In 2023, Brazil dominated global centrifugal sugar exports, showing a robust increase of 10.64% year-on-year, followed by Thailand, which saw a slight decline of 1.18%. Significant growth was observed in the UAE at 35.65%, urging its position as an emerging player. India experienced a 6.7% increase, maintaining its stronghold. Negative trends were evident in countries like Mexico and Pakistan with considerable contractions of 13.77% and 25.65%, respectively, highlighting the volatility in these markets. A notable performance in smaller exporters like Azerbaijan with a remarkable increase of 130.45% indicates shifting dynamics.
Future trends to monitor include Brazil's continued dominance and potential policy changes in major exporting countries like India and Thailand. Emerging markets like the UAE and Azerbaijan are crucial to watch for potential investments and market expansion. The global push towards sustainable practices might impact sugar production and exports as countries align with environmental targets.
Top countries in Centrifugal Sugar Export by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 32,500 | 2023 | +15.25% | +10.64% | View data |
| 2 | 2 Thailand | 10,000 | 2023 | +5.26% | -1.18% | View data |
| 3 | 3 India | 6,500 | 2023 | -12.55% | +6.7% | View data |
| 4 | 4 Australia | 3,300 | 2023 | +1.54% | -2.45% | View data |
| 5 | 5 Guatemala | 1,660 | 2023 | +0.3% | -4.8% | View data |
| 6 | 6 Mexico | 1,110 | 2023 | +3.92% | -13.77% | View data |
| 7 | 7 United Arab Emirates | 960 | 2023 | +2.13% | +35.65% | View data |
| 8 | 8 South Africa | 770 | 2023 | +6.65% | -5.85% | View data |
| 9 | 9 Morocco | 720 | 2023 | +1.41% | +7.69% | View data |
| 10 | 10 Colombia | 680 | 2023 | +1.49% | -3.22% | View data |
