India: Sugar Crop Market 2024

Sugar Crop Market Size in India

The Indian sugar crop market rose rapidly to $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Sugar crop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Crop Production in India

In value terms, sugar crop production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Sugar crop production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in India stood at X tons per ha, with an increase of X% on the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the yield increased by X%. The sugar crop yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in India expanded notably to X ha, increasing by X% on the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure in 2022 and is expected to retain growth in the near future.

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Sugar Crop Exports

Exports from India

In 2022, sugar crop exports from India surged to X tons, increasing by X% on 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sugar crop exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Nepal (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of sugar crop exports from India, together accounting for X% of total exports. Qatar, Spain, the United States, the United Arab Emirates, Ireland, Slovenia, Italy, Portugal, Hungary and Latvia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for sugar crop exported from India worldwide, together accounting for X% of total exports. Spain, Nepal, the United Arab Emirates, Slovenia, Ireland, Italy, Latvia, Portugal, Hungary and Qatar lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the average price for exports to Qatar ($X 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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into India

Sugar crop imports into India fell notably to X tons in 2022, which is down by X% on the previous year. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of sugar crop to India, with a X% share of total imports. Moreover, sugar crop imports from South Africa exceeded the figures recorded by the second-largest supplier, Brazil (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United Arab Emirates (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of sugar crops to India, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Brazil (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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