Roots And Tubers Market Overview in Belize
In value terms, roots and tubers production reduced to $ in 2019 estimated in export prices. Overall, production showed a perceptible descent. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2016 to 2019, production growth remained at a somewhat lower figure.
In 2019, the average roots and tubers yield in Belize reduced to tonnes per ha, dropping by -% compared with 2018 figures. In general, the yield recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2010 when the yield increased by % year-to-year. Over the period under review, the average roots and tubers yield reached the maximum level at tonnes per ha in 2014; however, from 2015 to 2019, the 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 2019, the roots and tubers harvested area in Belize expanded sharply to ha, picking up by % compared with 2018. Over the period under review, the total harvested area indicated a resilient expansion from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, roots and tubers harvested area increased by +% against 2016 indices. The growth pace was the most rapid in 2008 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to roots and tubers production attained the maximum in 2019 and is expected to retain growth in the immediate term.
The size of the roots and tubers market in Belize totaled $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.
From 2007 to 2017, the average annual rate of growth in terms of the volume of consumption of cassava stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: sweet potato (+% per year) and yams (-% per year).
In value terms, cassava ($) led the market, alone. The second position in the ranking was occupied by sweet potato ($). It was followed by yams.
From 2007 to 2017, the average annual rate of growth in terms of the market volume of cassava stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: sweet potato (+% per year) and yams (-% per year).