In 2023, China led in global raw sugar processing with a 47.16% share and a year-on-year growth of 1.2%. Russia followed with a 12.08% share but exhibited minimal growth (0.034%). Notable year-on-year increases were observed in Thailand (2.51%) and Peru (2.28%). Conversely, countries like Belarus (-5.66%), Namibia (-4.14%), and Ukraine (-4.71%) showed significant declines. Despite its smaller share, Nepal (0.45%) surged by 11.46%, hinting at potential growth trends.
Future trends to watch include China's continued dominance, Russia's stabilization efforts, and emerging markets like Nepal that are poised for rapid growth. Fluctuations in global trade policies and climate impacts could also affect these trends.
Top countries in Raw Sugar Equivalent Processing Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.16 | 2023 | -0.83% | +1.2% | View data |
| 2 | 2 Russia | 12.08 | 2023 | +0.086% | +0.034% | View data |
| 3 | 3 Thailand | 6.59 | 2023 | +2.42% | +2.51% | View data |
| 4 | 4 Malaysia | 4.31 | 2023 | +0.73% | +1.04% | View data |
| 5 | 5 Peru | 3.9 | 2023 | +1.9% | +2.28% | View data |
| 6 | 6 Australia | 3.42 | 2023 | -0.6% | -0.24% | View data |
| 7 | 7 Austria | 2.93 | 2023 | 0% | -0.071% | View data |
| 8 | 8 South Africa | 2.23 | 2023 | +0.47% | +0.96% | View data |
| 9 | 9 Bangladesh | 1.86 | 2023 | +2.29% | +2.4% | View data |
| 10 | 10 Algeria | 1.55 | 2023 | +2.05% | +1.11% | View data |
