Asia-Pacific: Sugar Crop Market 2025

Sugar Crop Market Size in Asia-Pacific

The Asia-Pacific sugar crop market fell slightly to $X.3B in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Asia-Pacific

In value terms, sugar crop production amounted to $X in 2022 estimated in export price. In general, production, however, showed noticeable growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The country with the largest volume of sugar crop production was India (X tons), accounting for X% of total volume. Moreover, sugar crop production in India exceeded the figures recorded by the second-largest producer, China (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with an X% share.

In India, sugar crop production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Pakistan (X% per year).

In 2022, the average yield of sugar crops in Asia-Pacific declined modestly to X tons per ha, stabilizing at 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the sugar crop yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Asia-Pacific shrank to X ha, approximately equating 2021. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas shipments of sugar crops, which increased by X% to X tons in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, sugar crop exports fell to $X in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Myanmar represented the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Lao People's Democratic Republic (X tons), making up a X% share of total exports. Vietnam (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar crop exports from Myanmar stood at X%. At the same time, Lao People's Democratic Republic (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar crop supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Lao People's Democratic Republic, sugar crop exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Sugar Crop Imports

Imports in Asia-Pacific

In 2022, purchases abroad of sugar crops increased by X% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop imports soared to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons) represented roughly X% of total imports in 2022.

China was also the fastest-growing in terms of the sugar crops imports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sugar crops in Asia-Pacific.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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