Sugar Cane Market
Sugar cane market: get access to the most recent datasets powered by an Ai-driven business intelligence tool. Datasets include market prices, imports, production, exports, companies, consumption, market size, and trade. There is a split by region, including Latin America, Africa, EU, the Middle East, China, the U.K., the U.S., and Russia. Market trends and forecast to 2030 are also provided in the dashboards.
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Sugar Cane - World's Largest Markets
Rating | Country |
---|---|
1 | Brazil |
2 | India |
3 | Thailand |
4 | Pakistan |
5 | China |
In value terms, Brazil led the market, alone. The second position in the ranking was occupied by India. It was followed by Thailand.
From 2019 to 2021, the average annual rate of growth in terms of value in Brazil amounted to -3.8%. The remaining consuming countries recorded the following average annual rates of market growth: India (+3.1% per year) and Thailand (-11.4% per year).
Sugar Cane Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Egypt | 106 | 100 | 103 | -1.4% |
Myanmar | 110 | 120 | 114 | 1.8% |
Vietnam | 125 | 249 | 186 | 22.0% |
Malaysia | 261 | 306 | 281 | 3.8% |
Mexico | 518 | 210 | 285 | -25.8% |
Cambodia | 1298 | 1419 | 1349 | 1.9% |
Lao People's Democratic Republic | 1298 | 1419 | 1363 | 2.5% |
Average | 338 | 458 | 391 | 7.6% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($1,363 per ton), while Egypt ($103 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
China | 59 | 57 | 58 | -0.9% |
Average | 68 | 67 | 68 | -0.2% |
As there is only one major supplying country, the average price level is determined by prices for China.
From 2019 to 2021, the rate of growth in terms of prices for China amounted to -0.9% per year.
Sugar Cane - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
million USD | ||||
China | 83 | 97 | 90 | 4.2% |
In value terms, China ($90M) constitutes the largest market for imported sugar cane worldwide.
From 2019 to 2021, the average annual rate of growth in terms of value in China stood at +4.2%.
Sugar Cane - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
million USD | ||||
Lao People's Democratic Republic | 34 | 43 | 38 | 7.0% |
Myanmar | 11 | 8.6 | 10 | -6.6% |
Cambodia | 4.8 | 3.8 | 4.3 | -5.4% |
Malaysia | 2.8 | 2.7 | 2.8 | -1.3% |
Vietnam | 1.2 | 2.3 | 1.7 | 21.5% |
In value terms, Lao People's Democratic Republic ($38M) remains the largest sugar cane supplier worldwide, comprising 61% of global exports. The second position in the ranking was occupied by Myanmar ($10M), with a 16% share of global exports. It was followed by Cambodia, with a 6.9% share.
In Lao People's Democratic Republic, sugar cane exports increased at an average annual rate of +7.0% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (-6.6% per year) and Cambodia (-5.4% per year).
Sugar Cane - Market Forecast
Depressed by shrinking demand for sugar cane worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.
Sugar Cane - Product Coverage
- HS 121293 - Sugar cane; fit for human consumption, fresh, chilled, frozen or dried, whether or not ground
This report provides an in-depth analysis of the global sugar cane market.
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This report provides an in-depth analysis of the sugar cane market in Latin America and the Caribbean.
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This report provides an in-depth analysis of the sugar cane market in Southern Asia.
This report provides an in-depth analysis of the sugar cane market in Eastern Asia.
This report provides an in-depth analysis of the sugar cane market in Northern America.
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