India: Sugar Crop Market 2024

Sugar Crop Market Size in India

The Indian sugar crop market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sugar Crop Production in India

In value terms, sugar crop production skyrocketed to $X in 2022 estimated in export price. In general, production saw a slight reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in India totaled X tons per ha, approximately mirroring 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. The sugar crop yield peaked at X tons per ha in 2020; however, from 2021 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 India dropped to X ha, which is down by X% compared with the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then dropped in the following year.

Sugar Crop Exports

Exports from India

For the fourth consecutive year, India recorded growth in overseas shipments of sugar crops, which increased by X% to X tons in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sugar crop exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nepal (X tons), Germany (X tons) and Qatar (X tons) were the main destinations of sugar crop exports from India, with a combined X% share of total exports. Belgium, Spain, the United States, the United Arab Emirates, Ireland, Slovenia, Italy, Portugal, Hungary and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar crop exported from India were the United States ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. Spain, Nepal, the United Arab Emirates, Slovenia, Ireland, Italy, Portugal, Hungary, Qatar and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into India

In 2022, after two years of growth, there was significant decline in overseas purchases of sugar crops, when their volume decreased by X% to X tons. Overall, imports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar crop imports fell significantly to $X in 2022. Over the period under review, imports, however, posted modest growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Brazil (X tons), South Africa (X tons) and the United Arab Emirates (X kg) were the main suppliers of sugar crop imports to India, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sugar crop suppliers to India were Brazil ($X), South Africa ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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