The Indian sugar market surged to $17.2B in 2024, with an increase of 17% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +87.9% against 2022 indices.

74643 Global export shipment records of Indian Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

The Indian sugar cane market expanded to $252.4B in 2024, picking up by 2.3% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugar cane consumption peaked in 2024 and is expected to retain growth in the near future.

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Get the latest insights on price movement and trend analysis of Refined Sugar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

1452 Global export shipment records of Coconut Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

8198 Global export shipment records of Organic Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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412 Global export shipment records of White Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. The largest sugar markets worldwide were India ($11B), Brazil ($8.3B) and China ($7.6B), together accounting for 26% of the global market.

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In fiscal year 2022, the overall sugar import value amounted to over 12 billion Indian rupees in India. This was a significant decrease as compared to the previous year. The value of sugar imports has been fluctuating over the years.

35207 Global export shipment records of Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Indian cocoa powder with sugar market reduced slightly to $575M in 2024, standing approx. at the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cocoa powder with sugar consumption peaked at $689M in 2016; however, from 2017 to 2024, consumption remained at a lower figure.

In 2023, approx. 443 kg of sugar beet were exported from India; declining by -99.1% against the previous year.

49619 Global export shipment records of Sugar Cane with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2024, the Indian sugar-manufacturing industrial machinery market increased by 43% to $26M, rising for the second year in a row after four years of decline. In general, consumption recorded resilient growth. Over the period under review, the market reached the peak level at $30M in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

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