Global Sugar Market

Goals

The goal is to find current trends and insights into the global sugar market, as well as predicted market changes and trends by 2020 for personal use.

Early Findings

  • The global sugar market produced almost 188 million tons in 2018 and is expected to grow to almost 200 million tons by 2024, with a CAGR of almost 1%.
  • The majority of the global sugar supply still comes from sugar cane, while a small amount comes from sugar beets.
  • The current sugar market is broken down by white, brown, and liquid sugar on a general level. It is further segmented into granulated sugar, powdered sugar and syrup sugar.
  • According to the International Sugar Organization, global sugar prices have "hit bottom", with raw sugar costing less than 10 cents per pound.
  • Director Jose Orive also predicts a "global sugar deficit of about 3.5 million tonnes in 2019-20, growing to nearly 6 million tonnes in 2020-21".
  • Weather and the "war against sugar" are the current major things that are quickly changing the global sugar outlook.
  • Sugar prices are falling, in part, because of additional tariffs imposed on China from the US and lower oil prices.

Proposed next steps:

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