Northern America: Sugar Market 2022

Production By Country in Northern America

The country with the largest volume of sugar production was the United States (X tonnes), accounting for X% of total volume. It was followed by Canada (X tonnes), with a X% share of total production.

In the United States, sugar production remained relatively stable over the period from 2007-2020.

Sugar Exports

Exports in Northern America

For the tenth consecutive year, Northern America recorded decline in shipments abroad of sugar, which decreased by -X% to X tonnes in 2020. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2011 to 2020, the growth of the exports remained at a lower figure.

In value terms, sugar exports totaled $X in 2020. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2011; however, from 2012 to 2020, the exports remained at a lower figure.

Exports by Country

The United States was the main exporting country with an export of about X tonnes, which reached X% of total exports. It was distantly followed by Canada (X tonnes), mixing up a X% share of total exports.

Exports from the United States decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the United States ($X) remains the largest sugar supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in the United States amounted to -X%.

Export Prices by Country

The sugar export price in Northern America stood at $X per tonne in 2020, increasing by X% against the previous year. Export price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sugar export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, the export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($X per tonne), while Canada amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Sugar Imports

Imports in Northern America

In 2020, overseas purchases of sugar increased by X% to X tonnes, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, sugar imports expanded significantly to $X in 2020. Total imports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the United States (X tonnes) represented the major importer of sugar, making up X% of total imports. It was distantly followed by Canada (X tonnes), mixing up a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (+X value terms, the United States ($X) constitutes the largest market for imported sugar in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the United States, sugar imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The sugar import price in Northern America stood at $X per tonne in 2020, increasing by X% against the previous year. Import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2020, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($X per tonne), while Canada stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Platform