"Micronesia" region includes following countries:
Earlier Report Observations
From 2018 to 2021, sucrose production in Micronesia increased steadily, driven by the expansion of cultivated areas which boosted harvests. Production rose from 4 869 tons in 2018 to 11 429 tons in 2021, while market volume grew from 7 195 tons to 13 403 tons over the same period. Import levels fluctuated, peaking in 2019 before declining in 2021 as local output covered more of domestic demand.
In 2022, production dropped sharply to 4 046 tons, influenced by global supply disruptions including floods in Brazil that affected sugarcane plantations worldwide. Prices for sugar surged during this period, putting pressure on production costs. A partial recovery to 4 962 tons occurred in 2023 as the market adapted to continued price volatility and the after-effects of the European sugar quota removal.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2021
- 4.1.1.3. Exports, 2018-2021
- 4.1.1.4. Market size, 2018-2021
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Micronesia
- 5.1.1. Annual dynamics of production in Micronesia in kind, 2018-2023, t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Micronesia
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Kiribati in kind, 2018-2021, t
- 6.1.2.2. Dynamics of product's imports in kind to Kiribati by countries, 2018-2021, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2021
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Kiribati in value, 2018-2021, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Kiribati by countries, 2018-2021, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2021
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Kiribati, 2018-2021, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Kiribati by countries, 2018-2021, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Kiribati in kind, 2018-2021, t
- 6.2.2.2. Dynamics of product's imports in kind to Kiribati by countries, 2018-2021, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2021
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Kiribati in value, 2018-2021, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Kiribati by countries, 2018-2021, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2021
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Kiribati, 2018-2021, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Kiribati by countries, 2018-2021, $ US/t
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2021
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production sucrose in solid form in Micronesia
In kind, 2016-2019, t
Top producers of sucrose in solid form, 2016-2019
World map of production of sucrose in solid form, 2016-2019
In 2019, Micronesia produced 5,525 tonnes of solid sucrose, marking a 13.5% increase from the previous year. Looking at the period from 2016 to 2019, production overall declined by 15.1%, with a compound annual growth rate of 5.3%. The lowest production level was recorded in 2018 at 4,869 tonnes, while the highest was in 2017 with 8,779 tonnes. The most significant drop occurred in 2018, falling by 44.5%, whereas the largest rise was in 2017, up by 34.9%.
Annual dynamics of production in Micronesia in kind, 2016-2019, t
| Parameter | 2017 | 2018 | 2019 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 34.9% | (44.5%) | 13.5% | (5.3%) |
Exports sucrose in solid form from Micronesia
According to market assessments, Micronesia did not export any solid sucrose between 2016 and 2019.
Imports sucrose in solid form to Micronesia
Imports in kind, t
In 2018, Micronesia imported 2,326 tonnes of solid sucrose, which represented a 1.4% decrease from the previous year. Over the 2016-2018 period, imports grew by 16.2%, with a compound annual growth rate of 5.1%. The peak import volume was in 2017 at 2,360 tonnes, and the largest increase was also in 2017, rising by 17.9%.
Annual dynamics of product's imports to Micronesia in kind, 2016-2019, t
| Parameter | 2017 | 2018 | 2019 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 17.9% | (1.4%) | n/a | - |
From 2016 to 2019, Thailand was the primary source for solid sucrose imports into Micronesia, making up 88.6% of the total volume in kind, while other countries contributed much smaller shares.
Structure of product's imports in kind by countries, 2016-2019
World map of product's imports to Micronesia in kind, 2016-2019
Imports in value, K $ US
In 2018, Micronesia's imports of solid sucrose amounted to 1,186 thousand US dollars, down 15.8% from 2017. Over the 2016-2018 span, imports decreased by 8.1%, with a compound annual growth rate of 2.8%. The highest value was recorded in 2017 at 1,408 thousand US dollars, and the largest increase occurred that same year, up by 9.1%.
Annual dynamics of product's imports to Micronesia in value, 2016-2019, K $ US
| Parameter | 2017 | 2018 | 2019 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 9.1% | (15.8%) | n/a | - |
During 2016-2019, Thailand dominated the value of solid sucrose imports to Micronesia, accounting for 81.6% of the total, with the remainder spread among other trading partners.
Structure of product's imports in value by countries, 2016-2019
World map of product's imports to Micronesia in value, 2016-2019
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