Sucrose in solid form market in the United States

Earlier Report Observations

The U.S. market for sucrose in solid form experienced significant volume changes from 2018 to 2023. Starting at 10.2 million tons in 2018, it fell to 9.3 million tons in 2019, a drop of over 8%. The market then recovered to 10.2 million tons in 2020, nearly returning to its initial level.

After 2020, market volume entered a phase of stability with slight fluctuations. It dipped minimally to 10.17 million tons in 2021, then grew gradually to 10.21 million tons in 2022 and reached 10.48 million tons in 2023, showing a steady upward trend in the latter part of the period.

Production sucrose in solid form in the United States

In kind, 2017-2020, K t

Globally, the United States ranked as the 4th largest producer of solid sucrose from 2017 to 2020.

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

In 2020, the United States produced 9 074 K t of solid sucrose, marking a modest increase of 3.4% from the previous year. Over the period from 2017 to 2020, production declined by 2.6%, which translates to an annualized decrease of 0.9%. The lowest production level was recorded in 2019 at 8 776 K t, while the highest was in 2018 at 9 669 K t. The most significant drop occurred in 2019, with a 9.2% decrease, whereas the largest gain was in 2018, with a 3.8% rise.

Annual dynamics of production in the United States in kind, 2017-2020, K t

Exports sucrose in solid form from the United States

Exports in kind, K t

In 2020, the United States exported 73 K t of solid sucrose, representing a 46.1% increase year-over-year. From 2017 to 2020, exports grew by 9.6%, with a compound annual growth rate (CAGR) of 3.1%. The lowest export volume was in 2019 at 50 K t, and the highest was in 2018 at 104 K t. The sharpest decline was in 2019, with a 51.9% drop, while the largest increase was in 2018, with a 55.9% surge.

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

From 2017 to 2020, the primary markets for U.S. solid sucrose exports in volume terms were Mexico, accounting for 54.7% of exports, Canada at 10.0%, and Germany at 3.3%. Together, these three countries represented 68.0% of total export flows.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, M $ US

In 2020, the United States exported solid sucrose valued at 88.7 M $ US, up by 23.5% compared to the previous year. Between 2017 and 2020, export value increased by 11.1%, equating to an annualized growth rate of 3.6%. The lowest value was recorded in 2019 at 71.9 M $ US, and the highest in 2018 at 103.6 M $ US. The most significant decrease occurred in 2019, with a 30.6% drop, while the largest increase was in 2018, with a 29.7% rise.

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

During 2017–2020, the leading destinations for U.S. solid sucrose exports in value terms were Mexico, which accounted for 35.1% of exports, Canada at 12.1%, and China at 4.4%. Collectively, these three markets made up 51.6% of total export value.

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

World map of product's exports from the United States in value, 2017-2020

Imports sucrose in solid form to the United States

Imports in kind, K t

The market exhibited volatility during these years, with imports reaching their lowest point in 2019 and peaking in 2020, showing a 1.9-fold difference between these two years. In 2020, the United States imported 1 179 K t of solid sucrose, a substantial 94.3% increase from 2019. The minimum import volume was recorded in 2019 at 606 K t, and the largest decline occurred that same year, with a 9.7% decrease.

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

From 2017 to 2020, the top three sources for U.S. solid sucrose imports in volume terms were Mexico, Brazil, and Colombia, which together accounted for 70.4% of total imports.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, M $ US

The data shows irregular fluctuations, reflecting a volatile market environment. Import values dropped to their lowest in 2019 and peaked in 2020, with a top-to-bottom ratio of 1.8 times. In 2020, U.S. solid sucrose imports totaled 821.8 M $ US, a sharp increase of 76.3% compared to 2019. The minimum value was recorded in 2019 at 466.2 M $ US, and the largest decline occurred that year, with a 9.9% drop.

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

Over the period 2017–2020, Mexico contributed 42.7% of U.S. solid sucrose import value, Brazil 17.8%, and Colombia 9.7%. These three countries jointly accounted for 70.3% of total import flows in value terms.

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

World map of product's imports to the United States in value, 2017-2020