Sucrose in solid form market in Saint Lucia

Earlier Report Observations

The market volume for chemically pure sucrose in solid form in Saint Lucia showed considerable variation from 2018 to 2023. After a rise to 5 851 tonnes in 2019, consumption declined over the next two years before jumping to a high of 6 231 tonnes in 2022. A sharp reversal followed in 2023, with the market contracting to 3 265 tonnes.

Movement in total supply was primarily driven by import volatility. Local production gradually decreased from 3 291 tonnes to 2 466 tonnes across the period, making imports the key determinant of market size. Substantial import increases in 2019 and 2022 lifted overall volume, while a steep drop in imports during 3 precipitated the market's severe contraction in that year.

As a result, the market finished the period well below its 2022 peak, with the 2023 consumption level falling even lower than the 5 130 tonnes recorded at the start in 2018.

Production sucrose in solid form in Saint Lucia

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 market exhibited volatility throughout the observed period. Production volumes reached their lowest point in 2017 and peaked in 2020, showing a 4.2-fold increase between these years. In 2020, Saint Lucia produced 3 515 tons of solid sucrose, marking a 15.7% increase compared to the previous year. The largest production decline occurred in 2019 at 7.7%, while the most significant growth was recorded in 2018 with a 297.5% surge.

Annual dynamics of production in Saint Lucia in kind, 2017-2020, t

Exports sucrose in solid form from Saint Lucia

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Export volumes bottomed in 2018 and peaked in 2020, with a 6.8-fold difference between these years. In 2020, Saint Lucia exported 2 tons of solid sucrose, representing a substantial year-over-year increase of 372.4%. The lowest export volume was recorded in 2018 at 0.4 tons, which also saw the largest decline of 40.3%.

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

Between 2017 and 2020, Saint Lucia's export structure in physical terms was heavily concentrated on France, which accounted for 88.0% of total export flows, with other trading partners making up the remainder.

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

World map of product's exports from Saint Lucia in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Export values reached their lowest point in 2019 and peaked in 2020, showing a 10.4-fold increase between these years. In 2020, Saint Lucia's solid sucrose exports were valued at 14 thousand US dollars, reflecting a dramatic year-over-year growth of 935.8%. The minimum export value was recorded in 2019 at 1 thousand US dollars, which also experienced the largest decline of 55.6%.

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

From 2017 to 2020, Trinidad and Tobago and France together represented 84.5% of Saint Lucia's total export value for solid sucrose, with other countries forming a diverse but less significant portion of the export market.

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

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

Imports sucrose in solid form to Saint Lucia

Imports in kind, t

In 2020, Saint Lucia imported 1 945 tons of solid sucrose, showing a 30.9% decrease from the previous year. Between 2017 and 2020, imports declined by 38.4%, equivalent to an annualized rate of 14.9%. The lowest import volume was recorded in 2018 at 1 839 tons, which also saw the largest decline of 41.7%. The most significant import increase occurred in 2019 with a 53.0% rise.

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

During the 2017-2020 period, Saint Lucia's import structure in physical terms was strongly focused on Guatemala, which accounted for 83.7% of total import flows, with other partners supplying the remaining volume.

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

World map of product's imports to Saint Lucia in kind, 2017-2020

Imports in value, K $ US

In 2020, Saint Lucia's solid sucrose imports reached 914 thousand US dollars, reflecting a sharp 35.9% decrease from 2019. Between 2017 and 2020, import values declined by 52.2%, translating to an annualized rate of 21.8%. The largest decline occurred in 2018 at 45.8%, while the most significant increase was recorded in 2019 with a 37.8% rise.

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

From 2017 to 2020, Guatemala remained the primary source for Saint Lucia's solid sucrose imports, accounting for 80.0% of total import value, while other destinations played a much smaller role in the import structure.

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

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