MERCOSUR: Sugar Cane Market 2024

Sugar Cane Market Size in MERCOSUR

In 2022, the MERCOSUR sugar cane market was finally on the rise to reach $X.2B after two years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X.5B in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar Cane Production in MERCOSUR

In value terms, sugar cane production dropped to $X.7B in 2022 estimated in export price. Overall, production posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X.6B 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, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Colombia (X% per year) and Argentina (X% per year).

The average sugar cane yield rose slightly to X tons per ha in 2022, surging by X% against the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the sugar cane yield hit record highs 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, the total area harvested in terms of sugar cane production in MERCOSUR stood at X ha, approximately mirroring the previous year. In general, the harvested area showed 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 Cane Exports

Exports in MERCOSUR

In 2022, approx. X tons of sugar cane were exported in MERCOSUR; dropping by X% compared with the year before. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, sugar cane exports fell dramatically to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

In 2022, Brazil (X tons) was the main exporter of sugar cane, mixing up X% of total exports. It was distantly followed by Colombia (X tons), generating a X% share of total exports.

Brazil was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest sugar cane supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

In Brazil, sugar cane exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Sugar Cane Imports

Imports in MERCOSUR

In 2021, the amount of sugar cane imported in MERCOSUR skyrocketed to X kg, with an increase of X% against 2020. Over the period under review, imports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sugar cane imports rose significantly to $X in 2021. Overall, imports, however, faced a sharp downturn. The growth pace was 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 2021, imports remained at a lower figure.

Imports by Country

Guyana prevails in imports structure, amounting to X kg, which was approx. X% of total imports in 2021. It was distantly followed by Chile (X kg), achieving a X% share of total imports.

Guyana was also the fastest-growing in terms of the sugar cane imports, with a CAGR of X% from 2012 to 2021. At the same time, Chile (X%) displayed positive paces of growth. Guyana (X p.p.) and Chile (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, Chile ($X) constitutes the largest market for imported sugar cane in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Guyana ($X), with a X% share of total imports.

In Chile, sugar cane imports expanded at an average annual rate of X% over the period from 2012-2021.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while Guyana stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (X%).

Source: IndexBox Platform