Southern Asia: Sugar Crop Market 2024

Sugar Crop Market Size in Southern Asia

For the third year in a row, the South Asian sugar crop market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Sugar Crop Production in Southern Asia

In value terms, sugar crop production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The growth pace was the most rapid 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.

The country with the largest volume of sugar crop production was India (X tons), accounting for X% of total volume. Moreover, sugar crop production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fivefold.

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

In 2022, the average sugar crop yield in Southern Asia amounted to X tons per ha, leveling off at 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the sugar crop yield hit record highs in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area rose sharply to X ha in 2022, surging by X% compared with 2021. Overall, the harvested area saw a relatively flat trend pattern. As a result, the harvested area reached the peak level and is likely to continue growth in the immediate term.

Sugar Crop Exports

Exports in Southern Asia

In 2022, approx. X tons of sugar crops were exported in Southern Asia; rising by X% compared with the previous year. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, sugar crop exports skyrocketed to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India represented the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports.

India was also the fastest-growing in terms of the sugar crops exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest sugar crop supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 totaled $X per ton.

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

Sugar Crop Imports

Imports in Southern Asia

In 2022, overseas purchases of sugar crops increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports contracted modestly to $X in 2022. In general, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Nepal represented the major importer of sugar crops in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Afghanistan (X tons), constituting a X% share of total imports. Maldives (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sugar crop imports into Nepal stood at X%. At the same time, Afghanistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Maldives (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nepal and Afghanistan increased by X and X percentage points, respectively.

In value terms, Afghanistan ($X), Nepal ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

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 showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform

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