Sugar Cane Market - Spain Remains the Leading Exporter of Sugar Cane in the World
Sugar Cane July 13, 2015
Spain continued its dominance in the global sugar cane trade. In 2014, Spain exported 11.8 kt of sugar cane totaling $4.3M, 0.1% under the previous year. Its primary trading partner on the global sugar cane market was Italy, where it supplied 19.6% of its total sugar cane exports in value terms, accounting for 99% of Italian total imports.
Overall, the global sugar cane trade reached $18.5M, with a CAGR of 1% from 2012 to 2014. In physical terms, it expanded to 37.6 kt in 2014 after a significant 20% drop in 2012.
In 2014, Switzerland (21%), Thailand (19%), Spain (10%), Egypt (7%) and the Czech Republic (6%) were the leading destinations of sugar cane imports, together making up 63% of global imports. The share of Spain increased significantly (+5 percentage points); the shares of the other leading countries also illustrated positive dynamics.
Spain and Algeria were the main global suppliers of sugar cane in 2014 with a combined share of 43% of global exports. Algeria, however, was the fastest growing exporter from 2012 to 2014, increasing its exports by an astounding 76% per year. With this rapid ascent, Algeria more than tripled its position in the global export structure, from 6% in 2012 to 19% in 2014.
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Source: World: Sugar Cane - Market Report. Analysis And Forecast To 2020
