Raw cane or beet sugar in solid form market in Oceania

Earlier Report Observations

Between 2018 and 2023, the market volume for raw cane or beet sugar in solid form in Oceania showed significant fluctuations. After rising to 4 969 thousand tons in 2019, the market contracted in 2020, partially recovered in 2021, but fell again in 2022 to 4 225 thousand tons. This 2022 decline coincided with severe water shortages in Thailand, which led to an 18% drop in sugar cane yields and thereby constrained sugar production in the region.

Land-use competition in Indonesia between sugar cane cultivation and food security or conservation priorities also put pressure on supply. At the same time, players such as Mitr Phol in Thailand launched bio-refinery initiatives and precision agriculture projects aimed at improving efficiency and sustainability in the sector. In 2023, the market volume grew by 5.6%, reaching 4 460 thousand tons, indicating a partial recovery from the previous downturn.

Production raw cane or beet sugar in solid form in Oceania

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

In Oceania, production of raw cane or beet sugar in solid form reached 4 467 thousand tonnes in 2020, marking a 9.5% decrease from 2019. Over the 2017-2020 period, production declined by 10.3%, with a compound annual growth rate (CAGR) of 3.6%. The most significant increase occurred in 2019, when production rose by 5.5%.

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

In value, 2017-2020, M $ US

The output value of raw cane or beet sugar in solid form in Oceania was 1 503 million US dollars in 2020, down 6.6% year-over-year. From 2017 to 2020, production value fell by 34.3%, translating to an annualized decline of 13.1%. The sharpest drop was in 2018, at 31.0%, while 2019 saw a modest increase of 2.0%.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Exports raw cane or beet sugar in solid form from Oceania

Exports in kind, K t

Oceania exported 140.6 thousand tonnes of raw cane or beet sugar in solid form in 2020, a slight decrease of 1.7% from the previous year. Between 2017 and 2020, exports fell by 27%, with a CAGR of 10.0%. The lowest export volume was recorded in 2018 at 113.6 thousand tonnes, which also saw the largest decline of 41.0%. In contrast, 2019 experienced the biggest increase, with exports rising by 26.0%.

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

From 2017 to 2020, the United Kingdom, Spain, and the Netherlands were consistently the top destinations for Oceania's exports in kind. The United Kingdom accounted for 37.0% of exports, Spain for 21.8%, and the Netherlands for 11.0%. Together, these three countries represented 69.8% of total export flows.

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

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

Exports in value, M $ US

Exports of raw cane or beet sugar in solid form from Oceania grew for the second consecutive year in 2020, reaching 47.3 million US dollars, up 1.4% from 2019. However, over the 2017-2020 period, export value decreased by 46.6%, with an annualized rate of 18.9%. The lowest value was in 2018 at 38.3 million US dollars, which also saw the largest decline of 56.7%. The most significant increase occurred in 2019, with a rise of 21.8%.

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

Between 2017 and 2020, the United Kingdom, Spain, and the United States were the primary markets for Oceania's exports in value terms. The United Kingdom held 36.4% of export value, Spain 23.3%, and the United States 12.0%. Collectively, these three countries accounted for 71.7% of total export flows.

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

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

Imports raw cane or beet sugar in solid form to Oceania

Imports in kind, K t

Oceania imported 212.4 thousand tonnes of raw cane or beet sugar in solid form in 2020, a 20.4% increase from 2019. Over the 2017-2020 period, imports grew by 8.9%, with a CAGR of 2.9%. The lowest import volume was in 2019 at 176.4 thousand tonnes, which also saw the largest decline of 30.1%. The highest volume was in 2018 at 252.2 thousand tonnes, marking the largest increase of 29.3%.

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

From 2017 to 2020, the partner structure for imports in kind was relatively balanced rather than concentrated. Guatemala accounted for 22.8% of imports, Brazil for 10.4%, and Thailand for 8.1%. Together, these three countries represented 41.4% of total import flows, with many other countries making up the remaining 58.6%.

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

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

Imports in value, M $ US

After two years of contraction, imports of raw cane or beet sugar in solid form to Oceania increased in 2020, reaching 80.9 million US dollars, a slight uptick of 2.8% from 2019. However, over the 2017-2020 period, import value decreased by 28.4%, with a CAGR of 10.5%. The lowest value was in 2019 at 78.7 million US dollars, while the largest decline occurred in 2018 at 26.1%.

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

Between 2017 and 2020, imports in value terms were widely dispersed across partner countries. Guatemala accounted for 25.0% of import value, Brazil for 11.9%, and Thailand for 5.7%. Together, these three countries represented only 42.5% of total import flows.

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

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