U.S.: Sugar Market 2022

Sugar Exports

Exports from the U.S.

For the tenth consecutive year, the United States recorded decline in overseas shipments of sugar, which decreased by -X% to X tonnes in 2020. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-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 expanded modestly to $X in 2020. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The exports peaked at $X in 2011; however, from 2012 to 2020, the exports remained at a lower figure.

Exports by Country

Mexico (X tonnes), Canada (X tonnes) and South Korea (X tonnes) were the main destinations of sugar exports from the United States, with a combined X% share of total exports. Trinidad and Tobago, Colombia, Ireland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Trinidad and Tobago (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar exported from the United States were Mexico ($X), Canada ($X) and Ireland ($X), with a combined X% share of total exports.

Among the main countries of destination, Ireland, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average sugar export price amounted to $X per tonne, growing by X% against the previous year. Overall, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. 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% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Ireland ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into the U.S.

Sugar imports into the United States was estimated at X tonnes in 2020, stabilizing at the year before. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain momentum.

In value terms, sugar imports rose notably to $X in 2020. In general, total imports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. 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 most prominent rate of growth was recorded 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

Mexico (X tonnes), Brazil (X tonnes) and the Dominican Republic (X tonnes) were the main suppliers of sugar imports to the United States, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of sugar to the United States, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the Dominican Republic (+X% per year).

Import Prices by Country

The average sugar import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, import price indicated modest growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2020, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Colombia ($X per tonne), while the price for Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Panama (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform