Belize: Cassava Market 2020

Cassava Market Size in Belize

The revenue of the cassava market in Belize amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, cassava consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. In that year, the cassava market reached its peak level of $X. From 2015 to 2018, the growth of the cassava market failed to regain its momentum.

Cassava Production in Belize

In value terms, cassava production totaled $X in 2018 estimated in export prices. Over the period under review, cassava production continues to indicate a buoyant increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, cassava production attained its peak level of $X. From 2012 to 2018, cassava production growth failed to regain its momentum.

Average yield of cassava in Belize totaled X ton per ha in 2018, waning by -X% against the previous year. Over the period under review, the cassava yield continues to indicate a significant downturn. The pace of growth was the most pronounced in 2010 when yield increased by X% year-to-year. The global cassava yield peaked at X ton per ha in 2007; however, from 2008 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cassava were harvested in Belize; going up by X% against the previous year. Overall, the cassava harvested area continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, the cassava harvested area reached its peak level of X ha. From 2015 to 2018, the growth of the cassava harvested area remained at a lower figure.

Cassava Exports

Exports by Country

In 2018, Thailand (X tons) represented the largest exporter of cassava, committing X% of total exports. It was distantly followed by Cambodia (X tons), constituting a X% share of total exports. Vietnam (X tons), Lao People's Democratic Republic (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Lao People's Democratic Republic (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Costa Rica experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.), Cambodia (+X p.p.) and Lao People's Democratic Republic (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Belize, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Thailand amounted to +X%. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the cassava export price in Belize amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the cassava export price continues to indicate a relatively flat trend pattern. Belize export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports into Belize

In 2018, approx. X kg of cassava were imported into Belize; increasing by X% against the previous year. In general, cassava imports, however, continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. In that year, cassava imports attained their peak of X tons. From 2011 to 2018, the growth of cassava imports failed to regain its momentum.

In value terms, cassava imports totaled $X in 2018. Over the period under review, cassava imports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, cassava imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

China prevails in cassava imports structure, amounting to X tons, which was approx. X% of total imports in 2018. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cassava imports, with a CAGR of +X% from 2007 to 2018. South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, China ($X) constitutes the largest market for imported cassava into Belize, comprising X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Belize (-X% per year).

Import Prices by Country

In 2018, the cassava import price in Belize amounted to $X per ton, declining by -X% against the previous year. Overall, the cassava import price continues to indicate a deep drop. The pace of growth was the most pronounced in 2010 when the import price increased by X% against the previous year. Belize import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

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Source: IndexBox Platform