U.S. - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in the United States - 2023
Contents:
- Sugar Price in the United States (CIF) - 2023
- Sugar Price in the United States (FOB) - 2022
- Sugar Imports in the United States
- Sugar Exports in the United States
Sugar Price in the United States (CIF) - 2023
In August 2023, the average sugar import price amounted to $716 per ton, reducing by -4.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 10% month-to-month. The import price peaked at $765 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was El Salvador ($873 per ton), while the price for Brazil ($486 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Guatemala (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Price in the United States (FOB) - 2022
The average sugar export price stood at $693 per ton in 2022, falling by -6.7% against the previous year. In general, the export price saw a slight reduction. The growth pace was the most rapid in 2019 an increase of 23%. The export price peaked at $784 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($872 per ton) and Indonesia ($852 per ton), while the average price for exports to South Korea ($598 per ton) and Canada ($630 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sugar Imports in the United States
In 2022, approx. 2.4M tons of sugar were imported into the United States; surging by 10% compared with 2021. Overall, imports showed a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar imports soared to $1.6B in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sugar in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 406 | 415 | 462 | 699 | 19.9% |
| Dominican Republic | 97.9 | 116 | 120 | 151 | 15.5% |
| Brazil | 94.5 | 170 | 168 | 107 | 4.2% |
| Guatemala | 73.4 | 44.4 | 76.4 | 104 | 12.3% |
| Australia | 68.1 | 71.6 | 58.1 | 78.2 | 4.7% |
| El Salvador | 57.3 | 33.8 | 22.8 | 76.6 | 10.2% |
| Costa Rica | 42.9 | 14.3 | 38.0 | 66.6 | 15.8% |
| Peru | 47.0 | 34.5 | 23.6 | 56.6 | 6.4% |
| Nicaragua | 31.7 | 9.0 | 50.2 | 32.7 | 1.0% |
| Colombia | 34.1 | 36.4 | 27.1 | 31.5 | -2.6% |
| Panama | 25.2 | 23.0 | 24.1 | 26.5 | 1.7% |
| Argentina | 42.6 | 38.4 | 30.4 | 18.8 | -23.9% |
| Philippines | 39.4 | 59.3 | 69.9 | N/A | 33.2% |
| Others | 131 | 171 | 113 | 176 | 10.3% |
| Total | 1,191 | 1,236 | 1,284 | 1,626 | 10.9% |
Top Suppliers of Sugar to the United States in 2022:
- Philippines (undefinedK tons)
- Mexico (988.1K tons)
- Dominican Republic (236.1K tons)
- Guatemala (177.8K tons)
- Brazil (161.5K tons)
- El Salvador (132.0K tons)
- Australia (109.0K tons)
- Costa Rica (100.0K tons)
- Peru (78.3K tons)
- Nicaragua (64.0K tons)
- Panama (37.4K tons)
- Colombia (31.5K tons)
- Argentina (25.4K tons)
Sugar Exports in the United States
In 2022, shipments abroad of sugar was finally on the rise to reach 8.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sugar exports surged to $6.1M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sugar in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,675 | 1,006 | 1,062 | 3,643 | 10.8% |
| Mexico | 150 | 1,850 | 371 | 633 | 61.6% |
| China | 41.0 | 55.9 | 280 | 457 | 123.4% |
| South Korea | 272 | 340 | 453 | 413 | 14.9% |
| Indonesia | N/A | N/A | 86.5 | 194 | 124.3% |
| Trinidad and Tobago | 380 | 227 | N/A | N/A | -40.3% |
| Others | 981 | 1,125 | 1,459 | 759 | -8.2% |
| Total | 4,499 | 4,604 | 3,712 | 6,098 | 10.7% |
Top Export Markets for Sugar from the United States in 2022:
- Canada (5.8K tons)
- Mexico (0.7K tons)
- South Korea (0.7K tons)
- China (0.5K tons)
- Indonesia (0.2K tons)
This report provides an in-depth analysis of the sugar 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 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
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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In 2022, sugar prices in the U.S. are forecast to drop 4% y/y with support measures from the American government and expected sufficient global supply. Last year,the average retail refined sugar price in America jumped by 8% y/y to 68.4 cents per pound.
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This year, world sugar production is expected to rise by 3% to 193M tons. 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.
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In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
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In 2022, sugar prices in the U.S. are forecast to drop 4% y/y with support measures from the American government and expected sufficient global supply. Last year,the average retail refined sugar price in America jumped by 8% y/y to 68.4 cents per pound.
294
Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
1328
This year, world sugar production is expected to rise by 3% to 193M tons. 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.
