Sugar decreased 0.21 Cents/LB or 1.07% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Sugar - values, historical data, forecasts and news - updated on March of 2025.

The global price of high fructose corn syrup was forecast to decrease between 2023 and 2032 by in total 71.5 U.S. dollars per tonnes. This overall decrease does not happen continuously, notably not in 2026, 2027, 2028, 2029, 2030, 2031 and 2032. The global price is estimated to amount to 758.23 U.S. dollars per tonnes in 2032. Notably, the global price of high fructose corn syrup was continuously increasing over the past years.World price refers to the price of commodities outside of one's own country and is determined by global levels of supply and demand. Sugar manufacturing

Sugar manufacturing is a long and meticulous process to execute. The initial steps include cleaning, milling, and clarification; it then moves to evaporation and crystallization, finishing with crystal separation. The sugar is refined before it hits the shelves to ensure all impurities get extracted. In 2023, the sugar manufacturing market value was forecasted at around 78 billion U.S. dollars, a 45 percent decrease from the market value in 2012. Since 2012, the decrease has fluctuated between 60 to 90 billion U.S. dollars .

Sugar production and consumption

As of 2023/2024, sugar production worldwide was about 183 million metric tons, a 13 percent increase from 2010/2011. The production value is forecasted to increase by just over 2 million metric tons by 2024/2025. Sugar consumption worldwide is also forecasted to slightly increase in 2024/2025 by just over 1 million metric tons from the previous year. The consumption of sugar has grown over the years and has increased by just over 13 percent from 2010/2011 to 2023/2024.

Sugar Price Index in World increased to 118.50 Index Points in February from 111.20 Index Points in January of 2025. This dataset includes a chart with historical data for World Sugar Price Index.

The FAO Sugar Price Index was measured at 111.2 points for January 2025. 2023 saw the highest prices since 2011. The combined impact of the coronavirus pandemic, the war in Ukraine, and high inflation rates likely contributed to increasing prices in past years. Global sugar price In 2024, the global sugar price is forecast to decrease by more than ten percent, as compared to 2023. In general, the total sugar consumption worldwide has gradually increased during the last 12 years. In 2010/11, the global consumption of sugar amounted to about 156 million metric tons. By 2023/24, it had increased to about 177 million metric tons. However, the market value of the global sugar industry has fluctuated over the years. In 2012, the global sugar manufacturing industry was valued at over 113 billion U.S. dollars, compared to just under 78 billion U.S. dollars in 2022. Global sugar exports Total global sugar exports amount to more than 68 million metric tons per year. The leading sugar-exporting country worldwide is Brazil. The South American country is the world’s largest sugar producer and accounts for about half of the entire global sugar exports. Thailand and India are the countries with the second and third most sugar exports worldwide. Those two countries export about 10 and 4.6 million metric tons of sugar per year, respectively. The main importer of sugar worldwide is Indonesia. The Southeast Asian country imports approximately five million metric tons of sugar. The United States ranks in third place, with sugar imports of about 3.1 million metric tons of sugar annually.

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Raw Sugar Market Size 2025-2029

The raw sugar market size is forecast to increase by USD 152.7 million at a CAGR of 2.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for raw sugar in various food and beverage applications. This trend is particularly prominent in the global food industry, where raw sugar is widely used as a sweetener in baked goods, confectionery, and beverages. Additionally, the emergence of e-commerce platforms has facilitated the easy availability and accessibility of raw sugar to consumers, further fueling market growth. However, the high production cost of raw sugar poses a significant challenge to market participants. Producers must navigate this cost structure to remain competitive and maintain profitability. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on optimizing production costs, exploring alternative sources of raw materials, and expanding their presence in emerging markets. By staying informed of these market dynamics, businesses can make strategic decisions and operational plans that position them for success in the evolving the market.

What will be the Size of the Raw Sugar Market during the forecast period?

