Latin America and the Caribbean: Sugar Crop Market 2025

Sugar Crop Market Size in Latin America and the Caribbean

In 2022, the Latin American sugar crop market was finally on the rise to reach $X.9B after four years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X.7B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Latin America and the Caribbean

In value terms, sugar crop production shrank to $X.1B in 2022 estimated in export price. In general, production saw a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.5B in 2017; however, from 2018 to 2022, production remained at a lower figure.

The country with the largest volume of sugar crop production was Brazil (X tons), comprising approx. X% of total volume. Moreover, sugar crop 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 crop 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 crop yield expanded modestly to X tons per ha in 2022, with an increase of X% on the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the sugar crop yield reached the peak level at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat 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, approx. X ha of sugar crops were harvested in Latin America and the Caribbean; remaining relatively unchanged against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of sugar crops decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, sugar crop exports declined remarkably to $X in 2022. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

In 2022, Costa Rica (X tons) was the key exporter of sugar crops, comprising X% of total exports. It was distantly followed by Mexico (X tons), Brazil (X tons) and Jamaica (X tons), together mixing up a X% share of total exports. The following exporters - Colombia (X tons) and the Dominican Republic (X tons) - together made up X% of total exports.

Exports from Costa Rica increased at an average annual rate of X% from 2012 to 2022. 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. From 2012 to 2022, the share of Costa Rica, Brazil and Colombia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest sugar crop supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

In Costa Rica, 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: Mexico (X% per year) and Jamaica (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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, sugar crop export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Sugar Crop Imports

Imports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in supplies from abroad of sugar crops, when their volume decreased by X% to X tons. Over the period under review, imports faced a significant decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports fell to $X in 2022. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the seven major importers of sugar crops, namely Argentina, Jamaica, Peru, Costa Rica, Colombia, Chile and Brazil, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Jamaica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported sugar crops in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Argentina, sugar crop imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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