The world sugar economy returned a third consecutive year of surplus in 2020. World output exceeded global use by 0.637 mln tonnes.
World production fell by 0.998 mln tonnes in 2020 to 170.116 mln tonnes, a second year of decline. Global beet sugar production totalled 35.170 mln tonnes, down 3.194 mln tonnes, while cane sugar production increased to 134.947 mln tonnes, up 2.196 mln tonnes from 2019.
World consumption fell again in 2020, for an unprecedented third year in a row, to 169.479 mln tonnes, down 0.547 mln tonnes. National lockdowns and reduced social interaction due to the COVID-19 pandemic contributed to this fall, as did the ongoing sugar and health debate and associated interventions such as sugar taxes. World average per capita consumption in 2020 stood at 21.8 kg, down from a 2016 high of 23.0 kg.
Support from hedge funds and importers lifted values during the second half of 2020 to give an average ISA daily price of USD12.84 cents/lb, up USD0.14 cents/lb from 2019. The ISO White Sugar Price Index increased to USD373.01/tonne in 2020 from USD336.22/tonne in 2019 reflecting a rise in the nominal white premium during the year.
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Members of the 1992 International Sugar Agreement The World Sugar Economy in 2019 Explanatory Notes Afghanistan Albania Algeria Angola Argentina Armenia Australia Azerbaijan Bangladesh Barbados Belarus Belize Benin Bolivia Bosnia Brazil Burkina Faso Burundi Cambodia Cameroon, U. R. Canada Cape Verde Central African Rep. Chad Chile China China (Taiwan) Colombia Congo, Dem. Rep. Congo, Rep. of Costa Rica Côte d’Ivoire Cuba Dominican Rep. Ecuador Egypt, Arab Rep. El Salvador Eswatini Ethiopia EU Fiji French Territories Gabon Gambia Georgia Ghana Guatemala Guinea Guyana Haiti Honduras Hong Kong Iceland India Indonesia Iran Iraq Israel Jamaica Japan Jordan Kazakhstan Kenya Korea, P.D.R. Korea, Rep. of Kuwait Kyrgyzstan Lao, P.D.R. Lebanon Libyan Arab Jamahiriya Madagascar Malawi Malaysia Mali Mauritania Mauritius Mexico Moldova, Rep. of Morocco Mozambique Myanmar Namibia Nepal New Zealand Nicaragua Niger Nigeria North Macedonia Norway Pakistan Panama Papua New Guinea Paraguay Peru Philippines Russian Federation Rwanda Saudi Arabia Senegal Serbia Sierra Leone Singapore Somalia South Africa Sri Lanka Sudan Suriname Switzerland Syrian Arab Rep. Tajikistan Tanzania, U. R. Thailand Togo Trinidad & Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates USA Uruguay Uzbekistan Venezuela Viet Nam Yemen Rep. Zambia Zimbabwe World Sugar Situation World Production World Exports World Imports Net Exports Free Market Net Imports Free Market Gross Exports of Raw Sugar Gross Exports of White Sugar Gross Imports of Raw Sugar Gross Imports of White Sugar World Consumption World Stocks World Per Capita Consumption Monthly Sugar Prices Wholesale and Retail Sugar Prices Equivalent Weights and Measures