Latest Report Update: Sep 7, 2021

World - Sugar - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Article Publishing Date: Aug 13, 2021

Global Sugar Production to Grow Tangibly This Year, Keeping Prices Stable

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.

This year, world sugar production is expected to rise by 3% to 193M tonnes. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.

Key Trends and Insights

According to IndexBox estimates based on USDA data, global sugar production will increase by +3% y-o-y to 193M tonnes in 2021, driven by high demand from China and India. The economy’s gradual recovery after the pandemic and the relative normalization of the catering and food service sector are contributing to the growth of worldwide demand.

Sugar production in the U.S. will remain at its 2020 rate to the end of this year and will amount to 8.7M tonnes. Strong growth in America's sugar beet crop should offset the expected decline in sugar cane production in Louisiana.

Due to a prolonged drought, the sugarcane crop in Mexico may decline slightly to 7.5M tonnes, while in Australia favorable weather conditions will boost production by +1.5% y-o-y to 4.6M tonnes.

Production in Brazil will fall by -5% y-o-y to 26M tonnes due to dry weather and wildfires, as well as the decrease in sugar cane planted in favor of soybeans and corn.

An increase in harvest compared to last year is expected in Guatemala (by +3% to 3.1M tonnes), India (by +3% to 36M tonnes), Indonesia (by +3% to 2.3M tonnes), Pakistan (by +14%to 6.6M tonnes), Thailand (by +39% to 25M tonnes), and Russia (by +6% to 7.5M tonnes).

In the EU, sugar production is forecasted to increase by +7% to 19M tonnes this year. This will most likely be facilitated by the removal of bans on the use of neonicotinoids in France and Germany. Sugar beet seeds will be allowed to be coated with the substance to protect against the yellow beet virus, which would ensure high yields. In the UK, the approval to use neonicotinoids should increase yields by +11% to 1.2M tonnes.

Global sugar exports will increase by +2.6% to 39M tonnes. A decrease in exports from Brazil will be offset by growth in supplies from Thailand. Russian sugar exports are expected to decline by approx. 390K tonnes due to decreases in shipments to Kazakhstan and Uzbekistan amid falling demand for imported sugar in these countries.

According to USDA forecasts, global sugar prices in the current year and the first half of 2022 will remain stable at $0.44 per kg. This will be due to an increase in the sugar supply on the world market, despite the decline in production in some above-mentioned countries.

Global Sugar Exports by Country

In 2020, global exports of sugar skyrocketed to 35M tonnes, increasing by +23% compared with 2019 figures. In value terms, sugar exports rose remarkably to $10.4B in 2020.

Brazil prevails in sugar export structure, amounting to 27M tonnes, which was approx. 75% of total exports in 2020. Thailand (3M tonnes) held the second position in the ranking, followed by India (1.7M tonnes). All these countries together took near 13% share of total exports. The following exporters - Guatemala (824K tonnes), South Africa (671K tonnes) and El Salvador (532K tonnes) - each finished at a 5.7% share of total exports.

Brazil was also the fastest-growing country in terms of sugar exports (+66.9% y-o-y) in 2020. At the same time, India (+21.3%) and El Salvador (+3.5%) also displayed positive paces of growth. By contrast, Guatemala (-19.6%), Thailand (-20.9%) and South Africa (-31.0%) illustrated a downward trend over the same period. 

In value terms, Brazil ($7.4B) remains the largest sugar supplier worldwide, comprising 71% of global exports. The second position in the ranking was occupied by Thailand ($885M), with an 8.5% share of global exports. It was followed by India, with a 5.4% share.

Largest Sugar Importers Worldwide

Indonesia (5.3M tonnes) and China (4.7M tonnes) represented roughly 42% of total imports of sugar in 2020. The U.S. (2.3M tonnes) took a 9.9% share (based on tonnes) of total imports, which put it in second place, followed by Malaysia (8.8%), India (8.5%) and South Korea (7.8%). Japan (1,049K tonnes), the UK (528K tonnes), South Africa (385K tonnes) and Taiwan (Chinese) (384K tonnes) held a little share of total imports.

In value terms, the largest sugar importing markets worldwide were Indonesia ($1.8B), China ($1.5B) and the U.S. ($1.3B), with a combined 49% share of global imports. These countries were followed by Malaysia, India, South Korea, Japan, South Africa, the UK and Taiwan (Chinese), which together accounted for a further 31%.

Source: IndexBox Platform

Product coverage:
• FCL 162 - Sugar, Raw Centrifugal
• FCL 163 -

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 2025.



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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

Webinar: Global Cement Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cement market.



Thursday, September 23rd, 2021 @ 04:00 pm ET


Register

Webinar: Global Lithium Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global lithium carbonate market.



Thursday, September 30th, 2021 @ 04:00 pm ET


Register

Webinar: Global Recovered Paper Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global recovered paper market.



Thursday, October 7th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data