BUSINESS

Top 5 Sugar Importers from India with Tradologie.com

Sugar is one of the most important commodities in the world due to its widespread use in a wide range of recipes. Here, you will find information about the top 5 sugar importing countries.

The global industrial sugar market is mainly determined by rising sugar prices, developments in the industrial beet sugar industry, and patterns of consumption of edible products and soft drinks.

Although the sugar market in established economies such as North America and Western Europe is saturated, it is showing potential growth in emerging markets.

Due to increasing disposable income, modernization, and changing dietary habits, demand for sugar-based products is increasing in developing nations like India, China, and the Middle East.

Rising demand for sugar has led to significant growth in the global sugar market, especially in Asia and the Middle East.

The global sugar market is projected to be 193.2 million tonnes in 2020.

Global beet sugar production for 21/22 is projected to increase to 40.3 million tonnes from 38.1 million tonnes in 20/21

Let’s go deeper to get the list of the world’s largest sugar importers for the above period.

Source of sugar

80% of the sugar produced globally is extracted from sugarcane and the rest from sugar beet. Sugarcane cultivation is driven because of the global demand for sugar. Sugarcane refers to grasses of the genus Sacrum, which belong to the tropical and temperate regions of Melanesia and South Asia. Sugarcane is processed to extract sugar used in the food industry or fermented for ethanol production. Sugarcane is also used in the production of bagasse, molasses, rum, phalanx, etc. Sugarcane is also used to make various products like mats, mats, pens, curtains, etc. Sugarcane is also grown as fodder for livestock.

Production of sugarcane

Sugarcane is the world’s largest cultivated crop. In 2012, According to the Food and Agriculture Organisation(FAO), it is estimated that the sugarcane crop was cultivated in over 90 countries of the world on a total land area of 2,756 hectares.

The total sugarcane harvest in 2012 was 199.47 million tonnes. Brazil is the world’s largest sugarcane producer. Other major sugarcane growers after Brazil are India, China, Thailand, Pakistan, and Mexico.

Major sugar producers and exporters

Brazil stands as a king in terms of the global sugar market, the sugar industry contributes a large part to the economy of the country. In the year 2019-2020, Brazil produced 29.93 million metric tonnes of sugar.

In the same year, India ranked second in sugar production at 28.9 million metric tonnes. Brazil becomes the major sugar producer due to the favorable climate conditions in the central-southern part. Other major sugar producers are India, China, Thailand, the United States, Mexico, France, and Germany. The top five countries exporting sugar globally in 2020-21 are Brazil, Thailand, India, Australia, and Guatemala.

From January 2021 to August 5 Indian sugar mills across the country exported 5.11 million tonnes of sugar, according to the All-India Sugar Trade Association (AISTA), India has managed to contract around 6 million tonnes of sugar excluding export to Iran, which has the potential to buy 1.2 million tonnes.

The total volume of sugar exports under the shipment process is over $ 2.5 billion or about Rs 18,600 crore, which contributes to the country’s export earnings.

Major sugar importers with Tradologie.com

The top ten sugar importers in 2020-21 are Indonesia, China, the United States, Bangladesh, Algeria, Malaysia, the European Union, South Korea, Nigeria, and Saudi Arabia.

Factors driving the global sugar market

Ease of acquisition

This sweetener is readily available, used in socio-economic age groups, and is also easy to pocket. It can easily be found in department stores, convenience stores, and supermarkets.

Positive impact on the F&B(food & beverage) industry

The food and beverage industry is free from the economic downturn and this is having a positive impact on the sugar sector which has been growing steadily over the last few years.

High sugar consumption in the skincare and pharmaceutical sectors

The use of this sweetener in the skincare and pharmaceutical industries makes it a “high demand” product and drives the growth of the sugar market. It is used to make cough syrups and antibiotics. Scrubs are also manufactured from the exfoliating effect of sugar.

Global sugar market developing economy

Global sugar markets in developing economies such as India, China, and the Middle East are showing promising signs of growth due to the increase in disposable income of the region’s population. Demand for sugar-based products is increasing due to urbanization and changes in eating habits in these geographical regions.

Impact of Covid-19 on sugar imports

Covid-19 had put an unexpected burden on the sugar industry. Restrictions on social gatherings and trips have reduced the demand for sugar in the global sugar market. Sugar prices also declined internationally and domestically. There are several reasons for the drop in sugar prices, such as lower take-offs from soft drinks and FMGC companies. India sugar Imports & Sugar Confectionery in India averaged 286.07 USD Million from 1996 until 2021.

How exporters export sugar through Tradologie.com

To export sugar from India, you need some licenses and certificates as per government guidelines.

  • You need to register for an APEDA license; it is like a seal of approval by the Government of India.
  • You need to register for Import Export Code as well as Registration cum Membership certificate.

Once you have completed these formalities, you need a reliable platform through which you can export sugar and the platform is Tradologie.com. It is a B2B trade enabling solution and comes with a base of 500K + verified buyers and 45K + authentic sellers. Be one of them and start exporting sugar worldwide cheaply-effectively and without any calls or emails.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button