What is the price of sugar per kilogram/pound in Barbados today?
The retail price range for Barbados sugar is between US$ 0.52 and US$ 0.69 per kilogram or between US$ 0.23 and US$ 0.31 per pound(lb). Click here to see today's exact prices of sugar in Barbados
The retail price range in Barbados Dollar for sugar is between BBD 1.03 and BBD 1.38 per kilogram or between BBD 0.47 and BBD 0.62 per pound(lb) in Bridgetown and Holetown.
Wholesale prices
In 2024, the approximate wholesale price range for Barbados sugar is between US$ 0.36 and US$ 0.48 per kilogram or between US$ 0.16 and US$ 0.22 per pound(lb).
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Barbados Sugar Export Prices - Historical, Trends and Prediction
The export price of sugar from Barbados over the last five years has been relatively stable. In 2017, the price per kilogram was 0.57 US dollars, followed by 0.8 US dollars in 2018 and 0.78 US dollars in 2019. In 2020, the price dropped slightly to 0.79 US dollars, before decreasing further to 0.6 US dollars in 2021. The most recent data shows that the price has increased to 0.85 US dollars in 2022. Based on this trend, it is predicted that the export price of sugar from Barbados will be 0.83 US dollars in 2023 and 0.81 US dollars in 2024.The exports of sugar from Barbados are classified as:
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
Barbados Sugar Import Prices - Historical, Trends and Prediction
The import price per kilogram of sugar into Barbados over the last five years has been quite volatile. In 2017, the price was 0.57 US dollars per kg, followed by a sharp increase to 0.8 US dollars per kg in 2018. This was followed by a slight decrease to 0.78 US dollars per kg in 2019 and a further decrease to 0.79 US dollars per kg in 2020. The price then dropped to 0.6 US dollars per kg in 2021 and increased again to 0.85 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of sugar into Barbados in 2023 will be around 0.77 US dollars per kg and in 2024 will be around 0.83 US dollars per kg.Export values for Barbados sugar
The total values in export for sugar in Barbados were US$ 3,550, US$ 6,771, US$ 220 and US$ 306 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Barbados: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of sugar in other countries across Caribbean: Aruba sugar, Bahamas sugar, Barbados sugar, Cuba sugar, Dominican Republic sugar, Grenada sugar, Guadeloupe sugar, Haiti sugar, Jamaica sugar & Martinique sugar.
Barbados sugar - Production, Exports, Imports, Seasons and HS Codes
The quantity of sugar shipped by Barbados in 2020 was 588 metric tonnes. In 2019 Barbados exported 394 tonnes of sugar. Across 2019 alone, the interest in Barbados sugar (processed category) has increased, recording a change of 42.754 percent compared to the year 2018. Between 2017 and 2019, sugar's exports went down by -96.68 percent earning the nation US$0.31m for the year 2019. Barbados' sugar exports are classified as:
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter (excluding cane sugar of 1701 13) (HS code 170114)
- Refined cane or beet sugar, containing added flavouring or colouring, in solid form (HS code 170191)
- Raw beet sugar (excluding added flavouring or colouring) (HS code 170112)
- Raw cane sugar, in solid form, not containing added flavouring or colouring matter, obtained without centrifugation, with sucrose content 69° to 93°, containing only natural anhedral microcrystals (see subheading note 2.) (HS code 170113)
- Raw cane sugar (excluding added flavouring or colouring) (HS code 170111)
- Cane or beet sugar and chemically pure sucrose, in solid form (excluding cane and beet sugar containing added flavouring or colouring and raw sugar) (HS code 170199)
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Barbados sugar export values
In 2019, Barbados sold sugar with a value of 0.31m USD, a growth of 40.91% from 2018's total sugar export of 0.22m USD. The yearly increase in value of Barbados sugar between 2017 to 2018 was -96.751 percent.
The annual variation in the quantity of Barbados' sugar exports between 2017 and 2019 was -96.68 percent compared to a variation of 42.754% in the period between 2018 and 2019.
Export markets for Barbados sugar ( in '000$ )
Barbados' best performing export markets for sugar are Denmark, US, Trinidad and Tobago, Saint Vincent and the Grenadines and Saint Lucia.
Barbados bought 9,706 tonnes of sugar in 2019.