The global raw sugar equivalent market in 2023 was notably led by India, with 19,000 metric tons, significantly outpacing other nations like the United States and China. India showed a notable growth rate of 0.67% year-on-year, outlining its significant position in the market. Other countries like Pakistan and Indonesia demonstrated high increases, 0.75% and 0.62% respectively, indicating strong market dynamics. Meanwhile, Japan and Ukraine saw declines of -0.52% and -1.62%, respectively, illustrating challenges within their domestic markets.
Future trends to watch include India's continuous dominance and its potential to further expand its market influence. Observations of developing countries like Pakistan and Indonesia can also provide insights into shifting market dynamics. Additionally, environmental impacts and global sugar demand fluctuations might shape future market trends. These factors could lead to more pronounced differences in production volumes and market shares between countries.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 19 | 2023 | +0.95% | +0.67% | View data |
| 2 | 2 United States | 7.07 | 2023 | +0.24% | +0.19% | View data |
| 3 | 3 China | 6.61 | 2023 | 0% | 0% | View data |
| 4 | 4 Brazil | 5.38 | 2023 | +0.22% | +0.16% | View data |
| 5 | 5 Russia | 3.56 | 2023 | +0.24% | +0.21% | View data |
| 6 | 6 Pakistan | 3.41 | 2023 | +0.92% | +0.75% | View data |
| 7 | 7 Indonesia | 3.3 | 2023 | +1.43% | +0.62% | View data |
| 8 | 8 Mexico | 3.04 | 2023 | -0.043% | +0.22% | View data |
| 9 | 9 Germany | 1.99 | 2023 | +0.2% | +0.16% | View data |
| 10 | 10 France | 1.79 | 2023 | +1.02% | +0.48% | View data |
