U.S.: Sugar Crop Market Overview 2020

Sugar Crop Market Size in the USA

The revenue of the sugar crop market in the U.S. amounted to $X in 2017, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, sugar crop consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when market value increased by X% y-o-y. In that year, the sugar crop market reached their peak level of $X. From 2011 to 2017, growth of the sugar crop market stood at a somewhat lower level.

Sugar Crop Exports in the USA

In 2017, approx. X tonnes of sugar crops were exported from the U.S.; jumping by X% against the previous year. Overall, sugar crop exports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2017, with an increase of X% against the previous year. The U.S. exports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, sugar crop exports stood at $X in 2017. In general, sugar crop exports continue to indicate a relatively flat trend pattern. The U.S. exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Sugar Crop Exports by Country in the USA

China represented the main exporting country with an export of about X tonnes, which recorded X% of total exports. Spain (X tonnes) took the second position in the ranking, followed by Sudan (X tonnes), South Africa (X tonnes), Nigeria (X tonnes), Egypt (X tonnes) and Turkey (X tonnes). All these countries together occupied approx. X% share of total exports. Germany (X tonnes), Poland (X tonnes), Belgium (X tonnes) and Portugal (X tonnes) occupied the slight share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Poland (+X%), Belgium (+X%), Nigeria (+X%), Sudan (+X%), South Africa (+X%), Germany (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, Turkey (-X%), Spain (-X%) and Egypt (-X%) illustrated a downward trend over the same period. While the share of China (X%), Spain (X%) and Egypt (X%) increased significantly in terms of the global exports from 2007-2017, the share of Belgium (-X%), Poland (-X%), Nigeria (-X%) and Sudan (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sugar crop supplier from the U.S., making up X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, sugar crop exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and Germany (+X% per year).

Sugar Crop Export Prices by Country in the USA

The sugar crop export price in the U.S. stood at $X per tonne in 2017, going down by -X% against the previous year. Overall, sugar crop export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2016, when the export prices increased by X% year-to-year. In that year, the export prices for sugar crops attained their peak level of $X per tonne, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

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

Sugar Crop Imports in the USA

Sugar crop imports into the U.S. totaled X tonnes in 2017, remaining constant against the previous year. Overall, sugar crop imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. The U.S. imports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, sugar crop imports amounted to $X in 2017. Overall, sugar crop imports continue to indicate a remarkable increase. The U.S. imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Sugar Crop Imports by Country in the USA

In 2017, Germany (X tonnes), followed by the U.S. (X tonnes), Spain (X tonnes), Iran (X tonnes), Russia (X tonnes), the Netherlands (X tonnes) and China (X tonnes) were the key importers of sugar crops, together mixed up X% of total imports. The following importers - France (X tonnes), Italy (X tonnes), Japan (X tonnes), Saudi Arabia (X tonnes) and Thailand (X tonnes) together made 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 Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Spain, Iran, the Netherlands, Italy, Saudi Arabia, Russia, China, France and Thailand lagged somewhat behind, together accounting for a further X%.

Iran (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Sugar Crop Import Prices by Country in the USA

In 2017, the sugar crop import price in the U.S. amounted to $X per tonne, coming down by -X% against the previous year. Overall, sugar crop import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2011, an increase of X% y-o-y. Over the period under review, the import prices for sugar crops reached its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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

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

Source: IndexBox Platform