In 2023, Indonesia led the global centrifugal sugar import market, with significant shares held by China, the United States, and Bangladesh. Key market movements include strong growth manifestations in Saudi Arabia, Vietnam, Ethiopia, and Azerbaijan, while Pakistan saw a complete halt in imports. Notable declines were observed in Taiwan, Ghana, and the Philippines. Over the past five years, markets such as Laos, Mexico, and the Dominican Republic have shown robust average annual growth.
Future trends to watch:
- Continued growth in emerging markets such as Ethiopia and Vietnam as demand and economic conditions improve.
- Potential shifts in major importing countries based on supply chain disruptions or shifts to domestic sugar production.
- Impact of trade policies, sustainability initiatives, and health consciousness on global sugar import dynamics.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 9.73 | 2023 | -2.93% | +0.98% | View data |
| 2 | 2 China | 7.95 | 2023 | -1.15% | -3.64% | View data |
| 3 | 3 United States | 4.91 | 2023 | -9.9% | +0.39% | View data |
| 4 | 4 Bangladesh | 4.06 | 2023 | +12.44% | -0.66% | View data |
| 5 | 5 Saudi Arabia | 3.48 | 2023 | +8.33% | +8.47% | View data |
| 6 | 6 Algeria | 3.46 | 2023 | +0.76% | -2.99% | View data |
| 7 | 7 Malaysia | 3.41 | 2023 | -7.15% | -1.58% | View data |
| 8 | 8 Nigeria | 3.33 | 2023 | -1.03% | +0.63% | View data |
| 9 | 9 United Arab Emirates | 3.24 | 2023 | +7.14% | +3.5% | View data |
| 10 | 10 South Korea | 3.07 | 2023 | -2.42% | -2.35% | View data |
