U.S. - Sugar Cane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Cane Price in the United States - 2023
Contents:
- Sugar Cane Price in the United States (CIF) - 2023
- Sugar Cane Price in the United States (FOB) - 2022
- Sugar Cane Imports in the United States
- Sugar Cane Exports in the United States
Sugar Cane Price in the United States (CIF) - 2023
In November 2023, the average sugar cane import price amounted to $991 per ton, reducing by -4.3% against the previous month. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in March 2023 an increase of 48% month-to-month. Over the period under review, average import prices hit record highs at $1,365 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($1,175 per ton), while the price for Vietnam ($561 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+3.3%), while the prices for the other major suppliers experienced a decline.
Sugar Cane Price in the United States (FOB) - 2022
The average sugar cane export price stood at $440 per ton in 2022, shrinking by -29.1% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 39%. As a result, the export price reached the peak level of $754 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($440 per ton), while the average price for exports to Mexico ($415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+23.4%), while the prices for the other major destinations experienced a decline.
Sugar Cane Imports in the United States
In 2022, approx. 4.8K tons of sugar cane were imported into the United States; rising by 45% on the previous year. Overall, imports enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 63%. As a result, imports reached the peak of 7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sugar cane imports surged to $3.3M in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 183% against the previous year. As a result, imports reached the peak of $7.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sugar Cane in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,407 | 1,039 | 917 | 1,618 | 4.8% |
| Vietnam | 284 | 421 | 917 | 1,233 | 63.1% |
| Brazil | 678 | 5,593 | 258 | 138 | -41.2% |
| Costa Rica | 79.1 | 46.9 | 7.3 | 87.0 | 3.2% |
| Jamaica | N/A | N/A | N/A | 45.0 | 0% |
| Others | 73.3 | 33.2 | 97.2 | 141 | 24.4% |
| Total | 2,522 | 7,133 | 2,197 | 3,262 | 9.0% |
Top Suppliers of Sugar Cane to the United States in 2022:
- Vietnam (2116.0 tons)
- Mexico (2087.0 tons)
- Costa Rica (212.7 tons)
- Brazil (203.0 tons)
- Jamaica (106.0 tons)
Sugar Cane Exports in the United States
In 2022, the amount of sugar cane exported from the United States soared to 1.4K tons, growing by 547% against the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar cane exports skyrocketed to $604K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sugar Cane in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 101 | 98.8 | 77.6 | 443 | 63.7% |
| Vietnam | N/A | N/A | 18.3 | 90.4 | 394.0% |
| Mexico | N/A | N/A | 13.1 | 60.5 | 361.8% |
| Hong Kong SAR | 35.6 | N/A | N/A | N/A | 0% |
| South Korea | N/A | 18.0 | N/A | N/A | 0% |
| Others | 19.5 | 2.7 | 22.6 | 9.7 | -20.8% |
| Total | 156 | 119 | 132 | 604 | 57.0% |
Top Export Markets for Sugar Cane from the United States in 2022:
- Canada (1008.0 tons)
- Vietnam (212.0 tons)
- Mexico (146.0 tons)
This report provides an in-depth analysis of the sugar cane market in the U.S.. 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 156 - Sugar cane
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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2354
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