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Sugar
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Competitive Intelligence

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With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

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Manage Sugar Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Sugar related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Sugar to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Sugar related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Sugar to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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COVID 19 impact on Sugar market

  • Exports have fallen in Q4 2019 following the seasonal lows trade pattern, while the same is likely to continue in Q1 2020 owing to the impact of the Coronavirus and lockdown of trade across borders
  • Prices are expected to be volatile in the near-term considering COVID-19 outbreak and trade concerns

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Report Coverage

  • Trade analysis
  • Supply and Demand Trend
  • Cost of production
  • Price analysis

Production Size

Global Market Supply

287 MMT

Table of contents

  1. Executive Summary
  2. Executive Summary
  3. COVID-19 Impact

 

  1. Sugar Market Analysis
  2. Value Chain Analysis
  3. Global Sugar Market Analysis
  4. – Global Supply and Demand
  5. – Global Sugarcane and Sugar Beet Production
  6. – Global Refined Sugar Dynamics
  7. – Global Raw Sugar Dynamics
  8. – Global Sugar Season
  9. • Regional Market Outlook (Brazil, India, Thailand, US, and EU)
  10. – Supply–Demand Analysis
  11. – Trade Dynamics – Refined Sugar
  12. – Trade Dynamics – Raw Sugar
  13. – Government Policies

 

  1. Sugar Industry Analysis
  2. Industry Overview (global)
  3. – Porter’s Five Forces Analysis
  4. – Innovations in Sugar Industry

 

  1. Cost & Price Analysis
  2. Cost & Price Analysis (Brazil, US, and EU)
  3. – Cost Structure Analysis
  4. – Pricing Analysis

 

  1. Purchasing Analysis RFP/RFI Questionnaire
  2. Sample RFP Questions

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Global Market Outlook on Sugar

With the global sugar market witnessing a deficit of 9.3 MMT in 2019-20 the supply is likely to recover for the next crop

  • The global sugar market is expected to record a surplus of 9–10 MMT in 2020/2021, amid high output in key sugar growing countries such as Brazil, India and US; with global sugar production projected to increase 13.2 percent Y-o-Y
  • Further, looming uncertainty in demand from downstream processors due to Covid 19 is likely to raise stockpiles

Major Producing Countries

Production has been consistently increasing in all the major producing countries, significantly 38 percent increase in EU post sugar quota removal.The market is currently facing massive supply with high production from EU, Thailand and India.Anticipated El Nino conditions could be expected to curb the production in the Asian countries.Production in India dropped in 2016/17, however, increased by 46 percent in 2017/18, glutting the global market.

Trade Dynamics

Exports in the global market were impacted with barrier in China for imports, however, with declining stock levels in China it could be expected to reopen the import trade by 2018/19.

Despite Brazil being the leading exporter, sugar exports dropped in June 2018, down by 2.12 MMT than May 2018.

  • Imports trend remain stable, whereas global exports are consistently increasing, flooding the market
  • Exports of Refined sugar has gone up by 20 percent globally, with increase in exports of EU alone by 2.2 MM, which contributed to 50 percent of the total increase of exports
  • Major importer of sugar is Indonesia with 8 percent of market share. Prior to import restrictions by the government, China was the largest importer of sugar globally
  • Exports of India and Europe has surged beyond 50 percent with high production and removal of quotas in UE
  • Brazil exports declined this season with declined production estimates

Supply and demand of Sugar

With surplus supply of 24.5MMT hitting the market currently, plantings for 2018/19 is scaled down and the production could decline by 4 percent

Production in EU for 2017/18 has reached 21.15MMT, 16 percent higher after the quota removal in 2016/17

Quota Relaxation Impact:

  • Until September 2017, European Union had production limitation which was removed as of October 2017
  • Sugar prices were attractive in Europe until 2017 and so, major producers like Germany and France increased acreage by 25 percent for 2017/18 to be released at the end of sugar quota
  • In 2017/18 season, production estimates of sugar reached 21.15 million metric tons from 18.3 million metric tons from last season

Imports of Sugar

Imports have declined by an approximate 45-50 percent in 2017/18 when compared to 2016/17 and the trend is expected to continue in 2018/19. 

Import dependency has reduced drastically with removal of limitation in production.

Quota Relaxation Impact:

  • With favorable sugar production quotas, EU imports have been cut down by nearly half from 2.6MMT in 2016/17 to 1.4MMT in 2018/19
  • Stocks in EU is expected to increase to 2.2MMT than the year previous with favorable beet and cane production this term, which in turn will reduce imports further
  • Decline in refined sugar imports were 55 percent, whereas that of Raw sugar were 40 percent from that of 2016/17

Exports of Sugar

Europe could be expected to become net exporter in 2017/18 and 2018/19 with high production, however export prices are highly competitive.

Exports more than doubled this year, witnessing a consistent increase owing to surplus production this year and removal of export barriers.

Quota Relaxation Impact:

  • Until September 30th 2017, sugar imports and exports were highly restricted in Europe to control the sugar prices and support Least Developed Countries
  • Since 1st October 2017, export barriers were removed and at present, European countries are exporting sugar at zero duty. This unrestricted situation is expected to increase the current season's exports by more than 45 percent from 2016/17
  • Exports of 2017/18 is estimated to be 3.7MMT, 150 percent jump post removal of quotas of which 99 percent of exports are of Refined sugar

Cost Structure Analysis

Raw material cost is the major impacting factor of the sugar price which contributes up to 80 percent of the production cost.

Sugar companies having diversified production segments other than sugar segment have been shielded from losses to certain extent.

 

 Quota Relaxation Impact:

  • With anticipation of falling feedstock (beet) prices post quota removal, many French beet producers engaged in prior price contracts for 1-2 years
  • However, sugar companies including key players in Europe are struggling to breakeven with falling sugar prices consistently
  • With excess feedstock and dropping sugar prices globally, majority manufactures produce excess to cut down production cost and improve margins in EU
  • This further intensifies the supply glut situation and drops the sugar prices further down

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