MERCOSUR: Sugar Crop Market 2025

Sugar Crop Market Size in MERCOSUR

In 2022, the MERCOSUR sugar crop market was finally on the rise to reach $X.2B after five years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X.1B in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar Crop Production in MERCOSUR

In value terms, sugar crop production declined to $X.8B in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.7B 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, Colombia (X tons), more than tenfold.

In Brazil, sugar crop production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Colombia (X% per year) and Argentina (X% per year).

In 2022, the average sugar crop yield in MERCOSUR rose slightly to X tons per ha, surging by X% against the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the sugar crop yield hit record highs at X tons per ha in 2013; however, from 2014 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 total area harvested in terms of sugar crops production in MERCOSUR totaled X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to sugar crop production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports in MERCOSUR

In 2022, after three years of growth, there was significant decline in overseas shipments of sugar crops, when their volume decreased by X% to X tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, sugar crop exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Brazil was the largest exporter of sugar crops in MERCOSUR, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Colombia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%).

Brazil was also the fastest-growing in terms of the sugar crops exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (X p.p.) and Peru (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 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 Peru ($X per ton), while Brazil ($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 a decline in the export price figures.

Sugar Crop Imports

Imports in MERCOSUR

In 2022, purchases abroad of sugar crops increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports, however, saw a significant decline. The pace of growth was the most pronounced 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 2022, imports failed to regain momentum.

In value terms, sugar crop imports reduced to $X in 2022. In general, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina represented the key importer of sugar crops in MERCOSUR, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Chile (X%) and Brazil (X%).

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a significant increase. 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 reached the maximum at $X per ton in 2021, and then fell in the following year.

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 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