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World - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Sugar Market 2024
Sugar Market Size
In 2023, the global sugar market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Global consumption peaked in 2023 and is likely to continue growth in years to come.
Sugar Production
In value terms, sugar production rose sharply to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Global production peaked in 2023 and is expected to retain growth in the immediate term.
The countries with the highest volumes of production in 2023 were Brazil (X tons), India (X tons) and China (X tons), with a combined X% share of global production. The United States, Thailand, Mexico, Russia, Pakistan, Germany, Australia, France, Egypt and Turkey lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.
Sugar Exports
Exports
In 2023, global sugar exports declined to X tons, reducing by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the global exports remained at a lower figure.
In value terms, sugar exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in years to come.
Exports by Country
Brazil was the major exporting country with an export of about X tons, which resulted at X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - France (X tons), Guatemala (X tons), Free Zones (X tons) and Germany (X tons) - each accounted for a X% share of total exports.
From 2012 to 2023, average annual rates of growth with regard to sugar exports from Brazil stood at X%. At the same time, Free Zones (X%) and India (X%) displayed positive paces of growth. Moreover, Free Zones emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Germany and Thailand experienced a relatively flat trend pattern. By contrast, Guatemala (X%) and France (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and India (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of France (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Brazil ($X) remains the largest sugar supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by India ($X), with a X% share of global exports. It was followed by Thailand, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Thailand (X% per year).
Export Prices by Country
In 2023, the average sugar export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The global export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Free Zones ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced mixed trends in the export price figures.
Sugar Imports
Imports
In 2023, global imports of sugar rose slightly to X tons, with an increase of X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, global imports attained the peak figure in 2023 and are likely to see steady growth in years to come.
In value terms, sugar imports soared to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Global imports peaked in 2023 and are likely to see steady growth in the immediate term.
Imports by Country
In 2023, Indonesia (X tons), China (X tons), the United States (X tons), Bangladesh (X tons), India (X tons), Algeria (X tons), South Korea (X tons), Malaysia (X tons), Sudan (X tons), Italy (X tons), the United Arab Emirates (X tons) and Morocco (X tons) was the key importer of sugar in the world, achieving X% of total import. Spain (X tons) took a relatively small share of total imports.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sudan (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest sugar importing markets worldwide were the United States ($X), China ($X) and Indonesia ($X), with a combined X% share of global imports. Italy, Spain, India, Malaysia, Bangladesh, Sudan, South Korea, Morocco, Algeria and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.
India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average sugar import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while Algeria ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global sugar market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
- FCL 164 - Sugar, Refined
- FCL 158 - Cane Sugar
- FCL 159 - Beet Sugar
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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