When it comes to sugar production and export, there are a few countries that dominate the market. With sugar being one of the most widely consumed items across the globe, it is important to understand which countries are the leading exporters of this commodity. This guide aims to provide a comprehensive overview of the top sugar exporters by country across the globe, as well as some information on what makes each of these countries the biggest exporters.
Brazil
Brazil is the leading sugar exporter in the world, exporting 36.7% of total sugar exports and a US$9.2 billion worth of sugar during 2021. It is estimated that in the 2021/2022 period, Brazil is responsible for 25.65 million metric tons of total sugar exports. Brazil is one of the few countries that is both a major producer and exporter of sugar.
India
India is the second largest exporter of sugar in the world, with a 15.2% share of total sugar exports and a total value of US$3.8 billion in 2021. India has the third-largest production of sugar in the world and the country continues to invest around $2.5 billion a year in the sector, in order to maintain its one of the largest expanded production and export capacity.
Thailand
Thailand comes in third in global sugar exports, at 6.1% of total sugar exports amounting to a US$1.5 billion worth of sugar in 2021. Other important sugar exporting countries include Germany and France, along with other countries from Europe, Asia, Africa, and North America. Thailand and India, together, account for a majority of the world’s sugar exports.
Mexico and the United States of America
Mexico and the United States of America have traditionally been the two main sources of sugar imports, with a combined share of over 30% of global sugar imports. The former is the sixth largest sugar exporter in the world and the latter is ranked 17th, with a 2.4% share of total sugar exports that amount to US$611.5 million and US$1.05 billion worth of sugar in 2021 respectively.
Other Countries
Apart from the major sugar exporters mentioned above, there are many other countries that are quite important in the global sugar market. Other major exporters include countries such as Morocco, Sudan, Ethiopia, and the United Arab Emirates, who together account for over 10% of global sugar exports.
Factors Affecting The Sugar Export Market
There are several factors that influence the global sugar export market. The world market demand, the global production of sugar, and the prices of the commodity are just some of the most important factors. The presence of foreign subsidies have also impacted the global sugar market, with several countries relying on subsidized imports to meet their consumption needs.
Conclusion
Sugar is one of the most widely consumed items across the globe and, as a result, the sugar export market is of particular importance. This guide has outlined the top sugar exporters by country, as well as some information on the factors that impact the market. Through understanding the major exporters, it is easier to see which countries are currently dominating the market, and how the industry might develop in the future.