Sugar Market in the United States
In value terms, sugar production stood at $ in . Over the period under review, the total production indicated a tangible increase from 2007 to : its value decreased at an average annual rate of -% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Sugar production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.
In , the average yield of sugar in the United States was estimated at less than kg per ha, remaining constant against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of sugar production in the United States was estimated at less than ha, approximately mirroring 2019. In general, the harvested area saw a relatively flat trend pattern.
The size of the sugar market in the United States stood at $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sugar consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.