Sugar production globally has grown exponentially in the last decade and it continues to do so until now. In 2019, the world produced 1,317 million metric tons of sugar, which was 2 percent higher than in 2018 and 8 percent higher than in 2000. The total global production of sugar from cane and beet had increased to 1,382 million metric tons in 2020, as per data by the Food and Agriculture Organization (FAO). More than half of that sugar production came from Brazil, India, China, and Mexico. The top 10 sugar-producing countries were responsible for 54 percent of the total global output in 2021-2022.
The international trade of sugar, including imports and exports, contributes to the economic development of many countries. The ten major sugar importing countries and their percentage of the world sugar trade in 2009 were as follows: United States (16 percent), Germany (9 percent), France (8 percent), Canada (6 percent), Japan (5 percent), Belgium-Luxembourg (5 percent), China (4 percent), South Korea (3 percent), Switzerland (3 percent) and Italy (2 percent). India and Netherlands tied with 1% each. Indonesia accounted for less than 1% of world trade.
Sugar Import in India has been growing at a fast pace during the past years, and this trend is expected to continue over the next eight years. Sugar import in India has been growing at a fast pace during the past years, and this trend is expected to continue over the next eight years. Sugar import in India accounts for around 10% of total sugar imports in Asia-Pacific region, which in 2015 was pegged at US$9 billion. This will further increase due to a growing demand in the Indian market due to changing lifestyle and increasing population of India which will drive growth of the sugar import market over the forecast period from 2016 to 2022.
India’s exports of sugar to Morocco stood at US$1.32 million in 2016, according to Trading Economics global macro models and the latest IMF data. In the long term, the Indian Sugar Exports to Morocco was projected to trend around US$1.36 million in 2020, according to our econometric models. India’s exports of sugar to Morocco are expected to increase 97.2% from 2016 to 2020 at an estimated annual rate of 9.6%.
Sugar is one of the most important food products. It is used as a sweetener, preservative, and flavour enhancer in various food products. The global export-import market of sugar is expected to reach USD 36 billion by 2022, growing at a CAGR of 6% during 2017-2022.
The second largest producer of sugar, India contributes around 20% of the global supply. There are around 5 crore farmers employed and thousands of mills all across the country manufacturing and supplying sugar to cater to our sweet tooth. This is an emerging sugar industry in the country that we are talking about here.
The sugar industry comprises the production, processing and marketing of sugars. Sugar beets and sugarcanes have the largest percentages of sugar among different types of plants. This is why they are the most preferred choices when it comes to extraction. The global sugar market attained a volume of 193.2 million tons in 2020. This growth is expected to continue with the forecast for 2026 by independent market research firms to be around 202.1 million tons.
Sugar is certainly one of the most significant commodities in the world because of its prevalent use in a wide range of cuisines. Here, you will get to know about the top 5 Sugar Importing Countries during 2020-21.
Today, India holds the coveted spot of being the largest producer of Sugar in the world. However, as “Rome was not built in a day”, similarly this remarkable feat also has its own share of ups and downs.
ICUMSA-45 Sugar – Health Benefits
Some of the health benefits of consuming sugar are as follows: