U.S. - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Crop Price in the United States - 2023
Contents:
- Sugar Crop Price in the United States (CIF) - 2022
- Sugar Crop Price in the United States (FOB) - 2022
- Sugar Crop Imports in the United States
- Sugar Crop Exports in the United States
Sugar Crop Price in the United States (CIF) - 2022
The average sugar crop import price stood at $762 per ton in 2022, surging by 53% against the previous year. Over the period under review, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 533% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($3,182 per ton), while the price for Costa Rica ($280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Crop Price in the United States (FOB) - 2022
The average sugar crop export price stood at $594 per ton in 2022, rising by 27% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of 193% against the previous year. Over the period under review, the average export prices reached the maximum at $1,025 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,984 per ton), while the average price for exports to South Korea ($75 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 Jamaica (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Crop Imports in the United States
In 2022, supplies from abroad of sugar crops decreased by -8.1% to 7.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sugar crop imports soared to $6.1M in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 111%. As a result, imports reached the peak of $8.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sugar Crop in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,426 | 1,039 | 917 | 1,618 | 4.3% |
| Vietnam | 338 | 550 | 1,001 | 1,266 | 55.3% |
| Belgium | 117 | 60.7 | 213 | 1,106 | 111.4% |
| Spain | 612 | 506 | 529 | 546 | -3.7% |
| India | 343 | 277 | 306 | 293 | -5.1% |
| Brazil | 678 | 5,593 | 258 | 138 | -41.2% |
| China | 24.9 | 111 | 117 | 95.7 | 56.6% |
| Costa Rica | 79.1 | 46.9 | 7.3 | 89.4 | 4.2% |
| Others | 497 | 492 | 948 | 902 | 22.0% |
| Total | 4,115 | 8,676 | 4,297 | 6,054 | 13.7% |
Top Suppliers of Sugar Crop to the United States in 2022:
- Vietnam (2122.0 tons)
- Mexico (2087.0 tons)
- Spain (1349.6 tons)
- Belgium (1043.1 tons)
- India (481.0 tons)
- Costa Rica (319.6 tons)
- Brazil (203.0 tons)
- China (16.6 tons)
Sugar Crop Exports in the United States
In 2022, approx. 2.2K tons of sugar crops were exported from the United States; increasing by 48% compared with the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 335%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, sugar crop exports skyrocketed to $1.3M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 106%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Sugar Crop in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 332 | 259 | 284 | 567 | 19.5% |
| Mexico | 142 | 19.9 | 262 | 507 | 52.8% |
| Vietnam | N/A | N/A | 18.3 | 90.4 | 394.0% |
| Japan | N/A | N/A | N/A | 89.1 | 0% |
| South Korea | N/A | 18.0 | N/A | 37.4 | 44.1% |
| Curacao | N/A | N/A | N/A | 3.8 | 0% |
| Hong Kong SAR | 35.6 | N/A | N/A | N/A | 0% |
| Belize | N/A | N/A | 45.0 | N/A | 0% |
| Others | 86.4 | 45.6 | 96.6 | 34.7 | -26.2% |
| Total | 596 | 343 | 706 | 1,329 | 30.6% |
Top Export Markets for Sugar Crop from the United States in 2022:
- Canada (1076.3 tons)
- South Korea (499.0 tons)
- Mexico (327.8 tons)
- Vietnam (212.0 tons)
- Curacao (51.0 tons)
- Japan (44.9 tons)
This report provides an in-depth analysis of the sugar crop 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 161 - Sugar crops nes
- FCL 156 - Sugar cane
- FCL 459 - Chicory roots
- FCL 157 - Sugar beet
- FCL 461 - Carobs
- FCL 460 - Vegetable products, fresh or dry nes
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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337
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