Top 10 Sugar Importing Countries in 2023
Explore the top 10 sugar-importing countries in 2023 as the USA emerged as the biggest sugar importer with sugar imports accounting for $13.85 billion in 2023.
Sugar Importers statistics of 2023
In the ever-evolving landscape of global trade, the import records of sugar offer a lens via which we will analyze economic trends and market dynamics. Sugar comes under the HS code Chapter 17 as Sugars and Sugar confectionery. The HS code for white sugar is 17019910. Sugar, a staple commodity that is extensively consumed around the arena, is a high example of a product that sees full-size import interest. Global sugar imports of the pinnacle 10 sugar-importing countries accounted for $53.14 billion in 2023. The size of the world sugar market increased, reaching 192.1 million tons in 2023. These international locations import large amounts of sugar to satisfy home needs and agricultural activities globally. With their strategic positions and economic impact, these pinnacle sugar-uploading countries wield a giant effect on shaping marketplace traits and expenses. China is traditionally the most important sugar importer; however, The USA beat China in 2023 and emerged as the largest sugar importer with sugar imports accounting for $13.85 billion. In this article, we can delve into the sugar importer statistics of 2023, highlighting the pinnacle of the top 10 sugar-importing countries and exploring the destiny of sugar imports.
What are the Top 10 Sugar Importing Countries in 2023?
The desire for sugar endures in countries and continents, making it a vital issue of international alternatives. Let's take a look at the pinnacle of three countries that lead the manner within the import of sugar as economies converge and consumer possibilities trade. The USA is the biggest sugar importer with its sugar imports worth $13.85 billion in 2023. The top 10 sugar importer nations in 2023 consist of:
1. USA: $13.85 billion
As one of the biggest importers and purchasers of sugar in the world, the US keeps topping the charts as a main importer of sugar. The nation's numerous meal industries and high intake rates drive the want for significant sugar imports. The USA imported Sugar well worth $13.85 billion in 2023. In 2023, The USA imports the most sugar from Mexico ($2.17 billion).
2. China: $7.47 billion
China's booming populace and growing financial system have led to an increased call for sugar, making it one of the top importers of this candy commodity in 2023. China’s sugar imports accounted for $7.47 billion in 2023. China imports the most sugar from Brazil worth $1.91 billion in 2023.
3. Indonesia: $6.57 billion
Indonesia's vibrant meals and beverage region heavily relies on imported sugar to satisfy the needs of its populace, cementing its function as a key participant in the global sugar import marketplace. Indonesia imported sugar worth $6.57 billion in 2023. Indonesia imports the most amount of sugar from Brazil worth $886.94 million in 2023.
4. Germany: $4.85 billion
Known for its love of confectionery and baked goods, Germany imports a substantial quantity of sugar to assist its thriving meals enterprise. Germany’s sugar imports have been worth $4.85 billion in 2023. In 2023, Germany imports the most sugar from Belgium accounting for $515.91 million.
5. United Kingdom: $4.65 billion
The United Kingdom's candy enamel drives the demand for imported sugar, with the country continually ranking as one of the pinnacle sugar importers within the globe. The United Kingdom’s sugar imports had a complete price of $4.65 billion in 2023. The UK imports the maximum sugar from Belgium in 2023 worth $225.11 million.
6. Spain: $3.70 billion
pain's wealthy culinary way of life and love for cakes contributed to its full-size sugar import volumes in 2023. In 2023, Spain imported sugar worth $3.70 billion. Spain imports the most sugar from France in 2023, worth $624.55 million.
7. Canada: $3.52 billion
Despite being a major maple syrup manufacturer, Canada imports a considerable amount of sugar in its meals and beverage zone. Canada’s overall sugar imports accounted for $3.52 billion in 2023. Canada imports sugar the most from Brazil in 2023 worth $648.18 million.
8. South Korea: $3.22 billio
South Korea's developing economic system and converting nutritional alternatives have brought about a surge in sugar imports, positioning the country as a key participant in the worldwide sugar trade. South Korea imported sugar worth $3.22 billion in 2023. In 2023, South Korea imports the most sugar from Australia worth $484.71 million.
9. France: $2.71 billion
Renowned for its pastries and desserts, France relies on sugar imports to preserve its culinary recognition on the arena stage. Sugar imports to France have been valued at $2.71 billion in 2023. France imports the most amount of sugar from Belgium worth $344.83 million.
10. Malaysia: $2.6 billion
Malaysia's diverse meal tradition and growing urbanization drive the need for imported sugar to meet the needs of its populace. Malaysia imported overall sugar worth $2.6 billion in the 12 months of 2023. Malaysia imports the most sugar from Brazil worth $662 million in 2023.
What are the Top 10 Sugar Supplying or Exporter Companies in 2023?
The sugar-supplying companies contribute massively to the major sugar-importing nation’s sugar demands. The top 10 sugar-supplying companies with their total revenue in 2023 include:
- Cargill, Incorporated (USA): $177 billion
- Wilmar International Limited (Singapore): $67.2 billion
- Louis Dreyfus Company B.V. (Netherlands): $59.9 billion
- Associated British Foods plc (United Kingdom): $25.19 billion
- Biosev & Raizen (Brazil): $39 billion
- Südzucker AG (Germany): $11 billion
- Cosan S.A. (Brazil): $7.9 billion
- Savola Group (Saudi Arabia): $7.2 billion
- Tereos (France): $7.1 billion
- E.I.D. – Parry (India) Limited (India): $4.2 billion
How do you find potential sugar buyers with TradeImeX?
To find potential sugar buyers and customers with TradeImeX, begin by utilizing the platform's complete seek capabilities to input precise criteria such as preferred amount, fine standards, and target markets. Utilize TradeImeX's database of established customers to identify leads that match your requirements. Utilize the platform's analytic tools to tune purchaser conduct and choices, permitting you to tailor your technique and services to match their desires. By leveraging TradeImeX's functions correctly, you could successfully collaborate with potential sugar buyers and extend your business opportunities in the worldwide marketplace. With TradeImeX, you can find buyer & supplier from Asia, Europe, and other regions of the world with the following benefits:
- Identify Target Markets for Sugar imports
- Analyze Import Trends
- Identify Potential Sugar Buyers
- Monitor Competitors
Top 10 Sugar Buyers and importer companies around the world
For your convenience, we have provided you with a sample of the top 10 Sugar Buyers and importer companies around the world:
- EDF Man Sugar Inc: USA
- Able Sales Company Inc: USA
- PT RECKITT BENCKISER TRADING INDONESIA: Indonesia
- RIBA SMITH S A.: Panama
- TAM S.A.: Paraguay
- NURHUSSEN YASSIN OMER: Ethiopia
- VALTRE IMPORTS S DE RL DE CV: Mexico
- VARUN BEVERAGES LANKA PVT LTD.: Sri Lanka
- M/S J.D.W SUGAR MILLS LTD.: Pakistan
- MAMBOGANI LIMITED: Kenya
Conclusion
In conclusion, the sugar importer statistics 2023 paints a picture of a thriving market driven by the various desires and sugar consumption patterns of nations around the sector. By keeping a close eye on those tendencies and developments, stakeholders within the sugar industry can better role themselves to capitalize on the opportunities offered through the developing demand for imported sugar.
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