Latin America and the Caribbean: Refined White Cane Sugar Market 2020

Refined White Cane Sugar Market Size in Latin America and the Caribbean

The revenue of the refined white cane sugar market in Latin America and the Caribbean amounted to $X in 2017, rising by X% against the previous year. The refined white cane sugar consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2011, when market value increased by X% year-to-year. Over the period under review, the refined white cane sugar market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Refined White Cane Sugar Production in Latin America and the Caribbean

In 2017, production of refined white cane or beet sugar in solid form in Latin America and the Caribbean totaled X tons, stabilizing at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. The volume of refined white cane sugar production peaked in 2017, and is likely to continue its growth in the near future.

Refined White Cane Sugar Exports in Latin America and the Caribbean

In 2017, the amount of refined white cane or beet sugar in solid form exported in Latin America and the Caribbean totaled X tons, declining by -X% against the previous year. The refined white cane sugar exports continue to indicate a temperate reduction. The most prominent rate of growth was recorded in 2013, with an increase of X% against the previous year. Over the period under review, the refined white cane sugar exports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, refined white cane sugar exports stood at $X in 2017. The total exports indicated a measured expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the refined white cane sugar exports increased by +X% against 2015 indices. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Refined White Cane Sugar Exports by Country in Latin America and the Caribbean

Brazil dominates refined white cane sugar exports structure, reaching X tons, which was near X% of total exports in 2017. It was distantly followed by Colombia (X tons), Guatemala (X tons) and Mexico (X tons), together comprising X% share of total exports. The following exporters - Argentina (X tons) and Nicaragua (X tons) each accounted for a X% share of total exports.

Exports from Brazil decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Guatemala (+X%) and Nicaragua (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Colombia (-X%), Argentina (-X%) and Mexico (-X%) illustrated a downward trend over the same period. Brazil (X%) and Mexico (X%) significantly strengthened its position in terms of the global exports, while Nicaragua and Guatemala saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest refined white cane sugar supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of global exports. It was followed by Colombia, with a X% share.

In Brazil, refined white cane sugar exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Colombia (+X% per year).

Refined White Cane Sugar Export Prices by Country in Latin America and the Caribbean

The refined white cane sugar export price in Latin America and the Caribbean stood at $X per ton in 2017, coming up by X% against the previous year. The export price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the refined white cane sugar export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% against the previous year. Over the period under review, the export prices for refined white cane or beet sugar in solid form attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Guatemala ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Refined White Cane Sugar Imports in Latin America and the Caribbean

The imports stood at X tons in 2017, jumping by X% against the previous year. The refined white cane sugar imports continue to indicate a pronounced deduction. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, refined white cane sugar imports stood at $X in 2017. The refined white cane sugar imports continue to indicate a relatively flat trend pattern. Over the period under review, the refined white cane sugar imports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Refined White Cane Sugar Imports by Country in Latin America and the Caribbean

In 2017, Chile (X tons), distantly followed by Peru (X tons), Mexico (X tons), Jamaica (X tons), Uruguay (X tons), Ecuador (X tons) and Colombia (X tons) represented the major importers of refined white cane or beet sugar in solid form, together making up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ecuador (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Ecuador, Jamaica, Uruguay and Colombia lagged somewhat behind, together accounting for a further X%.

Ecuador (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Refined White Cane Sugar Import Prices by Country in Latin America and the Caribbean

The refined white cane sugar import price in Latin America and the Caribbean stood at $X per ton in 2017, surging by X% against the previous year. The import price indicated a moderate growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, when the import prices increased by X% against the previous year. Over the period under review, the import prices for refined white cane or beet sugar in solid form attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Ecuador ($X per ton) and Mexico ($X per ton), while Uruguay ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform