Asia: Sugar Cane Market 2022

Sugar Cane Market Size in Asia

The Asian sugar cane market shrank to $X in 2021, which is down by less than X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Sugar Cane Production in Asia

In value terms, sugar cane production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

India (X tons) remains the largest sugar cane producing country in Asia, accounting for X% of total volume. Moreover, sugar cane production in India exceeded the figures recorded by the second-largest producer, China (X tons), fourfold. Thailand (X tons) ranked third in terms of total production with a X% share.

In India, sugar cane production remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-X% per year) and Thailand (+X% per year).

In 2021, the average sugar cane yield in Asia rose to X tons per ha, picking up by less than X% on the previous year. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X%. Over the period under review, the sugar cane yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2021, 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 2021, the sugar cane harvested area in Asia totaled X ha, flattening at the year before. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by less than X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2021, the harvested area failed to regain momentum.

Sugar Cane Exports

Exports in Asia

In 2021, sugar cane exports in Asia soared to X tons, rising by X% against the previous year's figure. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, sugar cane exports rose remarkably to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Myanmar (X tons) and Cambodia (X tons) dominates exports structure, together comprising X% of total exports. Malaysia (X tons) took the next position in the ranking, followed by Lao People's Democratic Republic (X tons). All these countries together held near X% share of total exports. The following exporters - Vietnam (X tons) and China (X tons) - together made up X% of total exports.

From 2012 to 2021, the biggest increases were in Lao People's Democratic Republic (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

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

In Lao People's Democratic Republic, sugar cane exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the export price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced a decline in the export price figures.

Sugar Cane Imports

Imports in Asia

In 2021, the amount of sugar cane imported in Asia expanded remarkably to X tons, surging by X% compared with the previous year's figure. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, sugar cane imports expanded rapidly to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

China dominates imports structure, recording X tons, which was near X% of total imports in 2021. It was distantly followed by Singapore (X tons), mixing up a X% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sugar cane imports, with a CAGR of +X% from 2012 to 2021. At the same time, Vietnam (+X%) and Singapore (+X%) displayed positive paces of growth. While the share of China (less than X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (less than X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sugar cane in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with less than X% share of total imports.

In China, sugar cane imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of less than X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the other leaders experienced more modest paces of growth.

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