HS Code:
The category of Sugars, syrups, and molasses under HS Codes 1701.13.50 and 1701.14.50 primarily includes raw cane sugar not containing added flavoring or coloring matter, often in solid form. These subheadings cover specific types of cane sugar that are subject to certain import quotas and tariff-rate quotas, typically used in food processing, beverage production, and as sweeteners in various industries. Global trade in this category is influenced by agricultural production capacities, trade agreements, and domestic demand for sugar and sugar-based products.
Total Trade Volume
Approximately 25 million metric tons
Data from 2022
Source
United Nations Comtrade Database and International Sugar Organization
10.5 million metric tons
42% of total trade of total trade
Increasing
6.2 million metric tons
24.8% of total trade of total trade
Increasing
3.1 million metric tons
12.4% of total trade of total trade
Stable
2.8 million metric tons
11.2% of total trade of total trade
Stable
1.4 million metric tons
5.6% of total trade of total trade
Increasing
Average Rate
Approximately 5.5% ad valorem
Highest Rate
Up to 35.74 cents per kilogram in the United States under specific quota limits
Lowest Rate
0% under free trade agreements like EU-ACP Sugar Protocol or regional agreements
Rising demand for organic and fair-trade sugar
Increased exports from countries with sustainable farming certifications, influencing pricing and market access
2021-2022
Shift towards alternative sweeteners
Moderate decline in traditional cane sugar demand in developed markets due to health-conscious consumer preferences
2020-2022
Climate change impacting production
Erratic weather patterns in major producing countries like Brazil and India have led to supply fluctuations
2019-2022
Brazil reported a record export volume in 2022 due to favorable weather conditions and high global demand, strengthening its position as the leading exporter.
October 2022
Increased global supply has stabilized prices but intensified competition for smaller exporters.
The European Union revised its sugar import quotas under the Everything But Arms (EBA) initiative, affecting Least Developed Countries (LDCs) by providing better market access.
January 2023
Enhanced opportunities for exporters from LDCs, potentially shifting trade patterns in the European market.
India's policy to divert sugarcane towards ethanol production for fuel blending has reduced exportable sugar surplus, impacting global supply.
May 2022
Tightened global supply has led to upward pressure on sugar prices, benefiting other exporters like Thailand.