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

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

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

Abi - AI powered digital procurement assistant

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

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

Assess Supplier Risk based on key risk and compliance parameters

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

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

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

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

Benchmark your category performance against peers and the market

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

Get information on key factors affecting your supply

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

Are your suppliers secure from the covid-19 impact?

Sugar Category Intelligence

Report Coverage

Trade analysis
Supply and Demand Trend
Cost of production
Price analysis

Production Size

Global Market Supply

287 MMT

Sugar Market Trends

Category Intelligence on Sugar covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of contents

Executive Summary
Executive Summary
COVID-19 Impact

Sugar Market Analysis
Value Chain Analysis
Global Sugar Market Analysis
– Global Supply and Demand
– Global Sugarcane and Sugar Beet Production
– Global Refined Sugar Dynamics
– Global Raw Sugar Dynamics
– Global Sugar Season
• Regional Market Outlook (Brazil, India, Thailand, US, and EU)
– Supply–Demand Analysis
– Trade Dynamics – Refined Sugar
– Trade Dynamics – Raw Sugar
– Government Policies

Sugar Industry Analysis
Industry Overview (global)
– Porter’s Five Forces Analysis
– Innovations in Sugar Industry

Cost & Price Analysis
Cost & Price Analysis (Brazil, US, and EU)
– Cost Structure Analysis
– Pricing Analysis

Purchasing Analysis RFP/RFI Questionnaire
Sample RFP Questions

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Industry Outlook & Drivers

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

SugarMarket Frequently Asked Questions

What is the supply and consumption outlook of the global sugar market?
While the global sugar supply reached 287 million metric tons (MMT) during 2020-21, the global consumption pegged 178 MMT within the same timeline.

What is the global sugar production growth year on year?
As per the research, global sugar production is expected to grow at around 13% year on year (Y-o-Y) over the forecast period.

Which regions are the leading importers of sugar?
China has been the major sugar importer; however, the imports have dropped due to policymakers' restrictions. At present, Indonesia is at the driver’s seat in global sugar imports.

What are the key driving forces in the global sugar market?
Increasing sugarcane prices, a conducive regulatory environment, and favorable domestic sugar policies are primarily driving the global sugar market revenue.

Which regions have witnessed a notable surplus production?
The European Union (EU), Thailand, China, and India witnessed a significant surplus supply of sugar during 2020-21 compared to the previous five years’ average.

In which regions are sugar manufacturers eyeing potential revenue prospects?
Sugar manufacturers are turning to South Africa and Pakistan for potential growth avenues. Export share in both the countries surged to 75% and 50% respectively in 2019 compared to 2015.

Which is the critical factor affecting sugar prices?
Sugar prices are majorly affected by the raw material costs, which make up for around 4/5 of the overall production expenses.

Why has the EU reduced its sugar imports?
Sugar imports in the EU have declined, owing to the encouraging sugar production quotas in the region. In addition, sugar stocks in the EU are likely to increase to 2.2 MMT compared to the previous year with solid cane and beet yield.

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