In 2023, China led the global raw sugar equivalent processing with significant growth of 1.2%, highlighting its expanding sugar industry. Other key players like Thailand (2.51%) and Peru (2.28%) showed considerable year-on-year increases, emphasizing regional strengths. Conversely, countries like Australia and Belarus experienced declines, reflecting possible market saturation or competitive pressures.
Looking forward, countries such as Venezuela, with a noteworthy 14.87% growth, indicate potential emerging markets. Watch for shifts in economic policies, climate impacts on agriculture, and global trade dynamics, as these factors will significantly influence future processing trends worldwide.
Top countries in Raw Sugar Equivalent Processing by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 4,550 | 2023 | -0.83% | +1.2% | View data |
| 2 | 2 Russia | 1,170 | 2023 | +0.086% | +0.034% | View data |
| 3 | 3 Thailand | 635 | 2023 | +2.42% | +2.51% | View data |
| 4 | 4 Malaysia | 416 | 2023 | +0.73% | +1.04% | View data |
| 5 | 5 Peru | 376 | 2023 | +1.9% | +2.28% | View data |
| 6 | 6 Australia | 330 | 2023 | -0.6% | -0.24% | View data |
| 7 | 7 Austria | 282 | 2023 | 0% | -0.071% | View data |
| 8 | 8 South Africa | 215 | 2023 | +0.47% | +0.96% | View data |
| 9 | 9 Bangladesh | 179 | 2023 | +2.29% | +2.4% | View data |
| 10 | 10 Algeria | 149 | 2023 | +2.05% | +1.11% | View data |
