India's sugar exports grow by 291% since 2013-14

Tags: Economics/Business

India's Sugar Exports witnessed an astounding growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. 

• According to DGCI&S data, India exported sugar to 121 countries around the world.

• Sugar export jumped 65 per cent in 2021-22 corresponding to the previous year.

• The growth was achieved despite logistical challenges posed by COVID19 pandemic in the form of high freight rates, container shortages, etc.

• According to the DGCI&S data, India had exported sugar worth USD 1965 million in 2019-20, which rose to USD 2790 million in 2020-21 and USD 4600 million in 2021-22.  

• In 2021-22 (April-February), India exported sugar worth USD 769 million to Indonesia, followed by Bangladesh (USD 561 million), Sudan (USD 530 million) and U.A.E (USD 270 million).

• India also exported sugar to Somalia, Saudi Arabia, Malaysia, Sri Lanka, Afghanistan, Iraq, Pakistan, Nepal, China, etc.

• Indian sweetener has also been imported by the USA, Singapore, Oman, Qatar, Turkey, Iran, Syria, Canada, Australia, South Africa, Germany, France, New Zealand, Denmark, Israel, Russia, Egypt, etc.

• Major sugarcane-producing states

–Uttar Pradesh, Maharashtra and Karnataka account for nearly 80 percent of the total sugar production in the country.

–The other major sugarcane-producing states are Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Bihar, Haryana, and Punjab.

–India is the world’s second-largest sugar producer after Brazil.

–Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements.