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The global price of white sugar was forecast to increase between 2023 and 2034 by in total **** U.S. dollars per tonnes. This overall increase does not happen continuously, notably not in 2024 and 2025. The global price is estimated to amount to * U.S. dollars per tonnes in 2034. Notably, the global price of white sugar was continuously increasing over the past years.
World price refers to the price of commodities outside of one's own country and is determined by global levels of supply and demand.

Sugar manufacturing

Sugar manufacturing is a long and meticulous process to execute. The initial steps include cleaning, milling, and clarification; it then moves to evaporation and crystallization, finishing with crystal separation. The sugar is refined before it hits the shelves to ensure all impurities get extracted. In 2023, the sugar manufacturing market value was forecasted at around ** billion U.S. dollars, a ** percent decrease from the market value in 2012. Since 2012, the decrease has fluctuated between ** to ** billion U.S. dollars .

Sugar production and consumption

As of 2023/2024, sugar production worldwide was about *** million metric tons, a ** percent increase from 2010/2011. The production value is forecasted to increase by just over * million metric tons by 2024/2025. Sugar consumption worldwide is also forecasted to slightly increase in 2024/2025 by just over * million metric tons from the previous year. The consumption of sugar has grown over the years and has increased by just over ** percent from 2010/2011 to 2023/2024.