Asia: Sugar Cane Market 2024

Sugar Cane Market Size in Asia

The Asian sugar cane market rose slightly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Cane Production in Asia

In value terms, sugar cane production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

India (X tons) constituted the country with the largest volume of sugar cane production, comprising approx. X% of total volume. Moreover, sugar cane production in India exceeded the figures recorded by the second-largest producer, China (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with an X% share.

In India, sugar cane production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Thailand (X% per year).

In 2022, the average sugar cane yield in Asia stood at X tons per ha, almost unchanged from the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar cane production in Asia expanded rapidly to X ha, picking up by X% compared with 2021. In general, the harvested area showed a relatively flat trend pattern. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Cane Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of sugar cane, which increased by X% to X tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, sugar cane exports contracted to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Lao People's Democratic Republic (X tons) represented the major exporter of sugar cane, comprising X% of total exports. It was distantly followed by Myanmar (X tons), comprising a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%) displayed positive paces of growth. While the share of Lao People's Democratic Republic (X p.p.) and Myanmar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

In Lao People's Democratic Republic, sugar cane exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Lao People's Democratic Republic stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%).

Sugar Cane Imports

Imports in Asia

In 2022, supplies from abroad of sugar cane increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, sugar cane imports surged to $X in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons) represented roughly X% of total imports in 2022.

China was also the fastest-growing in terms of the sugar cane imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sugar cane in Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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