El Salvador: Sugar Cane Market 2020

Sugar Cane Market Size in El Salvador

The revenue of the sugar cane market in El Salvador amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated temperate growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sugar cane consumption decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, the sugar cane market attained its peak level of $X. From 2017 to 2018, the growth of the sugar cane market remained at a lower figure.

Sugar Cane Production in El Salvador

In value terms, sugar cane production totaled $X in 2018 estimated in export prices. Over the period under review, sugar cane production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when production volume increased by X% year-to-year. In that year, sugar cane production attained its peak level of $X. From 2017 to 2018, sugar cane production growth remained at a somewhat lower figure.

In 2018, the average sugar cane yield in El Salvador totaled X ton per ha, approximately equating the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2009 when yield increased by X% against the previous year. The global sugar cane yield peaked at X ton per ha in 2013; however, from 2014 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, the sugar cane harvested area in El Salvador amounted to X ha, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when harvested area increased by X% y-o-y. The global sugar cane harvested area peaked in 2018 and is expected to retain its growth in the near future.

Sugar Cane Exports

Exports from El Salvador

Sugar cane exports from El Salvador amounted to X kg in 2018, coming down by -X% against the previous year. In general, sugar cane exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, sugar cane exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, sugar cane exports totaled $X in 2018. Over the period under review, sugar cane exports continue to indicate a sharp drop. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. El Salvador exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Myanmar was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), mixing up a X% share of total exports.

Myanmar was also the fastest-growing in terms of the sugar cane exports, with a CAGR of +X% from 2007 to 2018. Lao People's Democratic Republic experienced a relatively flat trend pattern. From 2007 to 2018, the share of Myanmar increased by +X% percentage points, while Lao People's Democratic Republic (-X p.p.) saw their share reduced.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier from El Salvador, comprising X% of global exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of global exports.

From 2007 to 2018, the average annual rate of growth in terms of value in Lao People's Democratic Republic stood at +X%. In the other countries, the average annual rates were as follows: Myanmar (+X% per year) and El Salvador (-X% per year).

Export Prices by Country

In 2018, the sugar cane export price in El Salvador amounted to $X per ton, increasing by X% against the previous year. Overall, the sugar cane export price, however, continues to indicate a noticeable drop. The pace of growth appeared the most rapid in 2016 when the export price increased by X% year-to-year. Over the period under review, the export prices for sugar cane reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X% per year).

Sugar Cane Imports

Imports by Country

In 2018, China (X tons) represented the largest importer of sugar cane, mixing up X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), comprising a X% share of total imports.

From 2007 to 2018, average annual rates of growth with regard to sugar cane imports into China stood at -X%. At the same time, Lao People's Democratic Republic (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. While the share of Lao People's Democratic Republic (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported sugar cane into El Salvador, comprising X% of global imports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of global imports.

In China, sugar cane imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (-X% per year) and El Salvador (X% per year).

Import Prices by Country

The sugar cane import price in El Salvador stood at $X per ton in 2018, remaining constant against the previous year. Overall, the sugar cane import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sugar cane attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic totaled $X per ton.

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

Source: IndexBox Platform