The global raw sugar equivalent market has seen dynamic changes over the past year. India leads with a significant volume of 29.32 million metric tons, followed by the United States and China with 10.91 and 10.2 million metric tons, respectively. A year-on-year analysis highlights notable growth in countries such as Pakistan, Indonesia, Egypt, Ethiopia, and Kenya, all exceeding 0.6% in 2023. Contrarily, the Ukraine and Venezuela markets experienced declines of -1.62% and -1.32%, respectively. These shifts reflect regional economic conditions, consumption patterns, and production efficiency fluctuations.
Looking ahead, changes in climate, technological advancements in sugar manufacturing, and policies governing agricultural practices will likely shape the market. Key trends include the rise of alternative sweeteners impacting raw sugar demand, regional trade agreements influencing the supply chain, and increased focus on sustainability, driving innovations in sugar production and consumption.
| # | 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 United States | 10,910 | 2023 | +0.24% | +0.19% | View data |
| 3 | 3 China | 10,200 | 2023 | 0% | 0% | View data |
| 4 | 4 Brazil | 8,300 | 2023 | +0.22% | +0.16% | View data |
| 5 | 5 Russia | 5,500 | 2023 | +0.24% | +0.21% | View data |
| 6 | 6 Pakistan | 5,260 | 2023 | +0.92% | +0.75% | View data |
| 7 | 7 Indonesia | 5,090 | 2023 | +1.43% | +0.62% | View data |
| 8 | 8 Mexico | 4,700 | 2023 | -0.043% | +0.22% | View data |
| 9 | 9 Germany | 3,070 | 2023 | +0.2% | +0.16% | View data |
| 10 | 10 France | 2,760 | 2023 | +1.02% | +0.48% | View data |
