Raw cane or beet sugar in solid form market in Western Asia

Earlier Report Observations

The market for raw cane or beet sugar in solid form in Western Asia experienced significant volatility from 2018 to 2023, with an overall expansion from 24.1 million tons to 32.1 million tons. A slight contraction in 2019 was followed by a sharp 31% surge in 2020, lifting the market volume to 30.7 million tons.

After the 2020 peak, the market corrected downward by 19% in 2021 to 25.0 million tons. A recovery phase began in 2022 with an 9% increase, which accelerated into 2023 with an 18% rise, establishing a new market high of 32.1 million tons by the end of the period.

Domestic production followed a similar pattern of fluctuation, with its substantial growth in 2020 being a primary contributor to the market's expansion that year and supporting the subsequent rebound in overall volume.

Production raw cane or beet sugar in solid form in Western Asia

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

Western Asia's production of raw cane or beet sugar in solid form increased for the second consecutive year. In 2020, the region produced 26 209 K t, marking a significant year-over-year growth of 24.9%. Looking at the period from 2017 to 2020, production rose by 6.7%, which translates to an average annual increase of 2.2%. The lowest production level was recorded in 2018 at 20 373 K t, with the largest decline that year reaching 17.1%.

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

Exports raw cane or beet sugar in solid form from Western Asia

Exports in kind, K t

The market exhibited notable volatility during these years. Import levels varied significantly, with a 13.1-fold difference between the peak in 2017 and the low in 2020. In 2020, exports of raw cane or beet sugar in solid form from Western Asia totaled 40 K t, down 48.6% compared to the previous year. The largest decline occurred in 2018 at 91.5%, while the biggest increase was recorded in 2019 at 75.3%.

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

From 2017 to 2020, the three largest markets for exports in kind were Kenya, Tanzania, and Iran, which together accounted for 67.9% of total export flows.

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

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

Exports in value, M $ US

Foreign supplies of raw cane or beet sugar in solid form from Western Asia declined for the third consecutive year. In 2020, the region exported 16 M $ US worth of this product, a 70.9% decrease compared to 2019. Between 2017 and 2020, exports fell by 94.1%, with an average annual decline of 61.0%.

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

Throughout 2017–2020, Kenya, Tanzania, and Iran formed the core group of markets for exports in value terms. Kenya accounted for 34.5% of exports, Tanzania for 17.2%, and Iran for 5.7%, together representing 57.4% of total export flows.

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

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

Imports raw cane or beet sugar in solid form to Western Asia

Imports in kind, K t

The market showed signs of volatility over the observed period. Imports peaked in 2017 and reached their lowest point in 2019, with a 2.4-fold difference between these years. In 2020, imported volumes of raw cane or beet sugar in solid form into Western Asia totaled 4 535 K t, a sharp increase of 74.5% compared to 2019. The minimum value was recorded in 2019 at 2 598 K t, and the largest decline occurred in 2018 at 38.1%.

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

From 2017 to 2020, Brazil dominated imports in kind of raw cane or beet sugar in solid form to Western Asia, accounting for 93.9% of total import flows.

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

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

Imports in value, M $ US

After a two-year contraction, the volume of raw cane or beet sugar in solid form imports into Western Asia increased. In 2020, imports stood at 1 369 M $ US, up 12.0% compared to 2019. Over the period from 2017 to 2020, imports decreased by 42.6%, with a compound annual growth rate of -16.9%. The minimum value was recorded in 2019 at 1 222 M $ US, and the largest decline occurred in 2018 at 38.3%.

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

In 2017–2020, imports in value terms of raw cane or beet sugar in solid form to Western Asia were highly concentrated on Brazil, which accounted for 91.7% of total import flows.

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

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