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World - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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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
Rating | Country |
---|---|
1 | China |
2 | India |
3 | United States |
4 | Germany |
5 | Russia |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
South Africa | 352 | 350 | 293 | -8.8% |
Thailand | 330 | 293 | 317 | -2.0% |
Guatemala | 489 | 526 | 346 | -15.9% |
Cuba | 358 | 354 | 356 | -0.3% |
India | 364 | 334 | 405 | 5.5% |
Brazil | 387 | 374 | 406 | 2.4% |
Swaziland | 491 | 520 | 505 | 1.4% |
Mexico | 483 | 491 | 509 | 2.7% |
Average | 384 | 383 | 403 | 2.4% |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
United States | 517 | 470 | 617 | 9.2% |
Nigeria | 553 | 598 | 580 | 2.4% |
Japan | 344 | 373 | 507 | 21.4% |
Canada | 319 | 285 | 450 | 18.8% |
Morocco | 340 | 362 | 351 | 1.6% |
Indonesia | 332 | 345 | 339 | 1.0% |
Malaysia | 331 | 346 | 339 | 1.2% |
China | 319 | 330 | 325 | 0.9% |
South Korea | 315 | 323 | 319 | 0.6% |
Saudi Arabia | 311 | 314 | 313 | 0.3% |
Bangladesh | 278 | 282 | 280 | 0.4% |
Algeria | 283 | 275 | 278 | -0.9% |
Iraq | 278 | 263 | 269 | -1.6% |
Average | 350 | 347 | 374 | 3.4% |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Indonesia | 1.3 | 1.8 | 1.6 | 9.0% |
United States | 1.2 | 1.1 | 1.3 | 4.4% |
China | 0.9 | 1.5 | 1.2 | 15.2% |
Algeria | 0.6 | 0.7 | 0.7 | 1.4% |
Malaysia | 0.6 | 0.7 | 0.6 | 6.0% |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Brazil | 3.1 | 5.7 | 7.9 | 58.6% |
India | 0.5 | 0.6 | 1.4 | 64.0% |
Thailand | 1.9 | 0.9 | 1.4 | -14.2% |
Mexico | 0.4 | 0.4 | 0.4 | -7.7% |
Swaziland | 0.4 | 0.4 | 0.4 | 0.6% |
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
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:
- USA
- 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
+ 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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Harvested Area, By Country, 2012-2024
- Yield, By Country, 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Harvested Area, By Country, 2024
- Harvested Area, By Country, 2012-2024
- Yield, By Country, 2012-2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
This report provides an in-depth analysis of the global sugar market.
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
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.
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The global sugar market revenue amounted to $99.9B in 2017, increasing by 13% against the previous year. This figure refle...
The global sugar market is undergoing significant changes with updated U.S. supply and demand estimates for 2023/24. Discover key insights into production increases, import adjustments, and future projections.
Discover the top import markets for sugar worldwide and the key statistics behind these markets. Learn about the leading countries importing sugar and their import values. Stay informed about the global sugar trade trends.
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>