Sucrose in solid form market in Barbados

Earlier Report Observations

The market for chemically pure sucrose in solid form in Barbados reached its highest volume of 16 599 t in 2019, followed by a sustained contraction that brought the market size down to 9 242 t by 2023. This represented a decline of over 40% from the peak, with the most significant drop occurring between 2019 and 2021.

The broader context for sugar in Barbados has been shaped by a structural economic shift and public health dynamics. By 2024, sugar was no longer the central economic driver, as historical sugar-producing families moved into sectors like tourism. Concurrently, a high prevalence of diabetes—affecting one in five Barbadians—has altered consumer perception and likely exerted downward pressure on sugar consumption over the period.

Production sucrose in solid form in Barbados

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

The data shows irregular changes, pointing to a volatile market environment. Production reached its lowest point in 2017 and peaked in 2019, with a 2.5-fold swing between these years. In 2020, Barbados produced 6 531 tonnes of sucrose in solid form, down 21.4% year-over-year. The maximum production was recorded in 2019 at 8 304 tonnes. The largest annual increase occurred in 2018, with production jumping 116.2%.

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

Exports sucrose in solid form from Barbados

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports hit their lowest point in 2018 and peaked in 2019, changing by 2 241-fold between these years. In 2020, Barbados exported 3 tonnes of sucrose in solid form, reflecting a sharp decrease of 93.3% compared to 2019. The minimum value was recorded in 2018 at 0.0 tonnes, while the maximum was in 2019 at 45 tonnes. The largest decline occurred in 2018, falling 98.3%, and the largest increase was in 2019, soaring 224 015.0%.

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

From 2017 to 2020, the structure of exports in kind was dominated by a single market: Saint Lucia, which accounted for 90.8% of total flows.

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

There were noticeable fluctuations in market performance during this period. Export values reached their low in 2018 and peaked in 2019, varying 145-fold between these years. In 2020, Barbados exported 3 thousand US dollars of sucrose in solid form, down 87.4% compared to the previous year. The minimum value was recorded in 2018 at 0.2 thousand US dollars, and the maximum was in 2019 at 27 thousand US dollars. The largest decline occurred in 2018, dropping 94.5%, while the largest increase was in 2019, rising 14 429.9%.

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

From 2017 to 2020, Saint Lucia accounted for 76.6% of total exports in value terms, with the remaining flows distributed among a broad group of smaller countries.

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

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

Imports sucrose in solid form to Barbados

Imports in kind, t

In 2020, Barbados imported 6 601 tonnes of sucrose in solid form, down 20.9% compared to 2019. Between 2017 and 2020, imports decreased by 19.1%, equating to an annualized rate of 6.8%. The maximum value was recorded in 2019 at 8 340 tonnes. The largest increase occurred in 2019, rising 7.5%.

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

From 2017 to 2020, the United Kingdom (48.3% of imports in kind), Guatemala (22.7% of imports in kind), and Colombia (10.3% of imports in kind) consistently remained the main sources for imports in kind, together accounting for 81.3% of total flows.

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

In 2020, Barbados imported a total of value_last_year thousand US dollars of sucrose in solid form, indicating a strong drop of 15.6% year-over-year. Over the period 2017-2020, imports decreased by 21.2%, with a compound annual growth rate of 7.6%. The largest increase was recorded in 2019, rising 4.4%.

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

From 2017 to 2020, the United Kingdom (42.1% of imports in value terms), Guatemala (16.6% of imports in value terms), and the United States (9.5% of imports in value terms) continued to be the main suppliers of sucrose in solid form to Barbados, jointly forming 68.2% of total imports in value terms.

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

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