Sugars Market

Sugars market: get access to recently published information powered by an Ai-driven business intelligence platform. Information contain production, trade, market prices, exports, market size, consumption, imports, and companies. There is a split by country, including Russia, the U.S., EU, China, Latin America, the Middle East, Africa, and the U.K. Market insights and forecast to 2030 are also featured in the snapshots.

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Sugars - World's Largest Markets

In value terms, India, the United States and China were the countries with the highest levels of market value in 2020, with a combined 47% share of the global market. Belgium, Germany, Japan, the Netherlands, Switzerland, Spain, Poland, the Philippines, Indonesia and the UK lagged somewhat behind, together comprising a further 17%.

In terms of the main consuming countries, the Netherlands (+105.1% per year) saw the highest growth rate of market size, over the period under review, while sugars market for the other global leaders experienced more modest paces of growth.

Sugars Prices

Sugars - Top Importers

In value terms, the United States ($243M) constitutes the largest market for imported sugars, sugar ethers and salts worldwide, comprising 20% of global imports. The second position in the ranking was occupied by Belgium ($99M), with a 8.3% share of global imports. It was followed by Japan, with a 8% share.

From 2018 to 2020, the average annual growth rate of value in the United States stood at +24.7%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+105.5% per year) and Japan (-5.3% per year).

Sugars - Top Exporters

In value terms, Germany ($206M), China ($144M) and the United States ($138M) were the countries with the highest levels of exports in 2020, together accounting for 41% of global exports. These countries were followed by France, Japan, Austria, Thailand and Indonesia, which together accounted for a further 25%.

France recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Sugars - Market Forecast

Driven by increasing demand for sugars worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Sugars - Product Coverage

• HS 2940 - Sugars, chemically pure, other than sucrose, lactose, maltose, glucose or fructose; sugar ethers and sugar esters and their salts, other than products of heading no. 2937, 2938 or 2939

Source: IndexBox Market Intelligence Platform