Request Free SampleThe market encompasses the global trade of raw, unrefined sugar derived primarily from the sap of sugarcane. This market exhibits significant volatility due to various factors, including supply and demand dynamics, weather conditions affecting crop production, and geopolitical influences. The market size is substantial, with key applications including food and beverage manufacturing, biofuel blending, and various industrial processes. Raw sugar's versatility extends to various industries, making it an essential ingredient in various sectors. In food and beverage production, it serves as a sweetener, texture modifier, flavoring agent, coloring agent, and bulking agent. In the industrial sector, it is used as a fermentation substrate and natural preservative. The Intercontinental Exchange (ICE) plays a crucial role in the market, providing a platform for trading raw sugar futures and CFD financial instruments. The market is subject to tariff barriers and other trade regulations, which can impact prices and availability. The trend towards clean label and natural products has led to increased demand for raw sugar in certain applications. Biofuel blending also presents a significant growth opportunity for raw sugar, as it is used as a feedstock in the production of bioethanol.

How is this Raw Sugar Industry segmented?

The raw sugar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductLiquid sugarCrystallized sugarTypeConventionalOrganicGeographyAPACChinaIndiaJapanSouth AmericaBrazilEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and Africa

By Product Insights

The liquid sugar segment is estimated to witness significant growth during the forecast period.Raw sugar is a fundamental agricultural commodity used extensively in various industries, including food and beverage manufacturing and biofuel production. According to recent market research, The market size was estimated at around 142.5 million metric tons in 2020, with an average price of USD0.13 per lb. Cane crop is the primary source of raw sugar, accounting for over 70% of the global production. The production mix also includes sugar beet and cane juice. Biofuel ethanol is another significant application of raw sugar, with an estimated 10% of the global sugar output used for this purpose. Median estimates suggest that this trend will continue, leading to a small increase in demand for raw sugar. Poll participants anticipate that the Green Pool, a raw sugar futures contract on The Intercontinental Exchange, will influence sugar prices. The fuel ethanol industry's growth is influenced by crude oil benchmarks and sugar ethanol prices. Cane producers benefit from biofuel blending mandates, while glass manufacturing industries, such as float, sheet, rolled, solar, tempered, laminated, insulated, coated, energy-efficient, and architectural glass, use raw sugar as a natural preservative, texture modifier, fermentation substrate, flavoring agent, and coloring agent. However, tariff barriers, EU sugar policy, climate change, and water scarcity pose challenges to the market's growth. The , , and various research firms like , , and

Get a glance at the market report of share of various segments Request Free Sample

The Liquid sugar segment was valued at USD 765.70 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 45% to the growth of

Thailand Refined Sugar Prices: Next 9 Months data was reported at 330.500 THB/USD in Sep 2018. This records an increase from the previous number of 315.300 THB/USD for Aug 2018. Thailand Refined Sugar Prices: Next 9 Months data is updated monthly, averaging 399.040 THB/USD from Jan 2014 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 543.680 THB/USD in Sep 2016 and a record low of 315.300 THB/USD in Aug 2018. Thailand Refined Sugar Prices: Next 9 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P011: Refined Sugar Price in London Future Market: Forecast.

Thailand Raw Sugar Prices: Current Quarter data was reported at 13.570 THB/USD in Feb 2018. This records a decrease from the previous number of 13.980 THB/USD for Jan 2018. Thailand Raw Sugar Prices: Current Quarter data is updated monthly, averaging 14.405 THB/USD from Jan 2015 (Median) to Feb 2018, with 8 observations. The data reached an all-time high of 20.540 THB/USD in Jan 2017 and a record low of 13.310 THB/USD in Feb 2016. Thailand Raw Sugar Prices: Current Quarter data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P010: Raw Sugar Price in New York Future Market: Forecast.

Explore the world of sugar futures, financial contracts that let investors hedge or profit from price changes. Discover how factors like weather, government policies, and market dynamics impact sugar prices, and learn how companies and speculators navigate this complex landscape on exchanges like ICE and NYMEX.

This statistic depicts the average monthly prices for sugar in the United States, Europe and worldwide from January 2014 through January 2025. In January 2025, the average monthly price for sugar in Europe stood at 0.34 nominal U.S. dollars per kilogram.

