2023. Starting at 2 066 t in 2018, the market volume fell to 1 718 t in 2019. This trend aligns with the country's broader economic shift, having phased out agricultural sugar cane production to focus on tourism and offshore financial services.

Market volume rebounded sharply to 2 171 t in 2020, a year when the local economy was impacted by the COVID-19 pandemic. Volumes then declined to 1 914 t in 2021 and 1 772 t in 2022, a period during which the government legalized medicinal cannabis production, marking a notable policy change. A modest recovery to 1 827 t was recorded in 2023.

Production sucrose in solid form in Antigua and Barbuda

In kind, 2017-2020, t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

After two years of decline, Antigua and Barbuda's production of sucrose in solid form rebounded. In 2019, production hit its lowest point at 1 178 tonnes. Then in 2020, output surged to 1 666 tonnes, marking a sharp 41.5% increase compared to the previous year. The most significant production drop occurred in 2018, when it fell by 26.6%.

Annual dynamics of production in Antigua and Barbuda in kind, 2017-2020, t

Exports sucrose in solid form from Antigua and Barbuda

Exports in kind, t

Antigua and Barbuda's exports of sucrose in solid form saw a dramatic rise in 2018, reaching 0.1 tonnes. This represented a 100.0% increase compared to 2017.

Annual dynamics of product's exports from Antigua and Barbuda in kind, 2017-2020, t

From 2017 to 2020, Antigua and Barbuda's exports of sucrose in solid form were almost entirely directed toward two markets: Mongolia and Dominica. Together, these two countries accounted for 100.0% of the total export volume during this period.

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

World map of product's exports from Antigua and Barbuda in kind, 2017-2020

Exports in value, K $ US

In 2018, the value of sucrose in solid form exports from Antigua and Barbuda was recorded at 0.0 thousand US dollars. This figure represents a 57.6% decrease compared to the previous year.

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

Between 2017 and 2020, Dominica and Mongolia formed the core of Antigua and Barbuda's sucrose in solid form exports in value terms. Combined, these two destinations accounted for 100.0% of the total export value.

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

World map of product's exports from Antigua and Barbuda in value, 2017-2020

Imports sucrose in solid form to Antigua and Barbuda

Imports in kind, t

Antigua and Barbuda's imports of sucrose in solid form declined for the second consecutive year in 2020, falling to 505.4 tonnes. This represents a 6.5% decrease year-over-year. Over the broader period from 2017 to 2020, imports dropped by 27.9%, which translates to an average annual decline of 10.3%. The highest import volume was recorded in 2018 at 846.9 tonnes, while the largest single-year decrease occurred in 2019 with a 36.2% drop. In contrast, 2018 saw the biggest increase at 20.8%.

Annual dynamics of product's imports to Antigua and Barbuda in kind, 2017-2020, t

From 2017 to 2020, Colombia, Guatemala, and Brazil were the primary sources for Antigua and Barbuda's imports of sucrose in solid form. Colombia led with 52.1% of the import volume, followed by Guatemala at 21.8%, and Brazil at 8.7%. Together, these three countries accounted for 82.6% of total imports during this period.

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

World map of product's imports to Antigua and Barbuda in kind, 2017-2020

Imports in value, K $ US

In 2020, the value of sucrose in solid form imports into Antigua and Barbuda amounted to 334.9 thousand US dollars, showing a strong 17.4% increase compared to the previous year. However, looking at the period from 2017 to 2020, import values decreased by 29.1%, averaging an annual decline of 10.8%. The lowest value was recorded in 2019 at 285.1 thousand US dollars, while the peak occurred in 2018 at 519.0 thousand US dollars. The most significant drop happened in 2019 with a 45.1% decrease.

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

Throughout 2017 to 2020, three key markets dominated Antigua and Barbuda's imports of sucrose in solid form in value terms: Colombia, Guatemala, and the United States. Together, these countries accounted for 75.9% of the total import value during this period.

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

World map of product's imports to Antigua and Barbuda in value, 2017-2020