Latin America and the Caribbean: Sugar Cane Market 2025

Sugar Cane Market Size in Latin America and the Caribbean

In 2022, the Latin American sugar cane market was finally on the rise to reach $X.9B for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X.4B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sugar Cane Production in Latin America and the Caribbean

In value terms, sugar cane production declined to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.3B in 2017; however, from 2018 to 2022, production failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of sugar cane production, comprising approx. X% of total volume. Moreover, sugar cane production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), more than tenfold. The third position in this ranking was held by Guatemala (X tons), with a X% share.

In Brazil, sugar cane production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Guatemala (X% per year).

The average sugar cane yield reached X tons per ha in 2022, picking up by X% on the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the sugar cane yield reached the maximum level at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar cane production in Latin America and the Caribbean was estimated at X ha, remaining stable against the previous year. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar cane production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Cane Exports

Exports in Latin America and the Caribbean

In 2022, the amount of sugar cane exported in Latin America and the Caribbean contracted markedly to X tons, with a decrease of X% on the year before. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar cane exports dropped markedly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Costa Rica represented the key exporter of sugar cane in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Mexico (X tons), Brazil (X tons), Jamaica (X tons) and Colombia (X tons), together constituting a X% share of total exports. The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar cane exports from Costa Rica stood at X%. At the same time, Brazil (X%), Colombia (X%) and Jamaica (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Costa Rica (X p.p.), Brazil (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Dominican Republic (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar cane supplying countries in Latin America and the Caribbean were Costa Rica ($X), Jamaica ($X) and Mexico ($X), with a combined X% share of total exports. Brazil, Colombia and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

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

Sugar Cane Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of sugar cane decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar cane imports fell notably to $X in 2022. Over the period under review, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, British Virgin Islands (X tons) represented the key importer of sugar cane, mixing up X% of total imports. It was distantly followed by Turks and Caicos Islands (X tons) and the Dominican Republic (X tons), together making up a X% share of total imports. The following importers - Belize (X tons) and Aruba (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to sugar cane imports into British Virgin Islands stood at X%. At the same time, the Dominican Republic (X%), Aruba (X%) and Turks and Caicos Islands (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Belize (X%) illustrated a downward trend over the same period. British Virgin Islands (X p.p.), Turks and Caicos Islands (X p.p.), the Dominican Republic (X p.p.), Belize (X p.p.) and Aruba (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, British Virgin Islands ($X) constitutes the largest market for imported sugar cane in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a X% share of total imports. It was followed by Belize, with a X% share.

In British Virgin Islands, sugar cane imports 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: Turks and Caicos Islands (X% per year) and Belize (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belize ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :