Raw cane or beet sugar in solid form market in Cambodia

Earlier Report Observations

The Cambodian market for raw cane or beet sugar in solid form underwent pronounced shifts between 2018 and 2023. Market volume stood at 126.1 thousand tons in 2018 before contracting sharply to 73.4 thousand tons the following year. A recovery phase then began, with the market reaching 82.2 thousand tons in 2020 and surging to 130.3 thousand tons in 2021. Growth continued at a slower pace, with the market size expanding to 134.7 thousand tons in 2022 and 136.0 thousand tons in 2023.

This volatility was shaped by concurrent movements in production and trade. Domestic production fell from 150.0 thousand tons in 2018 to 120.0 thousand tons in 2019 and 100.0 thousand tons in 2020, then stabilized at 120.0 thousand tons from 2021 onward. Meanwhile, exports spiked to 53.5 thousand tons in 2019, drastically reducing domestic availability. In the subsequent period, exports fell to minimal levels around 1.0-1.3 thousand tons in 2021-2022, while imports began a sustained climb from 6.9 thousand tons in 2020 to 30.8 thousand tons in 2023. The combined effect of stable output, rising imports, and lower net exports facilitated the market's rebound and subsequent expansion.

Production raw cane or beet sugar in solid form in Cambodia

In kind, 2017-2020, K t

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

Cambodia's production of raw cane or beet sugar in solid form has declined for the third consecutive year. In 2020, the country produced 100.0 K t, marking a 16.7% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 35.5%, which translates to an annualized decline rate of 13.6%.

Annual dynamics of production in Cambodia in kind, 2017-2020, K t

Exports raw cane or beet sugar in solid form from Cambodia

Exports in kind, t

Market performance showed significant fluctuations during this period. Exports reached their lowest point in 2020, while the highest volume was recorded in 2017, with a 2.5-fold difference between these years. In 2020, Cambodia exported 24 700 t of raw cane or beet sugar in solid form, representing a sharp decline of 53.8% compared to the previous year. The largest decrease occurred in 2018, at 59.2%, while the most substantial increase was in 2019, with a jump of 110.2%.

Annual dynamics of product's exports from Cambodia in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Cambodia's exports of raw cane or beet sugar in solid form were China, accounting for 39.0% of exports, Bulgaria with 29.4%, and Croatia at 16.1%. Together, these three countries made up 84.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Cambodia in kind, 2017-2020

Exports in value, K $ US

The value of raw cane or beet sugar in solid form exports from Cambodia has decreased for the third year in a row. In 2020, exports totaled 9 510 K $ US, down by 36.3% from the previous year. Over the 2017-2020 period, export value fell by 71.2%, with a compound annual growth rate (CAGR) of -33.9%.

Annual dynamics of product's exports from Cambodia in value, 2017-2020, K $ US

Between 2017 and 2020, China, Bulgaria, and Croatia continued to be the top destinations for Cambodia's exports in value terms. China led with 44.0% of exports, followed by Bulgaria at 25.6%, and Croatia with 17.8%. Combined, these three countries accounted for 87.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Cambodia in value, 2017-2020

Imports raw cane or beet sugar in solid form to Cambodia

Imports in kind, t

Import volumes experienced notable fluctuations during this period. The lowest point was in 2017, while imports peaked in 2019, showing a 6.4-fold variation between these years. In 2020, Cambodia imported 6 911 t of raw cane or beet sugar in solid form, which remained nearly unchanged from 2019. The highest import volume was recorded in 2019 at 6 927 t, with the largest increase also occurring that year at 338.1%.

Annual dynamics of product's imports to Cambodia in kind, 2017-2020, t

From 2017 to 2020, Thailand remained the primary supplier of raw cane or beet sugar in solid form to Cambodia, accounting for 84.5% of total imports in kind. The remaining imports were distributed among various other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Cambodia in kind, 2017-2020

Imports in value, K $ US

After two years of growth, the value of raw cane or beet sugar in solid form imports into Cambodia declined. In 2020, imports amounted to 1 596 K $ US, reflecting a 13.4% drop year-over-year. Over the 2017-2020 period, import value increased by 87.5%, with a compound annual growth rate (CAGR) of 23.3%. The peak value was recorded in 2019 at 1 842 K $ US, and the largest increase occurred in 2018 at 58.2%.

Annual dynamics of product's imports to Cambodia in value, 2017-2020, K $ US

During 2017-2020, Thailand dominated Cambodia's imports in value terms, holding a 74.3% share of total flows. The remainder was fragmented across other markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Cambodia in value, 2017-2020