Raw cane or beet sugar in solid form market in Northern America

Earlier Report Observations

The market for raw cane or beet sugar in solid form in Northern America experienced significant fluctuations between 2018 and 2023. Market volume dropped from 41 460 thousand tons in 2018 to 35 657 thousand tons in 2019, then recovered to 40 709 thousand tons in 2020. It reached a peak of 44 361 thousand tons in 2021 before declining to 40 688 thousand tons in 2022 and rising again to 42 941 thousand tons in 2023.

In 2023, regulatory actions by the USDA played a key role in shaping the market. The revision of fiscal year 2023 State cane sugar allotments and processor allocations, along with the reassignment of marketing allocations to raw cane sugar imports due to low CCC sugar stocks, helped maintain production levels. Additionally, increased loan rates for sugar processors under the 2018 Farm Bill provided financial support. However, drought conditions in Louisiana and Texas, combined with the announced closure of the last cane sugar production facility in Texas due to water supply risks, posed challenges to production growth.

Production raw cane or beet sugar in solid form in Northern America

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

After two consecutive years of decline, Northern America's production of raw cane or beet sugar in solid form rebounded. In 2019, production reached its lowest point at 34 409 thousand tons, marking a significant 14.4% decrease. However, by 2020, output surged to 39 402 thousand tons, representing a strong 14.5% increase compared to the previous year. Over the entire 2017-2020 period, production declined by 4.2%, which translates to an average annual decrease of 1.4%.

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

Exports raw cane or beet sugar in solid form from Northern America

Exports in kind, K t

The market demonstrated considerable volatility throughout the observed period. In 2017, export volumes hit their lowest point, while 2020 saw the highest levels - representing a dramatic 16-fold difference between these extremes. Specifically, exports in 2020 totaled 1 thousand ton, showing a sharp 716.9% increase from 2019. The most substantial decline occurred in 2019 with a 79.4% drop, while the largest increase was recorded in 2018 with an impressive 823.2% growth.

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

Between 2017 and 2020, Hong Kong emerged as the dominant destination for Northern America's exports of raw cane or beet sugar in solid form, accounting for 71.0% of total export volumes. The remaining 29.0% was distributed among various other trading partners.

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

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

Exports in value, M $ US

Market performance showed noticeable fluctuations during this period. Export values reached their lowest point in 2017 and peaked in 2020, with a substantial 14.5-fold difference between these years. In 2020, Northern America exported 0.2 million US dollars worth of raw cane or beet sugar in solid form, representing a 430.1% increase compared to 2019. The most significant decline occurred in 2019 with a 60.2% decrease, while the largest increase was recorded in 2018 with 587.7% growth.

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

From 2017 to 2020, Hong Kong was the largest buyer of Northern America's raw cane or beet sugar in solid form by value, accounting for 51.4% of total exports. France followed with 1.6%, and the Philippines with 0.6%. Together, these three markets represented 53.6% of Northern America's total export value for this product during this period.

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

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

Imports raw cane or beet sugar in solid form to Northern America

Imports in kind, K t

Market behavior was characterized by volatility during these years. Import volumes showed a 2.6-fold difference between the peak in 2020 and the trough in 2017. In 2020, Northern America imported 1 308 thousand tons of raw cane or beet sugar in solid form, representing a 4.8% increase compared to 2019. The largest decline occurred in 2019 with a modest 0.1% decrease, while the most substantial increase was recorded in 2018 with 149.7% growth.

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

Between 2017 and 2020, Brazil and Guatemala dominated Northern America's imports of raw cane or beet sugar in solid form by volume, jointly accounting for 83.0% of total imports. The remaining 17.0% was distributed among various smaller markets.

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

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

Imports in value, M $ US

Northern America's imports of raw cane or beet sugar in solid form increased for the second consecutive year. In 2020, imports totaled 408.5 million US dollars, representing a 4.4% increase compared to the previous year. However, looking at the entire 2017-2020 period, imports decreased by 6.5%, equivalent to an average annual decline of 2.2%. The lowest import value was recorded in 2018 at 389.6 million US dollars, which marked a 10.8% decrease from the previous year.

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

Throughout the 2017-2020 period, Brazil and Guatemala concentrated 82.6% of Northern America's total import value for raw cane or beet sugar in solid form. The remaining 17.4% was distributed among various other destinations, each with smaller individual contributions.

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

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