Did you know?
Right now, on this planet there are approximately 7 billion people and by the time 2050 comes around we’ll be hitting figures well in excess of 9 billion. Amazingly, most of this population growth will actually take place in developing countries.
So when you consider that every man, woman and child consumes on average one tablespoon of sugar per day, the obvious growth of the market isn’t hard to comprehend. As global agriculture goes, sugar is one of the most valuable traded commodities.
- In 2000 world sugar trade was worth $10bn
- In 2009 world sugar trade was worth $28.5bn
- Of the 2009 total, $18.1bn of exports originated from developing countries
- Of the 2009 total, $9.5bn was from developed countries
- Global coffee trade was worth $24.5bn*
- World rice trade was worth $19.5bn*
- World cocoa trade was worth $16.1bn*
- World tea trade was worth $6.4bn*
Some fast facts
Agricultural production is expanding
Sugarcane is one of the most important crops in the world because of its strategic position and immense uses in the daily life of any nation, as well as for industrial uses aimed at nutritional and economic sustenance. The sugar industry is a promoter of investment, job and wealth creation and a tool for rapid rural development as it creates communities that are self-sufficient.
Sugar production is projected to grow to nearly 207 million tonnes in 2021-22, some 44 million tonnes or put another way, 26% above the average level for 2009-11. Global consumption is projected to rise at 2.2% a year to reach nearly 201 million tonnes in 2021.
It is a diverse industry, combining the agricultural activities of sugarcane cultivation with the manufacture of raw and refined sugar, syrups, specialised sugars and a range of by-products and co-products.
In line with developments in the global sugar sector, it has the potential to become a significant producer of renewable energy, bio-fuels and bio-plastics.