Southern Asia: Sugar Cane Market 2024

Sugar Cane Market Size in Southern Asia

The South Asian sugar cane market rose sharply to $X in 2022, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Sugar Cane Production in Southern Asia

In value terms, sugar cane production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest sugar cane producing country in Southern Asia, accounting for X% of total volume. Moreover, sugar cane production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fivefold.

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

The average sugar cane yield amounted to X tons per ha in 2022, flattening at 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 somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the sugar cane yield hit record highs in 2022 and is expected to retain growth in years to come. 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 Southern Asia rose markedly to X ha, growing by X% against the previous year. In general, the harvested area recorded a relatively flat trend pattern. As a result, the harvested area attained the peak level and is likely to continue growth in the immediate term.

Sugar Cane Exports

Exports in Southern Asia

In 2022, sugar cane exports in Southern Asia soared to X tons, rising by X% on 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sugar cane exports surged to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Pakistan (X tons) and India (X tons) represented the main exporter of sugar cane in Southern Asia, making up X% of total export.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%).

In value terms, India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

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

Sugar Cane Imports

Imports in Southern Asia

In 2022, overseas purchases of sugar cane increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sugar cane imports expanded sharply to $X in 2022. In general, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nepal (X tons) was the major importer of sugar cane, constituting X% of total imports. It was distantly followed by Afghanistan (X tons), making up a X% share of total imports. Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar cane imports into Nepal stood at X%. At the same time, Maldives (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Afghanistan (X p.p.), Nepal (X p.p.) and Maldives (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), Nepal ($X) and Maldives ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Maldives, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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