US Sugar Market

randy18
15.01.23 03:43 PM Comment(s)

US Sugar Market

U.S. sugar imports are expected to increase slowly over the 2016-2025 period compared to the recent average import. U.S. sugar production is projected to increase by 13.6% between 2016 and 2025. U.S. sugar consumption is projected to increase by 8.5% and ending stocks are predicted to increase by 3.0%. However, the U.S. sugar industry could face some uncertainty, mainly because of recent increases in sugar imports from Mexico. The recent agreement with the Mexican government has stabilized the domestic sugar price

The USA imports far more sugar than its exports

Mexico expects to export 983,835 tonnes of sugar to the US in the current season, out of total exports of 1.79m tonnes, according to the National Committee for the Sustainable Development of Sugar Cane, or Conadesuca, a government agency.

In 2008, total reduced sugar packaged food amounted to 5.7 billion U.S. dollars. Retail sales of this product group were projected to reach 7.3 billion U.S. dollars in 2014.

Sugar cane production in the U.S. from 2000 to 2016 (in 1,000 tons)

In 2016, over 32 million tons of sugar cane were produced in the United States. The world sugar production amounted to about 170.9 million metric tons in 2016/2017.

The recovery of world trade this year and next is based on expected world real GDP growth at market exchange rates of 2.7% in 2017 and 2.8% in 2018.  This GDP estimate assumes that developed economies maintain generally expansionary monetary and fiscal policies, and that developing economies continue to emerge from their recent slowdown.  It should be noted that the WTO does not produce its own GDP forecasts, but rather uses consensus estimates based on a variety of sources including the International Monetary Fund, the Organization for Economic Cooperation and Development, and the United Nations, among others