The UK sugars market reduced to $149M in 2024, which is down by -12% against the previous year. In general, consumption, however, recorded a strong expansion. Over the period under review, the market reached the peak level at $170M in 2023, and then contracted in the following year.

The Indian sugar cane market shrank slightly to $231.7B in 2024, which is down by -2% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugar cane consumption peaked at $236.5B in 2023, and then contracted slightly in the following year.

The Pakistani sugar cane market reduced to $46.7B in 2024, shrinking by -2.2% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +2.3% against 2022 indices.

Thailand Refined Sugar Prices: Next 33 Months data was reported at 348.220 THB/USD in Sep 2018. This records a decrease from the previous number of 399.460 THB/USD for Dec 2017. Thailand Refined Sugar Prices: Next 33 Months data is updated monthly, averaging 415.655 THB/USD from Sep 2014 (Median) to Sep 2018, with 16 observations. The data reached an all-time high of 525.990 THB/USD in Oct 2016 and a record low of 348.220 THB/USD in Sep 2018. Thailand Refined Sugar Prices: Next 33 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P011: Refined Sugar Price in London Future Market: Forecast.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Raw Cane Sugar and Sugarcane Mill Products and Byproducts (WPU02520106) from Dec 2003 to Feb 2025 about sugar, mills, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

The revenue of the sugar cane market in Djibouti amounted to $X in 2018, remaining constant against the previous year. In general, the total market indicated a temperate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sugar cane consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the sugar cane market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Graph and download economic data for Global price of Sugar, No. 16, US (PSUGAUSAUSDM) from Jan 1990 to Feb 2025 about sugar, World, and price.

Thailand Raw Sugar Prices: Next 24 Months data was reported at 12.740 THB/USD in Sep 2018. This records an increase from the previous number of 12.620 THB/USD for Aug 2018. Thailand Raw Sugar Prices: Next 24 Months data is updated monthly, averaging 15.320 THB/USD from Jul 2015 (Median) to Sep 2018, with 21 observations. The data reached an all-time high of 20.590 THB/USD in Oct 2016 and a record low of 12.620 THB/USD in Aug 2018. Thailand Raw Sugar Prices: Next 24 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P010: Raw Sugar Price in New York Future Market: Forecast.

The global consumption of sugar amounted to about 177.33 million metric tons in 2023/24, and is projected to increase to about 178.79 million metric tons by 2024/2025. With the increase in world trade, better agricultural technology, among other reasons, sugar is cheaper and more widely available than ever. Sugar cane and sugar beets There are two major crops used to produce table sugar, sugar cane and sugar beets. Though they are two separate and distinct plants, the end product is identical no matter which plant is used to manufacture the sugar. In 2021, Brazil was the top producer of sugar cane worldwide, while the Russian Federation topped the list of sugar beets producers. Global sugar market In 2022/2023, about about 177 million metric tons of sugar were produced worldwide, up from 164.7 million metric tons of sugar in 2015/2016. India consumes the most sugar of any country, followed by the European Union and China. Between 2026 and 2031, the global price of sugar is expected to increase from about 680 U.S. dollars per ton to about 720 U.S. dollars per ton. The increase would still mark a lower price than sugar costs in 2022. This means that sugar might be even more readily accessible and affordable in the future, this could lead to further global health problems associated with excess sugar consumption.

The Kenyan sugar market skyrocketed to $1.5B in 2024, jumping by 24% against the previous year. Overall, consumption showed a resilient increase. Over the period under review, the market reached the maximum level in 2024 and is likely to see steady growth in the immediate term.

Thailand Refined Sugar Prices: Next 21 Months data was reported at 336.440 THB/USD in Sep 2018. This records an increase from the previous number of 327.680 THB/USD for Aug 2018. Thailand Refined Sugar Prices: Next 21 Months data is updated monthly, averaging 415.070 THB/USD from Jan 2014 (Median) to Sep 2018, with 57 observations. The data reached an all-time high of 573.000 THB/USD in Oct 2016 and a record low of 327.680 THB/USD in Aug 2018. Thailand Refined Sugar Prices: Next 21 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P011: Refined Sugar Price in London Future Market: Forecast.