Raw cane or beet sugar in solid form market in Iran

Earlier Report Observations

Between 2018 and 2023, Iran's sugar market volume showed notable fluctuations, starting at 8.1 million tons in 2018 and peaking at 8.6 million tons the following year. This increase occurred despite a sharp drop in domestic production, as imports surged to over 1.8 million tons to compensate. After 2019, the market entered a steady decline, contracting to 6.9 million tons by 2023.

The market's trajectory was shaped by volatile domestic output and significant swings in imports. Production fell from 7.8 million tons in 2018 to 6.7 million tons in 2019, then fluctuated between 6.4 and 7.0 million tons in subsequent years. Meanwhile, imports, after their 2019 peak, dropped dramatically to just 290,000 tons in 2023, amplifying the overall volume reduction.

Production raw cane or beet sugar in solid form in Iran

In kind, 2017-2020, K t

From 2017 to 2020, Iran ranked 13th globally in the production of raw cane or beet sugar in solid form.

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

Following a two-year decline, Iran's production of raw cane or beet sugar in solid form rebounded. In 2020, the country produced 7 000 K t, marking a modest 4.1% increase compared to 2019. Over the 2017-2020 period, overall production fell by 31.8%, with a compound annual growth rate of -12.0%. The lowest production level was recorded in 2019 at 6 723 K t, while the sharpest drop occurred in 2018 with a 23.9% decrease.

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

Exports raw cane or beet sugar in solid form from Iran

Exports in kind, K t

In 2018, Iran's exports of raw cane or beet sugar in solid form reached 0.2 K t, representing a 40.6% increase year-over-year.

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

Between 2017 and 2020, Uzbekistan and Turkmenistan were the primary destinations for Iran's exports of raw cane or beet sugar in solid form, jointly accounting for 82.3% of total shipments. The remaining volume was distributed among smaller markets.

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

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

Exports in value, M $ US

In 2018, Iran exported 0.1 M $ US worth of raw cane or beet sugar in solid form, showing a significant 45.0% improvement compared to 2017.

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

Throughout 2017-2020, Uzbekistan and Turkmenistan served as the core markets for Iran's exports in value terms, together making up 83.1% of total flows. Other destinations held relatively smaller shares.

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

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

Imports raw cane or beet sugar in solid form to Iran

Imports in kind, K t

The data shows irregular changes, pointing to a volatile market environment. Imports fluctuated significantly, with a 6.5-fold difference between the peak in 2019 and the low in 2018. In 2020, Iran imported 1 018 K t of raw cane or beet sugar in solid form, experiencing a sharp 44.4% decline from the previous year. The minimum import volume was recorded in 2018 at 281 K t, while the maximum reached 1 830 K t in 2019. The largest decrease occurred in 2018 with a 67.1% drop, and the biggest increase was in 2019 with a 550.8% surge.

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

From 2017 to 2020, India, Brazil, and the United Kingdom were the main sources of Iran's imports of raw cane or beet sugar in solid form. India accounted for 38.0% of imports in kind, Brazil for 15.8%, and the United Kingdom for 13.7%, together representing 67.5% of total imports.

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

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

Imports in value, M $ US

Market performance exhibited noticeable fluctuations during this period. Imports peaked in 2019 and hit their lowest point in 2018, with a 6.3-fold gap between these years. In 2020, Iran's imports of raw cane or beet sugar in solid form were valued at 370.7 M $ US, reflecting a steep 42.3% decline year-over-year. The minimum value was recorded in 2018 at 102.7 M $ US, while the maximum was in 2019 at 642.4 M $ US. The largest decrease occurred in 2018 with a 75.2% drop, and the largest increase was in 2019 with a 525.7% rise.

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

During 2017-2020, India, the United Kingdom, and Brazil were the largest suppliers of raw cane or beet sugar in solid form to Iran in value terms. India contributed 35.2% of imports, the United Kingdom 14.9%, and Brazil 14.6%, collectively forming 64.7% of total imports.

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

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