According to USDA forecast, the world sugar volume in the crop 2018/2019 will decrease by 4 million tons compared to the previous forecast; however, it will be still at high level, rising by 4% compared to the crop 2017/2018.
The world sugar consumption has been increasing for years. The average sugar consumption per person has increased continuously from 22,6kg/person in 2012 to 23,46 kg/person in 2018 with a CAGR of 0.75% in the whole period.
Compared to the world sugar industry, Vietnam stands the 14th position in sugar growing area and volume. The sugar production volume fluctuated quite closely to the fluctuation of the sugar cane production. When the sugar cane volume increases, the sugar supply tends to increase because after being harvested, sugar cane must be put into production of finished products and be warehoused or it will be damaged and can not last long. According to Vietnam sugar cane association, in the end of season 2018/2019, the sugar volume in Vietnam is forecasted to decrease by 11.6% compared to the crop 2017/2018.
The sugar consumption volume in crop 2017/2018 increased by 13% compared to the previous crop. Although it has risen pretty dramatically, the sugar consumption of Vietnamese people is still low compared to other countries in the region and the world average level.
Vietnam's sugar price correlates quite closely with the world sugar price because Vietnam often has to import sugar, but the sugar price is different among domestic regions. In the first 3 months of 2019 in the crop 2018/2019, Vietnam sugar price went on a downward tendency and still maintained low level due to the effects of the price tendency of the world market.
Key Topics Covered
1. Business Environment
1.1. Macroeconomic Context
1.2. Legal Framework
1.3. Free Trade Agreements
2. Global sugar industry overview
2.1. Sugar industry overview
2.1.1. Overview of sweetener market
2.1.2. World sugar value chain
2.2. Input Material
2.3. Production Situation
2.5. World sugar supply and demand
2.6. World export and import
2.8. Sugar market in typical countries
3. Vietnam sugar industry
3.1 History of Vietnam sugar industry
3.2 Characteristics of Vietnam sugar industry
3.3 Producing procedures and technology
3.4 Production Material
4. Vietnam sugar industry risks
5. Vietnam sugar industry planning
6. Outlook and forecasts
7. Enterprise Analysis
7.1 Introduction of enterprise
7.2 Financial Analysis
- Thanh Thanh Cong Bien Hoa JSC
- Quang Ngai Sugar JSC
- Vietnam Sugar JSC
- Lam Son Sugar and Sugarcane JSC
- Can Tho sugar and sugarcane JSC
- Nghe An Sugar Co.,ltd
- Son Duong sugar and sugarcane JSC
- Son La sugar and sugar cane JSC
- Sugar Corporation II - Joint Stock Company
- La Nga Sugar and Sugarcane JSC
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