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U.S. - Sugar Cane - Market Analysis, Forecast, Size, Trends and Insights

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Oct 10, 2023

Significant Decrease in U.S. Sugar Cane Price to $663 per Ton

U.S. Sugar Cane Import Price in August 2023

In August 2023, the sugar cane price stood at $663 per ton (CIF, US), reducing by -19.4% against the previous month. Overall, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 119% m-o-m. As a result, import price attained the peak level of $1,365 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($2,173 per ton), while the price for Vietnam totaled $702 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+16.8%), while the prices for the other major suppliers experienced a decline.

U.S. Sugar Cane Import Prices By Country (USD Per Ton)

COUNTRY	Import Price of Sugar Cane in U.S. (USD per ton)
COUNTRY	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023
Mexico	338	291	440	620	1,622	1,395	N/A	N/A	N/A	N/A	N/A	N/A	2,173
Vietnam	762	966	698	740	682	713	364	714	711	683	775	794	702
Colombia	N/A	N/A	800	N/A	N/A	798	N/A	N/A	505	N/A	N/A	663	N/A
Average	859	467	532	623	1,365	749	493	731	786	609	800	822	663

U.S. Sugar Cane Imports

For the third month in a row, the United States recorded growth in purchases abroad of sugar cane, which increased by 25% to 615 tons in August 2023. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in September 2022 with an increase of 323% month-to-month.

In value terms, sugar cane imports totaled $408K (IndexBox estimates) in August 2023. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in March 2023 when imports increased by 347% m-o-m.

U.S. Sugar Cane Imports by Country

In August 2023, Vietnam (381 tons) constituted the largest supplier of sugar cane to the United States, accounting for a 62% share of total imports. Moreover, sugar cane imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (131 tons), threefold. The third position in this ranking was held by Thailand (84 tons), with a 14% share.

From August 2022 to August 2023, the average monthly growth rate of volume from Vietnam amounted to +12.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Brazil (+34.6% per month) and Thailand (+18.5% per month).

In value terms, Vietnam ($268K) constituted the largest supplier of sugar cane to the United States, comprising 66% of total imports. The second position in the ranking was taken by Brazil ($106K), with a 26% share of total imports. It was followed by Thailand, with a 4.7% share.

From August 2022 to August 2023, the average monthly rate of growth in terms of value from Vietnam totaled +11.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Brazil (+38.7% per month) and Thailand (-2.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sugar cane market in the U.S.. 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 156 - Sugar cane

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

U.S. - Sugar Cane - Market Analysis, Forecast, Size, Trends and Insights

Significant Decrease in U.S. Sugar Cane Price to $663 per Ton

U.S. Sugar Cane Import Price in August 2023

U.S. Sugar Cane Imports

U.S. Sugar Cane Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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