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World - Sugar - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Sugar - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Dec 29, 2020

With $4.5B of Exports, Brazil Remains the Largest Supplier to the Global Sugar Market

IndexBox has just published a new report: 'World - Sugar - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 6.9% year-to-year. Over the period under review, the global market attained the peak level at $117.5B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Consumption by Country

The countries with the highest volumes of sugar consumption in 2019 were Brazil (26M tons), India (25M tons) and China (11M tons), together accounting for 32% of global consumption.

From 2013 to 2019, the biggest increases were in Brazil, while sugar consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest sugar markets worldwide were India ($11B), Brazil ($8.3B) and China ($7.6B), together accounting for 26% of the global market (IndexBox estimates). The U.S., Russia, Germany, Thailand, Pakistan, Mexico, France and Indonesia lagged somewhat behind, together comprising a further 30%.

The countries with the highest levels of sugar per capita consumption in 2019 were Thailand (136 kg per person), Brazil (123 kg per person) and France (80 kg per person).

From 2013 to 2019, the most notable rate of growth in terms of sugar per capita consumption, amongst the leading consuming countries, was attained by Brazil, while sugar per capita consumption for the other global leaders experienced more modest paces of growth.

Production By Country

The countries with the highest volumes of sugar production in 2019 were Brazil (42M tons), India (24M tons) and Thailand (13M tons), with a combined 41% share of global production. China, Pakistan, the U.S., Russia, Mexico, France, Germany, Australia and Guatemala lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2019, the most notable rate of growth in terms of sugar production, amongst the main producing countries, was attained by Pakistan, while sugar production for the other global leaders experienced more modest paces of growth.

Global Sugar Exports

In 2019, the amount of sugar exported worldwide shrank to 29M tons, which is down by -13.7% against the previous year's figure. In general, exports continue to indicate a abrupt descent. Global exports peaked at 41M tons in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure. In value terms, sugar exports declined to $10.6B (IndexBox estimates) in 2019.

Exports by Country

In 2019, Brazil (16M tons) represented the key exporter of sugar, generating 55% of total exports. Thailand (3.8M tons) took a 13% share (based on tons) of total exports, which put it in second place, followed by Australia (5.7%). The following exporters - Mexico (1,045K tons), South Africa (973K tons), Swaziland (747K tons), the Philippines (538K tons) and El Salvador (518K tons) - together made up 13% of total exports.

From 2013 to 2019, average annual rates of growth with regard to sugar exports from Brazil stood at -7.1%. At the same time, the Philippines (+34.9%), South Africa (+17.3%), El Salvador (+7.7%), Swaziland (+6.6%) and Thailand (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.9% from 2013-2019. By contrast, Mexico (-1.6%) and Australia (-7.1%) illustrated a downward trend over the same period.

In value terms, Brazil ($4.5B) remains the largest sugar supplier worldwide, comprising 42% of global exports. The second position in the ranking was occupied by Thailand ($1.7B), with a 16% share of global exports. It was followed by Australia, with a 9.3% share.

Export Prices by Country

The average sugar export price stood at $363 per ton in 2019, remaining stable against the previous year. In general, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% y-o-y. Over the period under review, average export prices attained the maximum at $472 per ton in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($597 per ton), while Brazil ($281 per ton) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Australia (+3.8%), while the other global leaders experienced mostly negative trends in the export price figures; only in Mexico and Thailand, the prices practically returned to their outset levels.

Source: IndexBox Market Intelligence 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

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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