ASEAN: Sugar Cane Market 2024

Sugar Cane Market Size in ASEAN

In 2022, the ASEAN sugar cane market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugar Cane Production in ASEAN

In value terms, sugar cane production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Thailand (X tons) constituted the country with the largest volume of sugar cane production, comprising approx. X% of total volume. Moreover, sugar cane production in Thailand exceeded the figures recorded by the second-largest producer, Indonesia (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a X% share.

In Thailand, sugar cane production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (X% per year) and the Philippines (X% per year).

The average sugar cane yield stood at X tons per ha in 2022, growing by X% on 2021 figures. In general, the yield, however, recorded a mild reduction. Over the period under review, the sugar cane yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. 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 ASEAN rose modestly to X ha, surging by X% against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the sugar cane harvested area remained at a somewhat lower figure.

Sugar Cane Exports

Exports in ASEAN

In 2022, approx. X tons of sugar cane were exported in ASEAN; with an increase of X% on 2021. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sugar cane exports shrank to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Lao People's Democratic Republic was the main exporter of sugar cane in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Myanmar (X tons), creating a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%) displayed positive paces of growth. While the share of Lao People's Democratic Republic (X p.p.) and Myanmar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Lao People's Democratic Republic stood at X%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a dramatic downturn. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Lao People's Democratic Republic amounted to $X per ton.

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

Sugar Cane Imports

Imports in ASEAN

In 2022, approx. X tons of sugar cane were imported in ASEAN; falling by X% on the previous year's figure. In general, imports showed a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sugar cane imports dropped to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) represented the key importer of sugar cane, committing X% of total imports. It was distantly followed by Vietnam (X tons), creating a X% share of total imports. Lao People's Democratic Republic (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 Singapore stood at X%. At the same time, Vietnam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported sugar cane in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar cane import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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