Latin America and the Caribbean: Refined Cane Sugar Market 2020

Refined Cane Sugar Market Size in Latin America and the Caribbean

The revenue of the refined cane sugar market in Latin America and the Caribbean amounted to $X in 2017, growing by X% against the previous year. The refined cane sugar consumption continues to indicate a prominent growth. The most prominent rate of growth was recorded in 2011, when market value increased by X% against the previous year. Over the period under review, the refined cane sugar market attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Refined Cane Sugar Production in Latin America and the Caribbean

In 2017, approx. X tons of refined cane or beet sugar in a solid form (excluding white sugar) were produced in Latin America and the Caribbean; approximately mirroring the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, when the output figure increased by X% y-o-y. The volume of refined cane sugar production peaked in 2017, and is expected to retain its growth in the immediate term.

Refined Cane Sugar Exports in Latin America and the Caribbean

In 2017, the amount of refined cane or beet sugar in a solid form (excluding white sugar) exported in Latin America and the Caribbean amounted to X tons, lowering by -X% against the previous year. The refined cane sugar exports continue to indicate a moderate drop. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, refined cane sugar exports stood at $X in 2017. The total exports indicated a moderate increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the refined cane sugar exports increased by +X% against 2015 indices. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

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

Brazil prevails in refined cane sugar exports structure, amounting to X tons, which was near X% of total exports in 2017. Colombia (X tons) ranks second in terms of the global exports with a X% share, followed by Guatemala (X%) and Mexico (X%). The following exporters - Argentina (X tons) and Nicaragua (X tons) each reached a X% share of total exports.

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

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

From 2007 to 2017, the average annual growth rate of value in Brazil stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Colombia (+X% per year).

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

In 2017, the refined cane sugar export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. The export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the refined cane sugar export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010, an increase of X% year-to-year. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Guatemala ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Refined Cane Sugar Imports in Latin America and the Caribbean

In 2017, approx. X tons of refined cane or beet sugar in a solid form (excluding white sugar) were imported in Latin America and the Caribbean; surging by X% against the previous year. The refined cane sugar imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, refined cane sugar imports totaled $X in 2017. The refined cane sugar imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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

In 2017, Chile (X tons), distantly followed by Peru (X tons), Mexico (X tons), Jamaica (X tons), Uruguay (X tons), Ecuador (X tons) and Colombia (X tons) were the major importers of refined cane or beet sugar in a solid form (excluding white sugar), together making up X% of total imports.

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

In value terms, Chile ($X), Peru ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Ecuador, Jamaica, Uruguay and Colombia, which together accounted for a further X%.

Ecuador (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

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

In 2017, the refined cane sugar import price in Latin America and the Caribbean amounted to $X per ton, going up by X% against the previous year. The import price indicated a moderate growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, when the import prices increased by X% y-o-y. Over the period under review, the import prices for refined cane or beet sugar in a solid form (excluding white sugar) reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Ecuador ($X per ton) and Mexico ($X per ton), while Uruguay ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

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Source: IndexBox Platform