India leads the global raw sugar equivalent demand with 29.32 million metric tons, followed by China (14.43 million metric tons), Brazil (12.63 million metric tons), and the United States (11.08 million metric tons). Year-on-year variations show notable increases in countries like Bangladesh (3.73%), Nepal (2.67%), and Indonesia (2.24%). In contrast, significant decreases are observed in the United Arab Emirates (-6.91%), Ukraine (-2.6%), and Belarus (-2.73%). The five-year CAGR highlights a steady global demand growth, driven by population increases and urbanization in developing nations.
Future trends to watch include shifts in consumption patterns due to health concerns and regulatory changes, potential market disruptions due to climatic conditions affecting sugarcane yields, and growth in alternative sweeteners as substitutes for sugar due to changing consumer preferences.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 29,320 | 2023 | +0.95% | +0.67% | View data |
| 2 | 2 China | 14,430 | 2023 | 0% | 0% | View data |
| 3 | 3 Brazil | 12,630 | 2023 | +0.032% | +0.18% | View data |
| 4 | 4 United States | 11,080 | 2023 | +0.24% | +0.19% | View data |
| 5 | 5 Indonesia | 7,150 | 2023 | +2.42% | +2.24% | View data |
| 6 | 6 Russia | 6,660 | 2023 | +0.2% | +0.18% | View data |
| 7 | 7 Pakistan | 5,290 | 2023 | +0.92% | +0.76% | View data |
| 8 | 8 Mexico | 4,760 | 2023 | 0% | +0.25% | View data |
| 9 | 9 Germany | 3,540 | 2023 | 0% | -0.079% | View data |
| 10 | 10 Egypt | 3,530 | 2023 | +0.97% | +1.17% | View data |
