Global Sugar Cane Market 2022

Sugar Cane Market Size

In 2021, after four years of decline, there was growth in the global sugar cane market, when its value increased by less than X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Sugar Cane Production

In value terms, sugar cane production rose significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Global production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of sugar cane production in 2021 were Brazil (X tons), India (X tons) and China (X tons), with a combined X% share of global production. Thailand, Pakistan, Mexico, Australia, the United States and Indonesia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of +X%), while production for the other global leaders experienced more modest paces of growth.

The global average sugar cane yield reached X tons per ha in 2021, approximately reflecting 2020. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by less than X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2021, the growth of the average sugar cane yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of sugar cane were harvested worldwide; therefore, remained relatively stable against the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of less than X%. The global harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Sugar Cane Exports

Exports

In 2021, approx. X tons of sugar cane were exported worldwide; surging by X% against the previous year's figure. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the global exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, sugar cane exports rose sharply to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Myanmar (X tons) and Cambodia (X tons) dominates exports structure, together achieving X% of total exports. Malaysia (X tons) held the next position in the ranking, followed by Lao People's Democratic Republic (X tons). All these countries together held approx. X% share of total exports. The following exporters - Egypt (X tons) and Vietnam (X tons) - each reached an X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +X%), while the other global leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the largest sugar cane supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Myanmar ($X), with a X% share of global 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 average sugar cane export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 global leaders experienced mixed trends in the export price figures.

Sugar Cane Imports

Imports

In 2021, approx. X tons of sugar cane were imported worldwide; rising by X% on the previous year. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, global imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sugar cane imports rose markedly to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. 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 was the most pronounced in 2018 with an increase of X% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, finishing at 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. percentage points. Singapore (less than X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average sugar cane import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 global leaders experienced more modest paces of growth.

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