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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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Sugar market

Sugar market: get the most recent facts and figures empowered by an Ai-driven BI tool. Info include production, trade, market prices, imports, market size, exports, companies, and consumption. There is a split by region, including Russia, Latin America, the U.S., the Middle East, China, the U.K., Africa, and EU. Market trends and forecast to 2030 are also provided in the snapshots.

Sugar - World's Largest Markets

RatingCountry
1China
2India
3United States
4Germany
5Russia

In value terms, the largest sugar markets worldwide were China, India and the United States, with a combined 33% share of the global market. Germany, Russia, Thailand, Brazil, Mexico, Indonesia, France, Pakistan, Egypt and Australia lagged somewhat behind, together comprising a further 29%.

Australia (+79.0% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while sugar market for the other global leaders experienced more modest paces of growth.

Sugar Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
South Africa352350293-8.8%
Thailand330293317-2.0%
Guatemala489526346-15.9%
Cuba358354356-0.3%
India3643344055.5%
Brazil3873744062.4%
Swaziland4915205051.4%
Mexico4834915092.7%
Average3843834032.4%

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($509 per ton), while South Africa ($293 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
United States5174706179.2%
Nigeria5535985802.4%
Japan34437350721.4%
Canada31928545018.8%
Morocco3403623511.6%
Indonesia3323453391.0%
Malaysia3313463391.2%
China3193303250.9%
South Korea3153233190.6%
Saudi Arabia3113143130.3%
Bangladesh2782822800.4%
Algeria283275278-0.9%
Iraq278263269-1.6%
Average3503473743.4%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($617 per ton), while Iraq ($269 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Sugar - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Indonesia1.31.81.69.0%
United States1.21.11.34.4%
China0.91.51.215.2%
Algeria0.60.70.71.4%
Malaysia0.60.70.66.0%

In value terms, the largest sugar importing markets worldwide were Indonesia ($1.6B), the United States ($1.3B) and China ($1.2B), with a combined 29% share of global imports. Algeria, Malaysia, Bangladesh, Nigeria, South Korea, Canada, Japan, Morocco, Saudi Arabia and Iraq lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Canada recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Sugar - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Brazil3.15.77.958.6%
India0.50.61.464.0%
Thailand1.90.91.4-14.2%
Mexico0.40.40.4-7.7%
Swaziland0.40.40.40.6%

In value terms, Brazil ($7.9B) remains the largest sugar supplier worldwide, comprising 57% of global exports. The second position in the ranking was occupied by India ($1.4B), with a 10% share of global exports. It was followed by Thailand, with a 10% share.

From 2019 to 2021, the average annual rate of growth in terms of value in Brazil totaled +58.6%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+64.0% per year) and Thailand (-14.2% per year).

Sugar - Market Forecast

Driven by increasing demand for sugar worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Sugar - Product Coverage

  • HS 170111 - Sugars; cane sugar, raw, in solid form, not containing added flavouring or colouring matter
  • HS 170112 - Sugars; beet sugar, raw, in solid form, not containing added flavouring or colouring matter
  • HS 170113 - Sugars; cane sugar, raw, in solid form, as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter
  • HS 170114 - Sugars; cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter

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 THE 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. HARVESTED AREA AND YIELD BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  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: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption, by Country, 2022–2024
    5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Harvested Area, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Yield, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Imports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    9. Imports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    10. Import Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    11. Exports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    12. Exports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    13. Export Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)

  13. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Consumption, by Country, 2024
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, by Product
    7. Average Per Capita Consumption, by Product
    8. Exports and Growth, by Product
    9. Export Prices and Growth, by Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    19. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    20. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    21. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Harvested Area, by Country, 2024
    24. Harvested Area, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Imports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Import Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    36. Exports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
    37. Export Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
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