Latin America and the Caribbean: Raw Cane Sugar Market 2020

Raw Cane Sugar Market Size in Latin America and the Caribbean

The revenue of the raw cane sugar market in Latin America and the Caribbean amounted to $X in 2017, increasing by X% against the previous year. The raw cane sugar consumption continues to indicate an abrupt slump. The pace of growth was the most pronounced in 2014, when it surged by X% against the previous year. The level of raw cane sugar consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Raw Cane Sugar Production in Latin America and the Caribbean

The raw cane sugar production totaled X tons in 2017, therefore, remained relatively stable against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% against the previous year. The volume of raw cane sugar production peaked in 2017, and is likely to continue its growth in the immediate term.

Raw Cane Sugar Exports in Latin America and the Caribbean

In 2017, approx. X tons of raw cane and beet sugar in solid form were exported in Latin America and the Caribbean; approximately equating the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. In that year, the raw cane sugar exports attained their peak volume of X tons, and then declined slightly in the following year.

In value terms, raw cane sugar exports stood at $X in 2017. The raw cane sugar exports continue to indicate a measured contraction. Over the period under review, the raw cane sugar exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Raw Cane Sugar Exports by Country in Latin America and the Caribbean

Brazil prevails in raw cane sugar exports structure, accounting for X tons, which was near X% of total exports in 2017. It was distantly followed by Guatemala (X tons), mixed up X% share of total exports. El Salvador (X tons) held the mild share of total exports.

Exports from Brazil increased at an average annual rate of +X% from 2007 to 2017. At the same time, El Salvador (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Guatemala (-X%) illustrated a downward trend over the same period. Guatemala (X%) significantly strengthened its position in terms of the global exports, while Brazil saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest raw cane sugar supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of global exports. It was followed by El Salvador, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Brazil totaled -X%. In the other countries, the average annual rates were as follows: Guatemala (-X% per year) and El Salvador (+X% per year).

Raw Cane Sugar Export Prices by Country in Latin America and the Caribbean

In 2017, the raw cane sugar export price in Latin America and the Caribbean amounted to $X per ton, going up by X% against the previous year. The raw cane sugar export price continues to indicate an abrupt drop. The growth pace was the most rapid in 2017, an increase of X% year-to-year. The level of export price peaked of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in El Salvador ($X per ton) and Brazil ($X per ton), while Guatemala ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Guatemala (-X% per year), while the other leaders experienced a decline in the export price figures.

Raw Cane Sugar Imports in Latin America and the Caribbean

In 2017, the amount of raw cane and beet sugar in solid form imported in Latin America and the Caribbean stood at X tons, rising by X% against the previous year. The raw cane sugar imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the raw cane sugar imports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, raw cane sugar imports stood at $X in 2017. The raw cane sugar imports continue to indicate an abrupt deduction. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Raw Cane Sugar Imports by Country in Latin America and the Caribbean

Chile (X tons) and Peru (X tons) represented roughly X% of total imports of raw cane and beet sugar in solid form in 2017. The Dominican Republic (X tons) ranks second in terms of the global imports with a X% share, followed by Mexico (X%), Jamaica (X%) and Uruguay (X%). Bahamas (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and the Dominican Republic ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports.

Peru (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced a decline in the imports figures.

Raw Cane Sugar Import Prices by Country in Latin America and the Caribbean

The raw cane sugar import price in Latin America and the Caribbean stood at $X per ton in 2017, coming down by -X% against the previous year. The raw cane sugar import price continues to indicate a measured descent. The pace of growth appeared the most rapid in 2016, an increase of X% y-o-y. The level of import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform