U.S.: Sugar Cane Market 2022

Sugar Cane Market Size in the U.S.

The U.S. sugar cane market reduced to $X in 2021, declining by -X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Sugar Cane Production in the U.S.

In value terms, sugar cane production shrank to $X in 2021. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

The average yield of sugar cane in the United States contracted to X tons per ha in 2021, with a decrease of -X% on 2020 figures. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of sugar cane in the United States amounted to X ha, approximately mirroring the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by less than X% against the previous year. The sugar cane harvested area peaked in 2021 and is likely to continue growth in the immediate term.

Sugar Cane Exports

Exports from the U.S.

In 2021, sugar cane exports from the United States soared to X tons, rising by X% against 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, sugar cane exports expanded remarkably to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for sugar cane exports from the United States, accounting for a X% share of total exports. Moreover, sugar cane exports to Canada exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Mexico (-X% per year).

In value terms, Canada ($X) remains the key foreign market for sugar cane exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2021, the average sugar cane export price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Barbados ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Cane Imports

Imports into the U.S.

After five years of growth, purchases abroad of sugar cane decreased by -X% to X tons in 2021. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, sugar cane imports dropped dramatically to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

Vietnam (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of sugar cane imports to the United States, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar cane suppliers to the United States were Mexico ($X), Vietnam ($X) and Brazil ($X), together comprising X% of total imports.

Brazil, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar cane import price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced a decline.

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