Brazil leads the market with 31.58% share, followed by Thailand (11.66%), Australia (5.43%), and France (5.24%). Significant variations in 2023 include Myanmar (+10.95%), Argentina (+11.69%), Tunisia (+13.13%), and Ecuador (+25.32%). Notable declines were observed in Zimbabwe (-26.69%), Azerbaijan (-17.81%), and Jamaica (-12.94%). Last year shows Brazil growing by 1.39% while Thailand declined by 0.33%.
The global raw sugar market will likely see an increasing share of exports from Latin American countries, led by Brazil, with a significant rise in countries like Argentina and Ecuador. Asia, particularly Thailand, may face stiffer competition with comparatively moderate growth. Climate change, domestic consumption, and trade policies will continue to influence these trends.
Top countries in Raw Sugar Equivalent Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 31.58 | 2023 | -0.63% | +1.39% | View data |
| 2 | 2 Thailand | 11.66 | 2023 | +1.46% | -0.33% | View data |
| 3 | 3 Australia | 5.43 | 2023 | +1.35% | +2.01% | View data |
| 4 | 4 France | 5.24 | 2023 | +2.61% | +1.53% | View data |
| 5 | 5 India | 3.75 | 2023 | 0% | -0.6% | View data |
| 6 | 6 Germany | 3.29 | 2023 | +2.5% | +1.16% | View data |
| 7 | 7 Belgium | 2.29 | 2023 | +3.18% | +1.67% | View data |
| 8 | 8 Guatemala | 2.18 | 2023 | -2.14% | -1.1% | View data |
| 9 | 9 Mexico | 2.05 | 2023 | -2.21% | -3.23% | View data |
| 10 | 10 Pakistan | 1.94 | 2023 | +3.41% | +0.76% | View data |
