Northern America: Sugar Crop Market 2024

Sugar Crop Market Size in Northern America

The North American sugar crop market rose notably to $X in 2022, growing by X% against the previous year. Overall, consumption saw a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Northern America

In value terms, sugar crop production rose notably to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of sugar crop production, accounting for X% of total volume. It was followed by Canada (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States was relatively modest.

In 2022, the average yield of sugar crops in Northern America dropped to X tons per ha, therefore, remained relatively stable against the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then reduced modestly in the following year. 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 Northern America; approximately mirroring the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports in Northern America

In 2022, the amount of sugar crops exported in Northern America soared to X tons, increasing by X% on 2021 figures. In general, exports, however, faced a significant decrease. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports soared to $X in 2022. Over the period under review, exports, however, showed a precipitous contraction. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), making up a X% share of total exports.

The United States was also the fastest-growing in terms of the sugar crops exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest sugar crop supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

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

Sugar Crop Imports

Imports in Northern America

In 2022, overseas purchases of sugar crops decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of 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 crop imports soared to $X in 2022. In general, imports faced a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the largest importer of sugar crops in Northern America, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sugar crop imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported sugar crops in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a significant expansion. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

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

Source: IndexBox Platform

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