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World - Sugar - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2025

World - Sugar - Market Analysis, Forecast, Size, Trends And Insights

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Aug 13, 2021

Global Sugar Production to Grow Tangibly This Year, Keeping Prices Stable

IndexBox has just published a new report: 'World - Sugar - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.

Key Trends and Insights

According to IndexBox estimates based on USDA data, global sugar production will increase by +3% y-o-y to 193M tons in 2021, driven by high demand from China and India. The economy's gradual recovery after the pandemic and the relative normalization of the catering and food service sector are contributing to the growth of worldwide demand.

Sugar production in the U.S. will remain at its 2020 rate to the end of this year and will amount to 8.7M tons. Strong growth in America's sugar beet crop should offset the expected decline in sugar cane production in Louisiana.

Due to a prolonged drought, the sugarcane crop in Mexico may decline slightly to 7.5M tons, while in Australia favorable weather conditions will boost production by +1.5% y-o-y to 4.6M tons.

Production in Brazil will fall by -5% y-o-y to 26M tons due to dry weather and wildfires, as well as the decrease in sugar cane planted in favor of soybeans and corn.

An increase in harvest compared to last year is expected in Guatemala (by +3% to 3.1M tons), India (by +3% to 36M tons), Indonesia (by +3% to 2.3M tons), Pakistan (by +14%to 6.6M tons), Thailand (by +39% to 25M tons), and Russia (by +6% to 7.5M tons).

In the EU, sugar production is forecasted to increase by +7% to 19M tons this year. This will most likely be facilitated by the removal of bans on the use of neonicotinoids in France and Germany. Sugar beet seeds will be allowed to be coated with the substance to protect against the yellow beet virus, which would ensure high yields. In the UK, the approval to use neonicotinoids should increase yields by +11% to 1.2M tons.

Global sugar exports will increase by +2.6% to 39M tons. A decrease in exports from Brazil will be offset by growth in supplies from Thailand. Russian sugar exports are expected to decline by approx. 390K tons due to decreases in shipments to Kazakhstan and Uzbekistan amid falling demand for imported sugar in these countries.

According to USDA forecasts, global sugar prices in the current year and the first half of 2022 will remain stable at $0.44 per kg. This will be due to an increase in the sugar supply on the world market, despite the decline in production in some above-mentioned countries.

Global Sugar Exports by Country

In 2020, global exports of sugar skyrocketed to 35M tons, increasing by +23% compared with 2019 figures. In value terms, sugar exports rose remarkably to $10.4B in 2020.

Brazil prevails in sugar export structure, amounting to 27M tons, which was approx. 75% of total exports in 2020. Thailand (3M tons) held the second position in the ranking, followed by India (1.7M tons). All these countries together took near 13% share of total exports. The following exporters - Guatemala (824K tons), South Africa (671K tons) and El Salvador (532K tons) - each finished at a 5.7% share of total exports.

Brazil was also the fastest-growing country in terms of sugar exports (+66.9% y-o-y) in 2020. At the same time, India (+21.3%) and El Salvador (+3.5%) also displayed positive paces of growth. By contrast, Guatemala (-19.6%), Thailand (-20.9%) and South Africa (-31.0%) illustrated a downward trend over the same period.

In value terms, Brazil ($7.4B) remains the largest sugar supplier worldwide, comprising 71% of global exports. The second position in the ranking was occupied by Thailand ($885M), with an 8.5% share of global exports. It was followed by India, with a 5.4% share.

Largest Sugar Importers Worldwide

Indonesia (5.3M tons) and China (4.7M tons) represented roughly 42% of total imports of sugar in 2020. The U.S. (2.3M tons) took a 9.9% share (based on tons) of total imports, which put it in second place, followed by Malaysia (8.8%), India (8.5%) and South Korea (7.8%). Japan (1,049K tons), the UK (528K tons), South Africa (385K tons) and Taiwan (Chinese) (384K tons) held a little share of total imports.

In value terms, the largest sugar importing markets worldwide were Indonesia ($1.8B), China ($1.5B) and the U.S. ($1.3B), with a combined 49% share of global imports. These countries were followed by Malaysia, India, South Korea, Japan, South Africa, the UK and Taiwan (Chinese), which together accounted for a further 31%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global sugar market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 162 - Sugar, Raw Centrifugal
  • FCL 163 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

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