MERCOSUR: Sugar Cane Market 2024

Sugar Cane Market Size in MERCOSUR

The MERCOSUR sugar cane market totaled $X.6B in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X.6B in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar Cane Production in MERCOSUR

In value terms, sugar cane production reduced to $X in 2022 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X.5B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Brazil (X tons) remains the largest sugar cane producing country in MERCOSUR, comprising approx. X% of total volume. Moreover, sugar cane production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tons), more than tenfold.

In Brazil, sugar cane production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

In 2022, the average yield of sugar cane in MERCOSUR rose modestly to X tons per ha, growing by X% against 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar cane were harvested in MERCOSUR; falling by X% on 2021. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar cane production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Sugar Cane Exports

Exports in MERCOSUR

Sugar cane exports declined markedly to X tons in 2022, waning by X% compared with the previous year. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, sugar cane exports dropped markedly to $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Brazil represented the key exporter of sugar cane in MERCOSUR, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X tons), making up a X% share of total exports.

Brazil was also the fastest-growing in terms of the sugar cane exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Brazil increased by X percentage points.

In value terms, Brazil ($X) remains the largest sugar cane supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Brazil, sugar cane exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Sugar Cane Imports

Imports in MERCOSUR

In 2022, supplies from abroad of sugar cane decreased by X% to X kg, falling for the second consecutive year after two years of decline. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar cane imports shrank dramatically to $X in 2022. In general, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of sugar cane imports in 2022 were Paraguay (X kg), together amounting to X% of total import.

Paraguay experienced a relatively flat trend pattern with regard to volume of imports of sugar cane. Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X) constitutes the largest market for imported sugar cane in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Paraguay was relatively modest.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to X% per year.

Source: IndexBox Platform

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